Today, the GameFi and IGO platform BinaryX revealed plans to split its BNX coin. The choice was decided when the project team conducted a DAO vote and received nearly complete unanimity (99.5%) in favor of carrying out the split. The precise split schedule will be made known via BinaryX’s social media and community channels shortly.
The utility token BNX serves as the platform for BinaryX and is used in all ecosystem activities, including games and the incubation fund. The decision to split the pass is anticipated to reduce the bar for overall spending, raise the token’s acceptability among new users, and thus increase the adoption of BNX among a larger audience.
All consumption scenarios for the old BNX will be carried over to the new BNX once separated. The split’s consequences on in-game and output circumstances will be the same (e.g., CyberChess Weekly Prize, Hero prices).
BinaryX’s 2023 plans
The BinaryX team also disclosed intentions to increase the number of games it offers in addition to the BNX token split. They will provide a sneak preview of Project M, a new game, and a long-awaited upgrade to their flagship title, CyberDragon. The team also stated that they planned to add VR and AR games to their product selection later in the year, and they are now receiving requests from VR projects for fundraising assistance and advising services. Regular updates will be posted on social media and through the community channels of BinaryX, like Twitter and Discord.
A deeper look into binary X
The play-to-earn games CyberDragon and CyberChess, which also utilize the BNB chain, are powered by the GameFi platform BinaryX. Decentralized derivative trading was the foundation of BinaryX. The group eventually began creating decentralized video games, which is currently changing to become a GameFi platform that provides IGO services to connect Web2 developers to Web3 technology.
With more than 100k coin holders and 30K monthly active wallets, BinaryX, one of the top 10 projects on the BNB Chain, has a sizable community. With a market cap of more than $250 million, it is also one of the top five Metaverse projects by trading volume on the BNB chain. In addition, BinaryX offers a coin called BNX that has consistently performed well despite the adverse market.