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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Conflux CTO’s tweet about the published CIP107 (link) with the title: “Burning a DAO-adjustable proportion of the storage collateral when refunding.” seems like a great step toward reducing CFX’ circulating supply in the long-run and should really benefit us investors and holders in the long-run 😃  Although the Conflux Foundation has already burned close to 500 Million CFX via the Voting Proposals 11, 7, 4 and 2 (see: https://www.confluxhub.io/governance/vote/proposals), it seems like not...

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

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🔸 Our CTO Ming Wu just announced the publication of CIP107, which proposes burning a DAO-adjustable proportion of storage collateral during refunds. 

🔸 This could significantly reduce CFX's circulating supply in the long run! 

What's your take on this proposal? Please share your thoughts with us in the forum ⤵️

https://forum.conflux.fun/t/cip-107-burning-a-dao-adjustable-proportion-of-the-storage-collateral-when-refunding/17531