ALEX Lab proposes to shift the protocol to a deflationary model

ALEX Lab Foundation has submitted governance proposal AGP-8, which plans to stop ALEX community token emissions, terminate the Treasury Grant Program (TGP), and introduce a token buyback and burn mechanism. Currently, ALEX has a circulating supply of approximately 973 million tokens, close to the 1 billion token cap. If the proposal passes, the next 32 cycles will be the final token emission periods. About 1.568 million unclaimed STX remain in the TGP 2024 treasury, which will be used to buy back and burn ALEX tokens at market price after a 30-day grace period. After covering operating costs, protocol revenue will also be continuously used for buyback and burn.