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About BinaryX
Key Points
- BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem.
- BinaryX began as a decentralized derivative trading system and evolved into a GameFi platform.
- The team behind BinaryX is anonymous, but they have experience building centralized and decentralized exchanges and managing derivative assets of over $100 million.
- BinaryX aims to create a sustainable economic model for games and has developed games like CyberDragon and CyberArena.
- BinaryX is transitioning to an IGO platform to incubate, enable, and empower aspiring GameFi developers.
- BNX has a maximum supply of 21 million tokens, with a circulating supply of over 2 million BNX
About BinaryX: Pioneering the Future of Gaming and Blockchain
Introducing BinaryX ($BNX): A Comprehensive Overview
BinaryX ($BNX) serves as the native cryptocurrency for the BinaryX ecosystem, encompassing the DAO and an array of products and games that leverage $BNX. Initially conceived as a decentralized derivative trading system, BinaryX has undergone a transformative evolution, driven by the surging popularity of GameFi and the burgeoning interest in metaverse gaming. The team has since shifted its focus towards developing decentralized video games, and is now poised to fully transition into a comprehensive GameFi platform, offering Initial Game Offering (IGO) services that facilitate the seamless transition of Web2 developers into the Web3 realm.
BinaryX offers a comprehensive suite of services, encompassing infrastructural support, a decentralized autonomous organization (DAO) governance system, and community building initiatives, all designed to propel promising GameFi projects forward and drive innovation within the blockchain gaming ecosystem.
The Visionaries Behind BinaryX: Meet the Founders
Notwithstanding the backing of Binance Labs, the masterminds behind BinaryX have chosen to remain anonymous. Nevertheless, in an exclusive interview with Binance, they divulged that their team comprises individuals from diverse international backgrounds, boasting a plethora of seasoned blockchain experts.
Notably, the team boasts members with a proven track record of developing both centralized and decentralized exchanges, as well as successfully managing derivative assets exceeding $100 million in value.
Unveiling the Uniqueness of BinaryX
The visionary developer team at BinaryX is poised to revolutionize the gaming landscape in the GameFi industry. By designing a sustainable economic model, they seek to elevate the existing ecosystem, injecting fresh excitement and innovative gaming experiences into the space.
As a pioneering GameFi platform, BinaryX has successfully spawned two flagship titles, CyberDragon and CyberArena, which have risen to prominence as top-performing games on the BNB Chain.
In September 2022, BinaryX unveiled CyberChess, a captivating auto battler strategy game drawing inspiration from Autochess. Notably, CyberChess boasts a more robust structure, enhanced playability, and the most comprehensive mechanism of any game developed by BinaryX to date, marking a significant shift from play-to-earn (P2E) to a free-to-play, play-and-earn gaming experience.
To further augment its value proposition as a prominent GameFi industry player, BinaryX is poised to evolve into a comprehensive IGO platform, furnishing a multifaceted suite of solutions designed to incubate, empower, and nurture aspiring GameFi developers. This strategic move aims to provide developers with more targeted and sophisticated resources, thereby alleviating the roadblocks that often hinder project momentum. Notably, BinaryX has recently launched its inaugural IGO project, SHIT IGO, with a pipeline of forthcoming IGOs slated for release.
Discover more about BinaryX and their captivating games by visiting
www.binaryx.pro
.
What Is the Circulating Supply of BinaryX (BNX) Coins?
Binary X remains tight-lipped about its tokenomics on its official website.
However, according to publicly available sources, the maximum supply of BNX tokens is capped at 21 million.
Notably, tokens acquired during the genesis mining event are subject to lock-up dividends, which will be automatically released after the mining period. The distribution of BNX is as follows:
- 33.33%: Allocation for Genesis Mining Rewards
- 26.67%: Provision for Initial Liquidity of BNX/BUSD Trading Pair
- 30%: Marketing and LP Reward Reserve Allocation
- 10%: Team Allocation
Notably, the vesting periods remain undisclosed. As of this writing, the circulating supply stands at slightly over 2 million BNX.
The BinaryX Network’s Robust Security Mechanisms
BNX is a BEP-20 token situated on the Binance Smart Chain, a deliberate choice driven by the need for a more efficient and cost-effective infrastructure. The token’s security has been rigorously audited by Certik, yielding an impressive score of 83. In a recent interview, the BinaryX team elaborated on their decision to opt for the Binance Smart Chain, citing its significantly lower costs, accelerated confirmation times, and increased chain bandwidth – all essential prerequisites for a seamless MMORPG gaming experience.
The Binance Smart Chain (BSC) is fortified by a proof-of-stake consensus mechanism, which ensures the integrity of the network. Every 24 hours, a cohort of 21 validators is elected to validate transactions and safeguard the blockchain’s security. To be eligible for this esteemed role, these validators must stake a predetermined amount of BNB coins with Binance.
Acquiring BinaryX (BNX): A Comprehensive Guide to Exchanges and Marketplaces
BNX is listed on prominent cryptocurrency exchanges, including Binance, Mandala Exchange, ZT, Gate.io, and CoinW, ensuring widespread accessibility and liquidity.
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