The #waxblockchain tokenomics is being redesigned in order to reduce the on-chain inflation rate and to ensure that on-chain activities can start funding the cost associated with the wax blockchain operations.
What has changed concerning this transition? Before we embark on this transition, let's take a moment to review the current #WAX TOKENOMICS functioning.
Under the current model, a static inflation mechanism introduces an additional 5% more tokens every year. This distribution is allocated towards: (Please also refer to infographic below, Understanding Current State of WAX TOKENOMICS)
💥2%) Top 21 Block Producers and Standby’s: A portion is allocated to compensate these pivotal & decentralized entities in our ecosystem.
💥(2%) Rewarding Active Participants: Those who stake their WAXP tokens for CPU/NET and actively vote for WAX Guilds (block producers) receive staking rewards.
💥(1%) WAX Labs Proposals & Savings: Funding innovative proposals that promise to enhance the WAX ecosystem.
Exciting Changes Coming to the WAX DeFi Ecosystem: As WAX undergoes further development, major changes are in store for the WAX DeFi ecosystem. These steps represent a significant shift in tokenomics and DeFi strategy, leading to a more efficient and optimal @WAX_io ecosystem.(Please refer to attached infographic below 👉 Changes to WAX DeFi to Upcoming Key Deadlines)
The @WAX_io team are pleased to introduce the enhanced #WAX Blockchain Tokenomics, which reflects the commitment to adapt to the dynamic blockchain environment.
For more information about it's landscape transition. Please visit this article:medium.com/wax-io/wax-tok... $WAXP
Future improvements are in the works. The WAX team's vision is unstoppable, which means there will be many new features available in the near future. Please follow @WAX_io on X-platform (https://x.com/WAX_io?s=09) and join Discord community go.wax.io/discord, to stay updated.
Thank you for reading.
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