BinaryX Proposes 1.62 Billion BNX Token Burn to Boost Scarcity and Value

July 18, 2024
BinaryX Proposes 1.62 Billion BNX Token Burn to Boost Scarcity and Value
  • Web3 gaming developer BinaryX announces a community vote to reduce the total supply of BNX token by 1.62 billion, setting a new cap at 580 million tokens.

  • The move aims to increase scarcity and long-term value of the BNX token without impacting game output, as future rewards will still be distributed as community incentives.

  • This initiative introduces a deflationary model for BNX holders, enhancing the token's utility.

  • BinaryX emphasizes transparency and community engagement throughout the voting process, inviting users to participate by connecting their wallets during the upcoming official voting period.

  • BinaryX is known for popular Web3 games like Ai Hero and Pancake Mayor, leveraging blockchain and AI technologies to enhance player engagement and asset ownership.

  • Interested parties can find more information on BinaryX's website and social media platforms.

Summary based on 3 sources


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