ALEX Lab Submits Governance Proposal to End Token Emissions and Introduce Buyback-and-Burn Mechanism

According to PANews on May 18, ALEX Lab Foundation submitted governance proposal AGP-8 to restructure the ALEX protocol through three measures: halting ALEX community token emissions, discontinuing the Treasury Grant Program (TGP), and introducing protocol-driven token buyback and burn mechanisms. The circulating ALEX supply currently stands at approximately 973 million tokens, nearing the 1 billion token cap. If approved, the next 32 epochs will mark the final emissions period before permanent cessation. The remaining 1.568 million STX from TGP 2024 will be repurchased and burned post-30-day claim period. Future protocol revenue, after operational costs, will also fund ongoing buybacks and burns. Voting runs from May 17, 10:00 UTC+8 to May 31, 10:00 UTC+8.