Web3 gaming platform, BinaryX (BNX) has proposed a 74% token burn leading to a new deflationary model. The community will vote on the token burn to reduce the maximum supply of the asset, a move considered bullish by the community. Initial positive sentiments have trailed the announcement on crypto spaces as bulls hope to capitalize on the uphill drive.
BinaryX Price Soars 38%
BinaryX has recorded a significant price uptick in the last 24 hours due to on-chain activity, crypto market upticks, and a community proposal. The price of the asset is up 38% over the past day with strong midday volumes. Trading at $1.65, BNX has surged 40.5% in the last seven days with a higher monthly figure of 64.27%.
BNX will enter a deflationary stage SOON, powered by @BNBCHAIN!
Attention all $BNX holders, we are proposing to burn 74% of the BNX max supply, marking a significant shift to a new deflationary economic model.
This move is designed to greatly increase the… pic.twitter.com/NdPgVeIaQI
—
We współpracy z: https://coingape.com/binaryx-price-jumps-38-following-74-token-burn-proposal/
