According to Odaily Planet Daily, the BinaryX team launched an important community vote today: it plans to give back 97.8% of the tokens held by the team to the community and plans to significantly reduce the total supply of BNX tokens.

This move aims to significantly increase the scarcity and value of each token, further enhancing the health of the BNX token economic system while promoting the prosperity of the ecosystem.

Earlier news, BinaryX announced that it would conduct an important community vote to destroy 74% of the total supply of BNX tokens to enter a deflationary economic model.