Singapore, Singapore, July 17th, 2024,
Chainwire
BinaryX, a 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.
Proposed Reduction of BNX Token Supply Cap
BinaryX invites all community members to participate in a
crucial vote to determine the future trajectory of the project. The
proposal seeks to reduce the maximum supply of BNX tokens by 1.62
billion, bringing the new cap down to 580 million. The current game
output will remain unchanged, with future rewards after reaching
the supply cap distributed as community incentives from the team's
share.
BNX to Enter New Deflationary Model
According to the team, the primary purpose of this vote is to
decrease the potential market supply of BNX tokens by eliminating
unminted ones. The action is expected to enhance the token's
utility through a greatly reduced token supply, consequently
allowing BNX to enter a new deflationary model for holders.
Voting Details And Participation
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.
BinaryX’s Commitment to Transparency
“BinaryX prioritizes transparency throughout the voting
process and will disclose the results upon completion,” says Julio,
Head of Growth at BinaryX. “The team is committed to fostering a
fair, transparent, and sustainable project for the long
term.”
The team emphasized the importance of community participation,
highlighting 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
immersive and engaging gaming experiences like Ai Hero and Pancake Mayor.
Built on the BNB Chain, BinaryX leverages the latest
technologies like blockchain and AI to provide players with unique
opportunities to own in-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 about BinaryX on social media: BinaryX | Twitter | Discord | Telegram | YouTube | Medium
Contact
BinaryX
marketing@binaryx.pro