BinaryX Proposes BNX Token Supply Reduction
BinaryX, a prominent Web3 gaming platform, has announced a community vote to reduce the total supply of its BNX token. This move is designed to increase the token’s scarcity and bolster its long-term value for the BinaryX community.
Reducing the BNX Supply Cap
The proposal aims to decrease the maximum supply of BNX tokens by 1.62 billion, bringing the new cap down to 580 million. This will be achieved by eliminating unminted tokens, effectively reducing the potential market supply of BNX.
A Deflationary Model for BNX
BinaryX believes that this supply reduction will enhance the token’s utility by making it more scarce. As a result, BNX is expected to enter a new deflationary model, potentially benefiting holders.
Community Voting
BNX holders will have the opportunity to participate in a vote to determine the outcome of this proposal. Voting details and the official voting period will be announced by BinaryX through its official media and community channels.
BinaryX’s Commitment to Transparency
The team at BinaryX emphasizes its commitment to transparency throughout the voting process, assuring the community that the results will be disclosed upon completion. They believe that community participation is essential for the project’s direction and encourage all BNX holders to cast their vote.
About BinaryX
BinaryX is a leading Web3 gaming platform known for its immersive and engaging gaming experiences, such as Ai Hero and Pancake Mayor. Built on the BNB Chain, BinaryX leverages blockchain and AI technology to empower players with ownership of in-game assets, participation in decision-making, and the true potential of Web3 gaming.
To learn more about BinaryX, visit their website: [https://www.binaryx.pro](https://www.binaryx.pro)
You can also connect with BinaryX on social media:
* Twitter: [https://twitter.com/BinaryX_Official](https://twitter.com/BinaryX_Official)
* Discord: [https://discord.com/invite/binaryx](https://discord.com/invite/binaryx)
* Telegram: [https://t.me/BinaryX_Official](https://t.me/BinaryX_Official)
* YouTube: [https://www.youtube.com/channel/UC4J-J7y9iY-c5eH8r626fSg](https://www.youtube.com/channel/UC4J-J7y9iY-c5eH8r626fSg)
* Medium: [https://medium.com/@BinaryX](https://medium.com/@BinaryX)
