Singapore, Singapore, July 17th, 2024, Chainwire
Leading Web3 game developer and publisher, BinaryX, has unveiled plans for a community ballot to decrease the overall circulation of its BNX tokens. The objective behind this move is to enhance the token’s rarity and potential worth within the BinaryX community in the long run.
Proposed Reduction of BNX Token Supply Cap
Community members are warmly welcomed by BinaryX to take part in a significant vote that will shape the project’s direction moving forward. This proposal aims to decrease the total supply of BNX tokens by 1.62 billion, thereby setting the new limit at 580 million. The current reward system for playing games will stay the same, while incentives for the community after reaching the token cap will be distributed from the team’s share.
BNX to Enter New Deflationary Model
The team explains that the main objective of this vote is to eliminate uncirculated BNX tokens from the market, thereby reducing the total supply. This move is anticipated to boost the token’s value and functionality by creating scarcity, leading BNX into a deflationary phase for its holders.
Voting Details And Participation
During the specified timeframe, the BinaryX team will reveal the commencement of the voting process through their authorized communication platforms. In order to take part, BNX token owners must navigate to the designated voting site during this time and link their digital wallets to submit their votes.
BinaryX’s Commitment to Transparency
According to Julio, Head of Growth at BinaryX, “Transparency is a priority for BinaryX during the voting procedure, and we will make the results known once they are finalized.” The team is dedicated to creating an equitable, clear, and enduring project.
The team underscored the significance of community involvement, stressing that each vote carries weight and plays a crucial role in shaping the project’s course.
About BinaryX
“BinaryX stands out as a premier Web3 gaming destination, known for developing captivating and interactive games such as Ai Hero and Pancake Mayor.”
On the BNB Chain, BinaryX employs advanced technologies such as blockchain and artificial intelligence to offer gamers exclusive chances to acquire in-game possessions, influence game governance, and unlock the full capabilities of Web3 gaming.
For more details and information about BinaryX, users can visit www.binaryx.pro
For further information regarding BinaryX, users have the option to explore its social media presence. Here are the platforms where they can find updates and interactions:
Contact
BinaryX
marketing@binaryx.pro
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2024-07-17 10:12