BNX is the foundational cryptocurrency of the BinaryX ecosystem, aiming to redefine the GameFi industry and offering a variety of games and IGO services.
BNX Introduction
BinaryX (BNX) is the foundational cryptocurrency of the BinaryX ecosystem, encompassing the DAO and all products and games utilizing BNX. BinaryX began as a decentralized derivatives trading system, but with the rise of GameFi and metaverse games, the team gradually shifted to developing decentralized video games. They are now transitioning into a full-fledged GameFi platform offering IGO services to bridge Web2 developers to Web3.
The services provided by BinaryX include infrastructure support, a DAO governance system, and community building aimed at scaling promising GameFi projects and bringing more innovation to the blockchain gaming sector. This multifunctional platform supports game development and fosters the overall growth of the decentralized gaming ecosystem.
BNX Tokenomics
Ticker: BNX
Chain: BSC
Contract Address: 0x5b1f874d0b0C5ee17a495CbB70AB8bf64107A3BD
Max Supply: 21,000,000
Tokens obtained during the genesis mining event automatically receive lock-up dividends, with rewards unlocking after the mining period. The distribution of BNX is as follows:
33.33%: Genesis mining rewards
26.67%: Initial BNX/BUSD trading pair liquidity
30%: Marketing and liquidity rewards reserve
10%: Team
BNX holders can interact directly with project members through the DAO, social, and community channels. BNX supports 24/7 fast transactions and low gas fees and is used in various in-game consumption scenarios, providing an immersive gaming experience for players.
Founders of BinaryX
The BinaryX development team remains anonymous. In an interview, they revealed that the team consists of experienced blockchain experts from various countries. They have experience in building centralized and decentralized exchanges and managing derivative assets worth over $100 million. This international background and professional expertise lay a solid foundation for the success of the BinaryX project.
What Makes BinaryX Unique
The BinaryX development team is dedicated to redefining the gaming experience in the GameFi industry. The key focus for BinaryX is to create a sustainable economic model while adding more enjoyable gaming experiences within the existing ecosystem.
As a GameFi platform, BinaryX previously launched two top games on the BSC chain—CyberDragon and CyberArena. In September 2022, BinaryX introduced CyberChess, an auto-battler strategy game inspired by Autochess. CyberChess features a more refined structure, higher playability, and the most comprehensive mechanics BinaryX has developed to date, marking a shift from play-to-earn to free-to-play, play-and-earn.
To further enhance the value in the GameFi industry, BinaryX is becoming an IGO platform, offering comprehensive solutions to incubate, support, and empower aspiring GameFi developers. BinaryX provides better and more tailored resources for developers facing project development bottlenecks. BinaryX has just launched its first IGO project—SHIT IGO, with more IGOs planned.
BinaryX's game portfolio includes top titles like AI Hero, Pancake Mayor, CyberChess, and CyberDragon, each designed to deliver an immersive and exciting Web3 gaming experience.
Network Security of BinaryX
BNX is a BEP-20 token on the BSC. Audited by Certik, BNX received an excellent security score of 83. In an interview, the BinaryX team stated that they chose BSC for its lower costs, faster confirmations, and greater chain bandwidth, which are crucial for MMORPG games.
BSC is secured through a proof-of-stake consensus mechanism. Every 24 hours, 21 validators are elected to validate transactions and maintain blockchain security. These validators must stake a certain amount of BNB tokens on Binance to qualify.
Official Links of BNX
Website: https://www.binaryx.pro/
Twitter: https://twitter.com/binary_x
Discord: https://discord.gg/WTwGZEAqnV
Telegram: https://t.co/kx9H3FjbB5
Steps to Buy BNX on LBank
Purchasing BNX tokens on the cryptocurrency exchange platform LBank is straightforward. Here's a step-by-step guide:
1. Log into your account: Ensure you're registered and logged into your LBank account, then click the "Trade" option in the top menu bar to start the trading process.
2. Search for BNX: Use the search function within the trading platform to find "BNX", locate the trading pair, such as BNX/USDT, and click to enter its dedicated page.
3. Place an order: In the BNX/USDT trading page's spot trading area, enter the amount of BNX you wish to buy. If you want to complete the purchase immediately at the current market price, select a market order and then click the "Buy" button.
4. Confirm the order: A confirmation window will pop up. After verifying the order details are correct, confirm to place your order. Once the transaction is successful, the purchased BNX will automatically be deposited into your LBank spot wallet.
