Today we continue to analyze two projects in the top 200 by market value, one is the blockchain game platform on BNX BNB, and the other is the DOG Bitcoin chain rune project. The first project, BinaryX, is also a blockchain game platform on BNB. It has increased three times in one year, with a market value of 400 million US dollars, and FDV is 1.6 billion US dollars, ranking 150+. We must talk about the projects that have entered the top 200.

Introduction

BinaryX is a GameFi and IGO platform, which currently has blockchain games such as CyberChess, CyberDragon, CyberLand, Matthew, etc. Currently, the platform games are also running on the BNB chain.

In addition to developing games, BinaryX has now evolved into a full-fledged GameFi platform, providing Initial Game Offering (IGO) services, giving game developers the opportunity to publish GameFi projects on its platform and giving users early access to innovative new games.

BinaryX’s GameFi Framework

In fact, there are four main parts: play, investment (IGO-game distribution platform, fund), mining (liquidity mining has not yet been released), and trading-market. In fact, the official website currently has four major functions. BinaryX also aims to provide developers with a range of services, including technical support, marketing resources and funds, to help them build and publish successful games. Overall, we will promote the development of innovative blockchain games and provide users with a more attractive and rewarding gaming experience.

Marketplace

BinaryX will build a more comprehensive GameFi platform, allowing players to trade GameFi assets of self-developed games and third-party games on the BinaryX platform.

The game asset trading platform will support the following functions:

Standard BEP-20 token transactions

Standard ERC-721 NFT transactions

Standard BEP-721 NFT transactions

Batch transactions of ERC-721 NFT protocol

GameFi Assets Auction

GameFi asset quote function

Powerful GameFi asset historical price query and statistics functions

Maker and Taker Functions

Development Roadmap

August 2021: CyberDragon goes live

September 2021: CyberDragon dungeon battle mode released

November 2021: Launch of PvP system and start of the first season of PvP

January 2022: BinaryX DAO is launched, becoming the first project in GameFi to introduce the DAO mechanism, aiming to effectively absorb and adopt the opinions of community members

February 2022: New economic model launched, CyberArena released and enters development phase, cyber heroes can enter the game for strategic battles

Second quarter of 2022: Launch CyberArena, a free card game in the Cyber ​​series. Players can form teams to defeat their opponents by arranging cards and developing strategies.

Q3 2022: Launch CyberChess, an automatic chess game. Players can become commanders and deploy troops. Cyber ​​heroes can freely combine to fight and defeat enemies on the grid battlefield.

Q4 2022: BNX token split

Fans data

Currently, there are 380,000 followers on Twitter and around 100,000 on Discord. According to the platform, there are 100,000 players on the platform.

Token Economic Model

BinaryX adopts a multi-token economic model, mainly including the platform token BNX and two sub-tokens Gold and Crystal. BNX is the universal settlement unit in all games and applications, and is also the governance token for key project decisions through DAO voting. BNX is only minted when players participate in the game, and the supply is capped at 21,000,000,000 (21 billion). In order to maintain a fair and transparent economic model, BNX has not been issued in pre-sales, private placements or IDOs, which is different from industry practice.

Gold is used for a variety of purposes in BinaryX games, such as hero upgrades, purchasing treasure chests and dungeon tickets. Crystal has a wider range of application potential, such as recasting equipment in games. Although the supply of Gold and Crystal is uncapped, their production and consumption are carefully balanced across all games on the platform, and their stability is the foundation of the entire ecosystem.

The current circulation of tokens is 557,634,185, with a circulation rate of 26%. The current exchange rate is 1.1 USD. The historical high is $1.8397 (2023-02-24). Needless to say, the token distribution has no pre-allocation and pre-sale, so it is still relatively fair. It is a completely play to erarn project.

2.DOG（runes）

The second project is DOG Rune, the third project of Rune. Its previous name was DOG GO TO THE MOON, because it was Rune before, and now it has changed to a token after the airdrop. The name has also been changed, but you can see that it is on the Bitcoin chain. The current market value is 700 million US dollars, ranking 100+, and it is also the first meme coin on Rune. In fact, there is nothing much to say about the Rune project, and I have said it many times before.

Currently, it has increased from the lowest point in May to the highest point, which is almost 5 times.

DOG Origin

$DOG’s journey began with a visionary move by @LeonidasNFT, who launched a groundbreaking “Runestone” airdrop to over 112,000 early adopters of Bitcoin’s Ordinals Protocol.

This historic event resulted in the mining of the largest Bitcoin block ever recorded, with the largest known inscription in the block space. Users only need to have an address with 3 inscriptions within the first 12 months of the Ordinal Protocol to be eligible for this airdrop. (The runes were not released before, and they were all promised airdrops.)

Free and fair culture

DOG’s advocacy for a transparent and fair distribution of cryptocurrency embodies an ideal of fairness that is often sought but rarely achieved in the crypto world.

- No pre-sale

- No team assignment

- No internal staff

- No paid KOL

- No paid promotional video

- I don't like whales

-100% free distribution

-100% circulating supply

- Will not pay CEX for listing

-No payments to market makers

Token Economy

The current total amount is 100 billion, and all have been circulated. The current price is around US$0.007, and the highest peak some time ago was US$0.0095.

Since the Bitcoin halving, the runes protocol was launched. This time, only DOG (runes) has increased a little, but in fact, we can see that the overall runes have not increased much, only the leading runestone has increased. So the overall market performance is not good, not as good as the inscription ecosystem, the top inscription ecosystem has increased well.

Finally, we have to summarize the next two projects. In fact, we can find that these two projects have the same characteristics - that is, there is no owner of the currency, all of which are produced by the players themselves, without pre-mining, pre-allocation, etc. We have talked about the characteristics of this type of project in several issues before, and found that now the leeks like this type of project. We have talked about a blockchain game platform on BSC called mobox before. I think the games on binaryX cannot compare with mobox, but mobox has fallen to 400+, so good projects and price comparisons are not necessarily proportional. The second project is the DOG rune project, and its current market value has exceeded that of the rune boss runestone. The current market value of 700 million US dollars is still a bit high. If you want it to increase 10 times to 7 billion US dollars, it feels a bit difficult. #内容挖矿