What are the potential benefits of BNX's deflationary stage for its holders
The proposed 74% burn of the BNX token supply by the BinaryX team is expected to drive deflationary pressure and increase the token's scarcity. Some key benefits of BNX entering a deflationary stage for its holders include:
- Appreciation in the coin's value: Reducing the token supply will increase its scarcity, leading to higher demand and driving up the price of BNX.
- Increasing profitability for investors: As the BNX token becomes more scarce, investors who hold the token are likely to see greater returns on their investment.
- Removing excess tokens from circulation: The burn will eliminate unminted BNX tokens, cleaning up the token supply and improving the overall health of the BinaryX ecosystem.
Overall, the deflationary measures being taken by the BinaryX team are aimed at boosting the long-term value and sustainability of the BNX token for its holders.
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