Chiliz Dragon8 Hard Fork Is Now Live With EURO 2024 Hype

Key Points:

• Chiliz Dragon8 hard fork has been launched with Tokenomics 2.0 and a transaction fee-burning mechanism.
• The update includes developer enhancements like the latest Solidity version and EIP-1559 for better fee management.
• Coinciding with EURO and Copa America 2024, Chiliz is upgrading networks and boosting promotional activities.

Sports and entertainment blockchain Chiliz has announced the launch of the “Dragon8” hard fork on the Chiliz Chain, introducing a sophisticated new token economy model, Tokenomics 2.0.

Chiliz Dragon8 Hard Fork Launched with Enhanced Tokenomics

Chiliz Dragon8 hard fork features a structured annual inflation rate starting at 8.80%, gradually decreasing and stabilizing at 1.88% over approximately 14 years.

A major component of the new model is the transaction fee-burning mechanism, designed to provide balanced incentives for users and validators, fostering long-term, sustainable engagement. Additionally, the Chiliz Dragon8 hard fork brings significant enhancements for developers, including the latest version of the Solidity programming language.

The comprehensive update allows developers to utilize opcodes and available tools to create smart contracts more efficiently on the Chiliz Chain. Furthermore, the implementation of an EIP-1559 mechanism, similar to that used by Ethereum, aims to streamline transaction fee management and enhance the network’s economic efficiency.

Network Upgrades and Promotions Ahead of Big Football Events

The launch of the Chiliz Dragon8 hard fork coincides with the heightened excitement surrounding the biggest football events of the year, EURO and Copa America 2024. The bustling atmosphere has driven fan token platforms like Chiliz to make substantial upgrades to their networks and engage in numerous commercial collaborations and promotional activities.

As fans worldwide gear up for an exhilarating summer of top-tier football matches, besides Chiliz (CHZ), many token fans of other teams can also benefit from international football events this June.