BinaryX plans to burn 74% of BNX tokens to increase scarcity and long-term value

From Investing.com

July 17, 2024 3:30 AM:

BinaryX, a Web3 games developer, proposes reducing BNX token supply by 1.62 billion, bringing the new cap to 580 million. The aim is to increase scarcity and long-term value for the community. The reduction aims to eliminate unminted tokens and create a deflationary model for holders, enhancing utility. Voting details will be announced soon for community participation. Transparency is a priority for BinaryX throughout the process.

Read more at Investing.com: BinaryX Announces Historic Vote to Burn 74% of BNX Tokens By Chainwire