ALEX Lab submits a governance proposal to shift the token model toward a deflationary mode

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Mars Finance News, ALEX Lab Foundation has submitted Governance Proposal AGP-8, which plans to make structural adjustments to the ALEX protocol, including stopping 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, close to the 1 billion token cap. If the proposal passes, the next 32 cycles will be the final ALEX emission cycles, after which there will be no new token emissions. About 1.57M STX remain unclaimed in the TGP 2024 treasury, and 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 revenue, after covering operational costs, will also be used for continuous buybacks and burns. This proposal intends to shift ALEX from an inflationary model to a deflationary model.

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