ALEX Lab Proposes Structural Adjustments to Token Emission

ALEX Lab Foundation has submitted governance proposal AGP-8, aiming to implement structural changes to the ALEX protocol. According to Odaily, the proposal includes halting the emission of ALEX community tokens, closing the Treasury Grant Program (TGP), and introducing a protocol-driven token buyback and burn mechanism. Currently, the circulating supply of ALEX is approximately 973 million tokens, nearing the cap of 1 billion. If approved, the next 32 cycles will mark the final emission period for ALEX tokens, with no new emissions thereafter. The TGP 2024 treasury holds about 1.568 million unclaimed STX tokens. After a 30-day grace period, ALEX Lab Foundation plans to use these funds to buy back and burn ALEX tokens at market prices. Future protocol revenue, after covering operational costs, will also be used for ongoing buybacks and burns. The proposal aims to shift ALEX from an inflationary to a deflationary model.