About BinaryX (BNX)
BinaryX is the decentralized project behind Play-to-Earn (P2E) web 3.0-based games like CyberDragon, CyberChess, Ai Hero, on the BNB chain.
BinaryX started as a decentralized derivative trading protocol and altered the project's direction to accommodate the GameFi boom. The project was launched in 2019 by a group of entrepreneurs, tech professionals, and marketing experts, according to information published by BinaryX. The platform offers various services such as infrastructural support, a DAO governance framework, and community development to enhance promising GameFi projects, aiming to drive innovation within the blockchain gaming industry.
BinaryX ($BNX) serves as the main cryptocurrency for the BinaryX ecosystem, encompassing the DAO along with all associated products and games that utilize $BNX. In the CyberDragon game, the cryptocurrency powers the gaming environment and is used in other peer-to-peer functions.
$BNX Token Split
In early 2023, the BinaryX team opted to split the BNX token to enhance their economic model and product offerings. This strategy aimed to lower the entry barriers to the BinaryX ecosystem, thereby boosting BNX adoption among a wider audience. A DAO vote was conducted to authorize the split, with an overwhelming 99.5% of the community voting in favor. The token split was officially executed in late February 2023 and the token's ticker remained unchanged.
The BinaryX token is known by its token ticker, $BNX. The current price of BinaryX is updated and available in real-time on Binance.