Conflux Token (CFX) is a coin of a public blockchain without permission, which, without sacrificing decentralization and security, reaches high TPS. It is universal, secure, scalable, smart contracts built in Ethereum can easily be transferred to Conflux, parallel chain building and governance taking place according to the principles of DAO are possible in it.

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cip title author status type created     107 Burning a DAO-adjustable proportion of the storage collateral Ming Wu, ming.wu@confluxnetwork.org, Chenxing Li, chenxing@confluxnetwork.org  Draft Spec Breaking 2023-02-06    Simple Summary When a sponsor add storage collateral for a contract, a proportion of the CFX tokens will be burned and corresponding amount of “storage point” will be mint. The “storage point” cannot be transferred and will not generate storage interest. But it can pay for st...

CIP-107: Burning a DAO-adjustable proportion of the storage collateral (20230307)

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📣 CIP-107: Burning a DAO-adjustable proportion of the storage collateral

🔹 CIP-107 introduces the concept of "storage points" that will be minted from the burning of storage collateral. 

🔹 This new mechanism will improve tokenomics and mitigate inflation by minting "storage points" from burned CFX tokens.

Full info ⤵️
https://forum.conflux.fun/t/cip-107-burning-a-dao-adjustable-proportion-of-the-storage-collateral-20230307/17918/1

CIP-107: Burning a DAO-adjustable proportion of the storage collateral.