In a significant move, BinaryX has declared a vote to potentially eliminate 74% of BNX tokens from circulation.

Location: Singapore, Date: July 17, 2024, Source: Chainwire

BinaryX The renowned developer and publisher in the Web3 gaming sphere, BinaryX, has called upon its community to vote on a strategic proposal that aims to significantly cut down the total number of BNX tokens in circulation. This move is designed to boost the token’s rarity and long-term market value for the BinaryX user community.

Proposal for Lowering BNX Token Supply Limit

BinaryX is inviting everyone in its community to engage in a pivotal vote that will chart the future of the project. The proposal is set to reduce the total cap of BNX tokens by 1.62 billion tokens, thereby adjusting the maximum limit to 580 million. Meanwhile, the current output of the games will stay the same, with any future rewards after hitting this cap being allocated as community rewards from the team’s portion.

BNX to Enter New Deflationary Model 

The team clarifies that the main goal behind this vote is to shrink the potential circulating supply of BNX by removing unminted tokens. This approach is anticipated to enhance the token’s applicability, creating a significantly lower supply and ushering in a new deflationary model for current holders.

Voting Details And Participation

The official timeline for the voting process will be announced through BinaryX’s official media outlets and community platforms. For those wishing to vote, BNX holders should navigate to the voting page during the allocated period and link their wallets to make their choice.

BinaryX’s Dedication to Openness

Julio, BinaryX’s Head of Growth, stated, \"We make it a point to maintain transparency during the voting process and will share the results once the voting concludes.\" He emphasized the team's commitment to building a project that is fair, open, and sustainable for the long run.

The team also underscored the vital role of community involvement, noting that each individual vote carries weight and will directly shape the project’s future direction.

About BinaryX

BinaryX stands at the forefront of the Web3 gaming realm, aiming to craft immersive and captivating gaming experiences, such as... Ai Hero and Pancake Mayor .

Operating on the BNB Chain, BinaryX harnesses cutting-edge technologies—like blockchain and AI—to grant players unparalleled chances to possess in-game assets, take part in decision-making processes, and truly capitalize on the capabilities of Web3 gaming.

For more insights and information regarding BinaryX, users can visit... www.binaryx.pro   

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