🔔 Preface:
BinaryX, a leading innovator in the Web3 gaming space, recently announced the launch of an important community vote to destroy up to 74% of the total supply of BNX tokens.
This move aims to significantly increase the scarcity and value of the token, thereby promoting the healthy development of the BNX token economic system. All BNX token holders have the right to participate in this vote, and the specific time will be announced through BinaryX official channels.
1️⃣ What is BinaryX?
BinaryX was originally a decentralized derivatives contract platform based on Binance Smart Chain (BNB Chain) and Ethereum, which adopted an improved automatic market maker (AMM) model to allow users to trade Binary options. On this platform, both option buyers and automatic market makers (AMM) can obtain BinaryX network tokens (BNX).
In addition, users who hold and lock BNX tokens can also receive dividends from BinaryX network profits. With the rise of the Metaverse and GameFi, BinaryX has gradually transformed into a developer and publisher of decentralized game applications, committed to providing users with an immersive Web3 gaming experience.
2️⃣ Core Game:
🔸 CyberLand: An open world MMO game set in the CyberDragon universe. Players can collect resources, build buildings, form alliances, and expand their territory through war. Resources and items in the game can be traded to form a decentralized economic system.
🔸 Project Matthew: A space simulation game that combines strategy with a "play and earn" mechanism. Players can use the in-game Matthew Coin ($MC) to perform operations such as recruiting soldiers, upgrading laboratories, etc. to improve their strength.
3️⃣ $BNX token and economic model:
The BinaryX ecosystem revolves around the BNX token. BNX is the core cryptocurrency of the platform, driving key functions such as gaming, fund allocation, DAO governance, and IGO development. Earlier, the BinaryX community passed a proposal to split the BNX token 1:100 to lower the entry barrier for users and expand the user base. Currently, the platform is advancing a new token destruction plan and entering a new deflationary mode to enhance the long-term value of the token.
4️⃣ Community and Ecology:
As one of the top ten projects on BNB Chain, BinaryX has more than 100,000 token holders and 30,000 active wallet addresses. In addition, BinaryX is also one of the most traded metaverse projects on BNB Chain, with a market value of more than $200 million. Despite the bear market, the BNX token is still performing strongly.
BinaryX focuses on building a player-centric GameFi economy, where players can experience a full range of gaming services from investment to mining on the platform. In addition, BinaryX also has its own launchpad to help developers build new and interesting games, and provides comprehensive technical support, fundraising, and community building.
🎯 Summary:
BinaryX's token destruction plan marks another major innovation in the Web3 gaming field, reflecting the platform's strategic adjustment in the token economic model. By reducing the token supply, BinaryX not only aims to increase the market value of BNX, but also lays a solid foundation for the long-term development of the platform.
PS: Friends passing by, please help me click on my homepage to vote!
🤝 Thank you everyone！
