Netmarble MaveX to Proceed with 67% Token Burn of Issued Tokens
Netmarble announced on the 27th that its blockchain-specialized subsidiary MARBLEX revealed plans to revamp the token economic system (hereinafter referred to as tokenomics) of the MBX ecosystem.
![[Photo by Netmarble]](http://www.asiae.co.kr/news/img_view.htm?img=2023062711043977431_1687831480.jpg)
As part of this revamp, MARBLEX will conduct a vote on whether to burn approximately 670 million tokens, out of the total issuance of 1 billion tokens, that have not been planned for use by MARBLEX.
The vote will be held from July 4th targeting holders of the membership non-fungible token (NFT) 'Marblership' and MBX tokens through the official community and the voting site Snapshot. The final decision on the burn will be made on July 10th. If consensus is reached in favor of burning, a precise burn schedule will be announced later.
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Additionally, MARBLEX plans to introduce an enhanced token burn policy and system starting from the third quarter. By expanding token utility based on the revamped game tokenomics, it aims to build a sustainable, transparent, and highly trustworthy ecosystem.
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