Singapore, Singapore, February 9, 2023, Chainwire
BinaryX, a Gamefi and IGO platform, today announced that it will split its token, BNX. The decision was made after the project team held a DAO vote and received overwhelming unanimous support (99.5%) to proceed with the split. The exact timing of the split will soon be announced on BinaryX’s social media and community channels.
BNX is the platform token of BinaryX and is used as a utility token for all activities in the BinaryX ecosystem, including in games and for the incubation fund. This decision to split the token is expected to lower the threshold for overall spending, increase the acceptance of the token by new users, and therefore, increase the adoption of BNX by a wider audience.
“Last year, BinaryX has seen an increase in adoption in many parts of the world, and our product range has expanded significantly. We have assessed the current market situation and concluded that the current price of BNX per unit could be optimized to better promote the business model and products of BinaryX. We are confident that our community is behind us in this decision. The new name of BNX will undoubtedly have a positive impact, providing new scenarios of utility and consumption, and driving the wider adoption of BNX,” said Rudy, Head of Growth at BinaryX.
Once the BNX is exploded, all consumption scenarios from the old BNX will be transferred to the new BNX. The breakdown will have the same effects on in-game and/or release scenarios (e.g. CyberChess weekly prize, hero prizes).
As of Feb. 9, BNX is priced at $114.5, according to data from CoinCheckup.
BinaryX unveils new games and plans to push VR/AR games through its IGO platform in 2023:
Apart from the BNX token division, the BinaryX team also unveiled their plans to expand their plethora of gaming offerings. They will share a preview of a long-awaited update to their flagship game, CyberDragon, and a new offering, Project M. The team also expressed plans to introduce virtual reality (VR) games and augmented reality (AR) into their product line later this year and are actively receiving applications from VR projects to provide fundraising support and consulting services. Updates will be regularly shared on BinaryX’s social media and community channels, such as Twitter and Discord.
“To speed things up even more this year for our users, we’ll be releasing a series of new games and game updates throughout the year, including an update for CyberDragon. We’ll be releasing previews very soon. of some of our games, so stay tuned. As always, we thank our holders for their invaluable support and look forward to revealing all of our exciting plans in 2023,” Rudy said.
About BinaryX
BinaryX is the GameFi platform behind play-to-earn games CyberDragon And Cyberchessboth of which operate on the BNB channel.
BinaryX started out as a decentralized derivative trading system. The team has gradually evolved into decentralized video game development and is now transitioning into a GameFi platform offering IGO services to link Web2 developers to Web3.
As one of the top 10 projects on the BNB chain, BinaryX has a large community of over 100,000 coin holders and 30,000 monthly active wallets. It is also one of the best metaverse projects in terms of transaction volume on the BNB chain, with over 250 million in market capitalization. BinaryX also has a token, BNX, which has consistently demonstrated strong performance despite the bear market.
For more details and information about BinaryX, please visit:
BinaryX website | Medium BinaryX | About BinaryX game
Our social networks: Discord | Telegram | Twitter
Discover our games on our website And Youtube
Contact
Communications Manager
Sam K
BinaryX
marketing@binaryx.pro
