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, if passed, would see the maximum supply of BNX tokens reduced by 1.62 billion, bringing the new cap down to 580 million.
What’s the Goal?
The goal of this move is to increase the token’s scarcity and long-term value for the BinaryX community. This would be achieved by reducing the potential market supply of BNX tokens by eliminating unminted ones.
What Does This Mean for Holders?
The reduced token supply would allow BNX to enter a new deflationary model, potentially benefiting holders in the long run.
How to Vote
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.
Transparency and Community Involvement
The BinaryX team emphasizes the importance of transparency and community participation throughout the voting process. The results will be disclosed upon completion of the vote.
About BinaryX
BinaryX is a leading Web3 gaming platform that 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](www.binaryx.pro) and connect with them on their social media channels:
* [Twitter](https://twitter.com/BinaryX_io)
* [Discord](https://discord.gg/binaryx)
* [Telegram](https://t.me/BinaryX_official)
* [YouTube](https://www.youtube.com/channel/UCsG9i9bR46X7J9tV355M-oA)
* [Medium](https://medium.com/binaryx)
