- A transaction fee-burning mechanism and Tokenomics 2.0 have been introduced with the Chiliz Dragon8 hard fork.
- Updates for developers include EIP-1559 for improved fee management and the most recent version of Solidity.
- In keeping with EURO and Copa America 2024, Chiliz is expanding its marketing efforts and modernizing its networks.
Blockchain for sports and entertainment With the announcement of the Dragon8 hard fork on the Chiliz Chain, Chiliz has unveiled Tokenomics 2.0, a complex new token economy model.
Launch of the Chiliz Dragon8 Hard Fork with Improved Tokenomics
The Chiliz Dragon8 hard fork has a planned yearly inflation rate that begins at 8.80%, declines steadily, and settles at 1.88% over a period of about 14 years.
The transaction fee-burning mechanism, which is a key element of the new paradigm, is intended to offer users and validators fair incentives and promote sustained, long-term engagement. Significant improvements for developers are also brought about by the Chiliz Dragon8 hard fork, including the most recent Solidity programming language version.
The extensive update makes it possible for developers to more effectively implement smart contracts on the Chiliz Chain by making use of available tools and opcodes. In addition, the goal of implementing an EIP-1559 mechanism akin to Ethereum’s is to improve the network’s economic efficiency by streamlining transaction fee management.
Upgrades to the Network and Promotions Prior to Important Football Events
Amidst the increased excitement surrounding the greatest football games of the year, EURO and Copa America 2024, Chiliz Dragon8 hard fork launches. The thriving environment has prompted fan token platforms such as Chiliz to enhance their networks significantly and participate in a number of commercial partnerships and marketing campaigns.
Many token supporters of other teams can also profit from international football events this June, as football enthusiasts around the globe are ready for an exciting summer of elite football fixtures, including Chiliz (CHZ).
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
