BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX. BinaryX began as a decentralized derivative trading system. Recognizing the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralized video games and is now fully transitioning to be a GameFi platform offering IGO services to bridge Web2 developers to Web3.

Some of the services provided by BinaryX includes infrastructural support, a DAO governance system, and community building to scale promising gamefi projects and bring more innovation to the blockchain gaming sector.

Despite the fact that Binance Labs backed the project itself, the developers behind BinaryX are anonymous. However, during an interview with Binance, they revealed that they were a team made up of international backgrounds and a number of senior blockchain experts.

Supposedly, the team members have experience building centralized and decentralized exchanges and managing derivative assets of more than $100 million.

The developer team on BinaryX aims to redefine what gaming looks like in the GameFi industry. The key focus for BinaryX is to create a sustainable economic model for our games, building upon the existing ecosystem and adding more fun gaming experiences in the space.

As a GameFi platform, BinaryX has made CyberDragon and CyberArena, two top games on the BNB Chain.

In September 2022, BinaryX launched CyberChess, an auto battler strategy game that is inspired by the game Autochess. CyberChess has a firmer structure, greater playability, and the most complete mechanism of any game that BinaryX has ever done, and signifies the transition from play-to-earn (P2E) to a free-to-play, play-and-earn game.

To further add value as a GameFi industry player, BinaryX is in the midst of becoming an IGO platform that provides a comprehensive suite of solutions to incubate, enable, and empower aspiring GameFi developers. This comes in the provision of better and more tailored resources for developers that are facing roadblocks in their project runway. At the time of writing, BinaryX has just launched its first IGO project — SHIT IGO, with more IGOs to come.

For more information about BinaryX and their games, please visit www.binaryx.pro

Binary X provides close to no information about its tokenomics on its website. According to public sources, BNX has a maximum supply of 21 million tokens. Tokens obtained during the genesis mining event automatically receive lock-up dividends. After the mining period, rewards will be unlocked. BNX is distributed as follows:

• 33.33%: Genesis mining reward
• 26.67%: Initial BNX/BUSD trading pair liquidity
• 30%: Marketing and LP Reward Reserve
• 10%: Team

However, there is no information provided about vesting periods. The circulating supply at the time of writing is just over 2 million BNX.

BNX is a BEP-20 token on the Binance Smart Chain. BNX was audited by Certik and received an excellent security score of 83. In an interview, the BinaryX team stated that it chose Binance Smart Chain because of its lower costs, faster confirmations, and greater chain bandwidth, which are all indispensable for an MMORPG game.

BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.

BNX is available on Binance, Mandala Exchange, ZT, Gate.io and CoinW.

The all-time high of BNX was 1.84 USD on 2023-02-24, from which the coin is now down 39.13043478260869%. The all-time high price of BinaryX (BNX) is 1.84. The current price of BNX is down 39.13043478260869% from its all-time high.

As of , there is currently 366.42M BNX in circulation. BNX has a maximum supply of 2.10Bn.

The current market cap of BNX is 409.02M. It is calculated by multiplying the current supply of BNX by its real-time market price of 1.12.

The all-time low of BNX was 0.23098005 , from which the coin is now up 384.89036174336275%. The all-time low price of BinaryX (BNX) is 0.23098005. The current price of BNX is up 384.89036174336275% from its all-time low.

BinaryX (BNX) has a market capitalization of $409.02M and is ranked #181 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze BinaryX (BNX) price trends and patterns to find the best time to purchase BNX.