📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
AxelarToken token burning page launched, with over 90,000 AXLToken burned in the past 5 days
BlockBeats news, on February 26, the Axelar Token burning page went live. Since the network upgrade completed on February 21, over the past 5 days, more than 90,000 AXL Tokens have been burned, with the current inflation rate at 4.8%. The Axelar Cobalt upgrade strengthens the AXL Token economic model, ensuring that 98% of AXL Tokens involved in new Cross-Chain Interactions are burned, while the remaining 2% are transferred to the community fund pool. The new blockchain is connected through the Interchain Amplifier, a mechanism within Axelar's Mobius Development Stack (MDS), and provides security through AXL stake in the validators' reward pool. The reward pool supports new connections without the need for inflation incentives.