BinaryX will conduct a 1:100 split of the BNX token, aiming to increase crowd adoption
BNX is the platform token of BinaryX, used for all activities within the BinaryX ecosystem.Author: BinaryX
GameFi and IGO platform, BinaryX today announced the split of its Token BNX. This decision was made after the project team voted with the DAO and received overwhelming support (99.5%). The exact timeline for the split will be announced soon on BinaryX's social media and community channels.
BNX is the platform Token of BinaryX, used for all activities within the BinaryX ecosystem, including in-game applications and the IGO incubation fund. This token split initiative is expected to lower the overall consumption threshold and increase new users' acceptance of the Token, thereby increasing the adoption rate of BNX among a broader audience.
Rudy, BinaryX's growth director, stated: "Last year, the adoption rate of BinaryX increased in many regions around the world, and our product line has significantly expanded. We assessed the current market situation and concluded that there is good optimization potential for the current price per unit of BNX to better promote BinaryX's economic model and products. We believe our community supports this decision. The new denomination of BNX will undoubtedly have a positive impact, providing new utility and consumption scenarios, driving BNX's international coverage and adoption rate."
Once BinaryX conducts the token split, all old BNX consumption scenarios will be transferred to the new BNX. The split will have the same impact on in-game and/or output scenarios (e.g., CyberChess weekly rewards, hero prices).
According to data from CoinMarketCap, as of February 9, 2023, the price of BNX was $114.55.
BinaryX Launches New Game and Plans to Launch VR/AR Games through Its IGO Platform in 2023
In addition to the token split, the BinaryX team has proposed plans to expand its game variety. They will share a brief introduction to the long-awaited flagship game CyberDragon and the new game Project M. The team also stated that they will introduce games centered around virtual reality (VR) and augmented reality (AR) technologies into their product line later this year and are actively accepting applications from VR projects, providing funding support and consulting services. Updates will be shared regularly on social media and BinaryX's community channels, such as Twitter and Discord.
Rudy stated: "To better serve our users, we will release a series of new games and game updates this year, including updates for CyberDragon. We will soon provide brief introductions to some games, so please stay tuned. As always, we appreciate the valuable support of our holders and look forward to revealing all of BinaryX's exciting projects in 2023."
About BinaryX
BinaryX is the GameFi platform behind the Play-to-Earn blockchain games CyberDragon and CyberChess, both of which are deployed on the BNB Chain.
BinaryX originally started as a decentralized derivatives trading system. The project team gradually evolved into developing decentralized video games and is now transforming into a GameFi platform, providing IGO services that connect Web2 developers with Web3.
As one of the top ten projects on the BNB Chain, BinaryX has a large community of over 100,000 token holders and 30,000 monthly active wallet addresses. It is also one of the largest metaverse projects by trading volume on the BNB Chain, with a market capitalization exceeding $200 million. The project token of BinaryX is BNX, which has continued to perform strongly despite the bear market.
For more details and information about BinaryX, please visit here.
BinaryX: Official Website, Medium, Twitter, Discord, YouTube.
