🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
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.