Svmuu reports that the ALEX Lab Foundation has submitted governance proposal AGP-8, which plans structural adjustments to the ALEX protocol, including halting ALEX community token emissions, 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 1 billion cap.
If the proposal is approved, the next 32 cycles will be the final ALEX emission cycles, after which no new token emissions will occur. Approximately 1.568 million STX tokens remain unclaimed in the TGP 2024 treasury. Following a 30-day grace period, the ALEX Lab Foundation will use these funds to buy back and burn ALEX tokens at market prices. Going forward, protocol revenue will also be used for ongoing buybacks and burns after covering operational costs. This proposal aims to transition ALEX from an inflationary model to a deflationary one.