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ALEX Lab submits a governance proposal to shift the token model toward a deflationary mode
Odaily Planet Daily News: ALEX Lab Foundation has submitted Governance Proposal AGP-8, which plans to make structural adjustments to the ALEX protocol, including halting ALEX community token emissions, shutting down the treasury allocation plan TGP, and introducing a protocol-driven token buyback and burn mechanism. Currently, the circulating supply of ALEX is approximately 973 million tokens, approaching the 1 billion token cap.
If the proposal is approved, the next 32 cycles will be the final emission cycles for ALEX, after which there will be no new token emissions. About 1.57M STX remain unclaimed in the TGP 2024 treasury; after a 30-day grace period, the ALEX Lab Foundation will use these funds to buy back and burn ALEX tokens at market price. Future protocol revenues, after covering operational costs, will also be used for continuous buybacks and burns. This proposal aims to shift ALEX from an inflationary model to a deflationary model.