According to Odaily, the BinaryX team has initiated a significant community vote today. The proposal aims to redistribute 97.8% of the tokens held by the team back to the community and substantially reduce the total supply of BNX tokens. This move is intended to significantly increase the scarcity and value of each token, further enhancing the health of the BNX token economy and promoting the prosperity of the ecosystem.

Previously, BinaryX announced plans for an important community vote to burn 74% of the total BNX token supply to transition into a deflationary economic model.