BinaryX, a developer of Web3 games, has announced a community referendum to decrease the overall quantity of its BNX coin. The objective of the proposal is to enhance the scarcity of the token and its long-term worth, ultimately benefiting the BinaryX community.
The proposal aims to decrease the total number of BNX tokens by 1.62 billion, resulting in a new maximum limit of 580 million. The existing game output will remain unaltered, but forthcoming awards will be allocated as community incentives derived from the team’s portion.
The main objective of this vote is to reduce the future market supply of BNX tokens by deleting unminted ones. This would enhance the token’s utility and enable it to adopt a new deflationary model for holders.
The BinaryX team will announce the formal voting period through their official media and community channels. The team underscores the significance of community engagement, emphasizing that each vote carries weight and will directly shape the trajectory of the initiative.
