$BNX Poised for Over 500% Growth with Token Burn Initiative

BinaryX has introduced a plan to burn 74% of the $BNX maximum supply, marking a significant transition to a deflationary model. This strategy is designed to boost the scarcity and value of each BNX token, enhancing the sustainability of its economic framework.

👉Tokenomics Overview:

-Total Supply: 21 million BNX

-Circulating Supply: Approximately 2.6 million BNX

-Max Supply: 21 million BNX

👉Key Highlights:

-Proposal Details: The community will vote on the proposal to burn 74% of the $BNX max supply. The date for voting has not yet been set. If approved, the supply reduction will significantly impact BNX's tokenomics by reducing the total supply from 21 million to approximately 5.46 million.

👉Immediate Impact: Following the announcement, BNX's price jumped over 10% in one hour, rising from $1.42 to $1.64. Over the past 24 hours, it has climbed by more than 38%.

👉Current Trading:

BNX is currently trading at $1.62, with trading volume increasing by 125% to reach $62.8 million.

👉Historical Context:

BNX achieved an all-time high of $1.84 in February and is now just 13% below that peak.

This deflationary strategy is anticipated to significantly increase BNX's value, potentially pushing it beyond its previous all-time high and achieving a surge of over 500%. The burn is expected to transform BNX's tokenomics by drastically reducing supply, thereby increasing scarcity and demand.