BinaryX to Propose Governance to Eradicate 74% of BNX Supply for Deflationary Economy

IconCryptoNewsTerminal Staff17 Jul, 2024

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BinaryX to Propose Governance to Eradicate 74% of BNX Supply for Deflationary Economy

BinaryX, the GameFi and Initial Game Offering (IGO) platform, has unveiled plans to propose a governance proposal via X to incinerate up to 74% of the BNX supply. This move is part of BinaryX's strategy to establish a new deflationary economic model, promoting scarcity and enhancing the value of the remaining BNX tokens. The platform has emphasized that a voting date for the proposal has yet to be determined. However, the announcement has sparked considerable interest within the BinaryX community, as it has the potential to significantly reduce the circulating supply of BNX, thereby increasing its scarcity and perceived value. BinaryX has consistently demonstrated its commitment to innovation and community engagement. This proposed governance initiative underscores the platform's dedication to fostering a sustainable and robust ecosystem for its users.

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