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 will set the 3rd iteration post-reduction rate to 7.38% per annum. The Phoenix RISE program continues to accelerate this year, including 1-2 more inflation reduction iterations, and additional optimization initiatives being added. Stay tuned. $PHB
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