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BinaryX Announces Historic Vote to Burn 74% of BNX Tokens
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Singapore, Singapore, July 17, 2024, Chainwire
BinaryXa leading developer and publisher for Web3 games, today announced a community vote to reduce the total supply of its BNX token. This initiative aims to increase the token’s scarcity and long-term value for the benefit of the BinaryX community.
Proposal to reduce the supply limit of the BNX token
BinaryX invites all community members to participate in a crucial vote to determine the future trajectory of the project. The proposal aims to reduce the maximum supply of BNX tokens by 1.62 billion, bringing the new limit to 580 million. Current game output will remain unchanged, with future rewards after reaching the supply limit distributed as community incentives from the team’s share.
BNX Enters New Deflationary Model
According to the team, the primary purpose of this vote is to reduce the potential market supply of BNX tokens by eliminating unminted ones. The action is expected to improve the utility of the token through a significantly reduced token supply, thereby allowing BNX to enter a new deflationary model for holders.
Details and participation in the 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 official voting period voting page and connect their wallets to cast their vote.
BinaryX’s Commitment to Transparency
“BinaryX prioritizes transparency throughout the voting process and will make the results public once the process is complete,” says Julio, Head of Growth at BinaryX. “The team is committed to promoting a fair, transparent, and sustainable project for the long term.”
The team stressed the importance of community participation, noting 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 engaging and immersive gaming experiences such as AI Hero AND Pancake Mayor.
Powered by the BNB Chain, BinaryX leverages the latest technologies, such as blockchain and artificial intelligence, to provide players with unique opportunities to own game assets, participate in decision-making processes, and experience the true potential of Web3 gaming.
For more details and information about BinaryX, users can visit www.binaryx.pro
Users can also find more information about BinaryX on social media: BinaryX | Chirping | Discord | Telegram | Youtube | medium
Contact
BinaryX
[email protected]
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