BinaryX Proposes BNX Token Supply Reduction
BinaryX, a leading Web3 gaming platform, has announced a community vote to reduce the total supply of its BNX token. The proposal aims to increase the token’s scarcity and long-term value for the benefit of the BinaryX community.
Proposed BNX Token Supply Reduction
The proposal seeks to reduce the maximum supply of BNX tokens by 1.62 billion, bringing the new cap down to 580 million. This would mean that the token would become more scarce, which could potentially lead to an increase in its price.
BNX to Enter New Deflationary Model
The action is expected to enhance the token’s utility through a greatly reduced token supply, consequently allowing BNX to enter a new deflationary model for holders.
Voting Details
The official voting period will be announced by the BinaryX team via their official media and community channels. To participate, BNX holders will need to visit the voting page from the official voting period, and connect their wallets to cast their vote.
BinaryX’s Commitment to Transparency
The BinaryX team has emphasized the importance of community participation, highlighting that every vote counts, and will directly influence the direction of the project.
About BinaryX
BinaryX is a leading Web3 gaming platform dedicated to creating immersive and engaging gaming experiences like Ai Hero and Pancake Mayor. Built on the BNB Chain, BinaryX leverages the latest technologies like blockchain and AI to provide players with unique opportunities to own in-game assets, participate in decision-making processes, and experience the true potential of Web3 gaming.
**To learn more about BinaryX, you can visit their website:** [www.binaryx.pro](https://www.binaryx.pro)
**You can also find more information about BinaryX on their social media:**
* **Twitter:** [https://twitter.com/BinaryX_io](https://twitter.com/BinaryX_io)
* **Discord:** [https://discord.gg/binaryx](https://discord.gg/binaryx)
* **Telegram:** [https://t.me/binaryx_official](https://t.me/binaryx_official)
* **YouTube:** [https://www.youtube.com/channel/UCJq8z0F8M8w8rD4-w8oL66w](https://www.youtube.com/channel/UCJq8z0F8M8w8rD4-w8oL66w)
* **Medium:** [https://medium.com/@binaryx](https://medium.com/@binaryx)
