Announcement: Result of Community Vote on $BNX Max Supply Adjustment

BinaryX
2 min readAug 5, 2024

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Dear BinaryX Community,

Based on the result of the community vote, we have decided to lower the max supply of $BNX tokens to 580 million. This adjustment means $BNX’s max supply cap will be reduced by 1.62 billion.

The existing in-game $BNX production mechanism will remain unchanged until the total output reaches the 580 million cap. Thereafter, future game output will be distributed as community rewards from the team’s share, BNX Ecological User Incentive Pool, ensuring continuous incentives and support for the community.

The distribution of the 580 million $BNX tokens is expected to be as follows:

• Market Circulation – 50%

• BNX Ecological User Incentive Pool – 26%

• BNX Ecological Fund – 17%

• BNX Team Assets – 7%

We will gradually disclose the execution results to ensure transparency throughout the entire process and promptly update community members with relevant information.

Thank you all for your participation and support. We look forward to embracing the future development of the $BNX ecosystem together.

About BinaryX:

BinaryX is a leading GameFi and IGO platform committed to delivering cutting-edge gaming experiences backed by blockchain technology.

Offering Initial Game Offering (IGO) services, BinaryX gives game developers the opportunity to launch their GameFi projects on their platform, and for users to get early access to innovative new games.

As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 30K monthly active wallets. With the token $BNX, BinaryX is also one of the top few metaverse projects by trading volume on the BNB chain, with a strong market cap.

For more details and information about BinaryX, please visit www.binaryx.pro

*End of Article*

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BinaryX
BinaryX

Written by BinaryX

A decentralized play-and-earn GameFi platform & IGO platform (Play CyberChess now: http://www.binaryx.pro/chess) (https://twitter.com/binary_x)

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