ALEX Lab submits a governance proposal to shift the token model to a deflationary mode
By: rootdata|2026/05/20 04:45:03
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The ALEX Lab Foundation submitted governance proposal AGP-8, which plans to make structural adjustments to the ALEX protocol, including stopping 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, close to the cap of 1 billion tokens.
If the proposal is approved, the next 32 cycles will be the final ALEX emission cycles, after which there will be no new token emissions. Approximately 1.568 million 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 will also be used for ongoing buybacks and burns after covering operational costs. This proposal aims to shift ALEX from an inflationary model to a deflationary model.
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