PANews reported on May 18th that the ALEX Lab Foundation submitted governance proposal AGP-8, proposing structural adjustments to the ALEX protocol, including ceasing ALEX community token issuance, closing the Treasury Grants Program (TGP), and introducing a protocol-driven token buyback and burn mechanism. Currently, the circulating supply of ALEX is approximately 973 million, close to the 1 billion limit. If the proposal passes, the next 32 cycles will be the final ALEX issuance cycle, after which no new tokens will be issued. Approximately 1.568 million STX tokens 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 prices. Future protocol revenue, after covering operating costs, will also be used for continued buybacks and burns. This proposal marks ALEX's shift from an inflationary to a deflationary model. Voting will take place from 10:00 AM on May 17th to 10:00 AM on May 31st (UTC+8).