BinaryX Announces Historic Vote to Burn 74% of BNX Tokens

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
[email protected]