Phoenix Global to Start Inflation Reduction Program Third Phase on June 7th

Name: Inflation Reduction Program Third Iteration
Start: 2024-06-07T08:00:00Z
End: 2024-06-08T08:00:00Z

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Inflation Reduction Program Third Iteration

Phoenix Global is set to implement the third iteration of its Inflation Reduction Program. This update, scheduled for June 7th at 8 am UTC, will see a further reduction in the base inflation rate by 10%. This is in line with the company’s ongoing efforts to optimize the economics of the Phoenix RISE Token.

Event date: June 7, 2024 8:00 UTC

Phoenix | Decentralized AI Infrastructure
@Phoenix_Chain

Phoenix RISE Token Economics Optimization Program is back in action – the 3rd iteration of inflation reduction is set to go into effect on friday june 7, 8am UTC time. As with each iteration (last one being on Apr 2, 2024), the base inflation rate will be reduced by 10%, which…

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