ALEX plans to shift its token model to a deflationary model through three structural adjustments, and has opened proposal voting.

ALEX Lab Foundation has submitted governance proposal AGP-8, planning structural adjustments to the ALEX protocol. These include 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, nearing the 1 billion cap. If the proposal passes, the next 32 epochs will be the final ALEX emission periods, after which there will be no new token emissions. Approximately 1.568 million STX remain unclaimed in the TGP 2024 treasury. 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, after covering operational costs, will also be used for continuous buybacks and burns. This proposal marks ALEX's transition from an inflationary to a deflationary model. Voting is open from May 17th, 10:00 to May 31st, 10:00 (UTC+8).