BNX Announces Historic Vote to Destroy 74% of BNX Tokens

BNX, a leading Web3 game developer and publisher, today announced a community vote to reduce its total supply of BNX. The move is intended to increase the scarcity and long-term value of the token for the benefit of the BNX community.

The proposal seeks to reduce the maximum supply of BNX by 1.62 billion, bringing the new cap down to 580 million. Current game output will remain unchanged, and future rewards after the supply cap is reached will be distributed from the team share as a community incentive.

The primary purpose of this vote is to reduce the potential market supply of BNX tokens by eliminating unminted BNX tokens. This move is expected to increase the utility of the token by significantly reducing the token supply, thereby putting BNX into a new deflationary mode for holders.