Flare Introduces Governance Proposal to Reshape FLR Tokenomics
- Inflation Rate Adjustment: Flare plans to reduce the annual inflation rate of FLR from 5% to 3%, decreasing the annual issuance from 5 billion to 3 billion tokens, which aims to create a more sustainable economic model and enhance the network's long-term viability.
- Value Capture Mechanism: The proposal introduces the Flare Income Reinvestment Entity (FIRE), which will oversee earnings from on-chain operations, including MEV from arbitrage activities, directing funds towards ecosystem incentives, token buybacks, and strategic token burns, thereby strengthening the connection between network activities and token demand.
- Network Fee Adjustments: Flare intends to raise minimum gas fees from 60 gwei to 1,200 gwei, potentially increasing the annual burn rate of FLR tokens from 7.5 million to 300 million, aiming to synchronize token supply reductions with network engagement to promote sustained participation.
- Reward Distribution Restructuring: The proposal will recalibrate reward allocations to ensure that users engaging through the P Chain receive at least 20% of revenue shares, thereby supporting infrastructure providers and enhancing community involvement in the network's functionality.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX). As of , Immutable (IMX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for IMX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, IMX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.11 | 0.12 | 0.13 | 0.14 | 0.151 | 0.161 | 0.171 |
| Fibonacci | 0.12 | 0.128 | 0.133 | 0.14 | 0.148 | 0.153 | 0.161 |
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