BNX is about to enter a deflationary phase: a new chapter begins
BinaryX (BNX) announced that it is about to enter a deflationary phase, with plans to destroy 74% of the maximum supply of BNX. This move, supported by BNB Chain, aims to significantly increase token scarcity and value, thereby enhancing the sustainability of its economic model. BNX holders will have the opportunity to vote on this proposal, the specific date is to be determined.
Key highlights of BinaryX:
1. Initial Game Offering (IGO): BinaryX launched the 404 token through IGO, combining Web3 games and innovative economic models to provide holders with unique in-game rewards and experiences.
2. Games and Economic Systems: BinaryX's games include CyberDragon and CyberChess, both of which use P2E mechanisms. BNX tokens are used to trade hero NFTs and equipment in games. The platform's NFT market supports multi-chain transactions and provides a flexible in-game economic system.
3. Incubation Fund: BinaryX has established the Cyber Incubation Fund to support blockchain game and traditional game developers, provide resources and network support, and promote the development of the blockchain game ecosystem.
From the initial decentralized derivatives trading system to the powerful GameFi platform today, BNX has experienced alternating bull and bear markets but has always maintained a strong return. The upcoming deflationary policy not only enhances the intrinsic value of the token, but also lays a solid foundation for future development. With the advancement of this strategy, BNX is expected to usher in new glory in the crypto market.
