BinaryX, a leading Web3 gaming platform, announced a community vote aimed at significantly reducing the total supply of BNX tokens.
BinaryX Announces Historic Community Vote to Implement Deflationary Model by Burning 74% of BNX Tokens
The proposal involves burning 74% of existing BNX tokens, which will reduce the maximum supply by 1.62 billion tokens, lowering the new cap to 580 million.
This strategic move marks a shift towards a deflationary model, which is expected to increase the value of the remaining tokens and support the long-term sustainability and growth of the platform.
The official voting period for this historic decision will be announced soon on BinaryX's official Twitter and community channels. The company encourages all token holders to participate in this important vote that will shape the future of the BinaryX ecosystem.
BinaryX's decision to move to a deflationary model comes as part of its ongoing efforts to strengthen its tokenomics and provide more value to its community and investors.
BinaryX is a blockchain platform serving primarily in the GameFi and Metaverse fields. The platform was established to develop and launch blockchain-based games.
BinaryX is the power behind popular blockchain games such as CyberChess, CyberDragon, and CyberLand, and these games run on BNB Chain.
BinaryX not only develops games but also offers Initial Game Offering (IGO) services, allowing game developers to launch their projects on the platform and giving users early access to innovative games.
*This is not investment advice.
