The Good Tech Companies - BinaryX Announces Historic Vote To Burn 74% Of BNX Tokens

Episode Date: July 17, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/binaryx-announces-historic-vote-to-burn-74percent-of-bnx-tokens. The current game output will remain unchanged, with future rewards after reaching the supply cap distributed as community incentives from the team's share. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #binaryx, #chainwire, #press-release, #binaryx-announcement, #web3gaming, #crypto-investing, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. BinaryX announces historic vote to burn 74% of BNX tokens. By Chainwire. Singapore, Singapore, July 17, 2024, Chainwire, BinaryX, a leading developer and publisher for Web3 games, today announced a community vote to reduce the total supply of its BNX token. This initiative aims to increase the token scarcity and long-term value for the benefit of the BinaryX community. Proposed reduction of BNX token supply cap BinaryX invites all community members to participate in a crucial vote to determine the future trajectory of the

project. The proposal seeks to reduce the maximum supply of BNX tokens by 1.62 billion, bringing the new cap down to 580 million. The current game output will remain unchanged, with future rewards after reaching the supply cap distributed as community incentives from the team's share. BNX to enter new deflationary model according to the team, the primary purpose of this vote is to decrease the potential market supply of BNX tokens by eliminating un-minted ones. The action is expected to enhance the token's utility through a greatly reduced token supply, consequently allowing BNX to enter a new deflationary model for holders. Voting details and participation The official voting period will be announced by the BinaryX team via their official media and community channels. To participate, BNX holders will need to visit

the voting page from the official voting period and connect their wallets to cast their vote. Binarix's commitment to transparency. BinaryX prioritizes transparency throughout the voting process and will disclose the results upon completion, says Julio, head of growth at BinaryX. The team is committed to fostering a fair, transparent, and sustainable project for the long term. The team emphasized the importance of community participation, highlighting that every vote counts and will directly influence the direction of the project. About BinErix BinaryX is a leading Web3 gaming platform dedicated to creating immersive and engaging gaming experiences like iHero and Pancake Mayor. Built on the BNB chain, BinaryX leverages the latest technologies like blockchain and AI to provide players with unique opportunities

to own in-game assets, participate in decision-making processes, and experience the true potential of Web3 gaming. For more details and information about BinaryX, user scan visit www.binarix.pro. Users can also find more about BinaryX on social media. BinaryX, Discord, Twitter, Telegram, YouTube, Medium, contact BinaryX Marketing at Binarix.pro. TipThis story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. And thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.