BinaryX Proposes BNX Token Supply Reduction
BinaryX, a prominent Web3 gaming platform, is holding a community vote to potentially decrease the total supply of its BNX token. This move aims to enhance the token’s scarcity and long-term value for the benefit of the BinaryX community.
A New Deflationary Model?
The proposed reduction would see the maximum supply of BNX tokens shrink by 1.62 billion, bringing the new cap down to 580 million. The current game output will remain unchanged, with future rewards after reaching the supply cap distributed as community incentives from the team’s share.
This action is expected to make BNX more valuable due to its greatly reduced supply, potentially leading to a new deflationary model for holders.
How to Participate
BNX holders can participate in the vote by visiting the voting page during the official voting period and connecting their wallets. The official voting period will be announced by the BinaryX team via their official media and community channels.
BinaryX emphasizes the importance of community participation, stating that every vote counts and will directly influence the direction of the project.
What is BinaryX?
BinaryX is a Web3 gaming platform that creates immersive and engaging gaming experiences like Ai Hero and Pancake Mayor. Built on the BNB Chain, BinaryX leverages blockchain and AI technology to provide players with unique opportunities to own in-game assets, participate in decision-making processes, and experience the true potential of Web3 gaming.
You can learn more about BinaryX on their website: [www.binaryx.pro](https://www.binaryx.pro)
You can also find them on social media:
* **Twitter:** [https://twitter.com/BinaryXOfficial](https://twitter.com/BinaryXOfficial)
* **Discord:** [https://discord.gg/binaryx](https://discord.gg/binaryx)
* **Telegram:** [https://t.me/binaryxofficial](https://t.me/binaryxofficial)
* **YouTube:** [https://www.youtube.com/channel/UCYd_z8G_f6Y10wT-t_5_iFw](https://www.youtube.com/channel/UCYd_z8G_f6Y10wT-t_5_iFw)
* **Medium:** [https://medium.com/@binaryx](https://medium.com/@binaryx)
