BNX to bear 1:100 break up to present main enhance of investor confidence for BinaryX video games and merchandise

Singapore, Singapore, ninth February, 2023, Chainwire

BinaryX, a Gamefi and IGO platform, right this moment introduced it should break up its token, BNX. The choice was made after the mission group ran a DAO vote and acquired overwhelmingly unanimous help (99.5%) to conduct the break up. The precise timeline for the break up can be introduced on BinaryX’s social media and neighborhood channels quickly.

BNX is the platform token of BinaryX, and is used as a utility token for all actions on the BinaryX ecosystem, together with in video games and for the incubation fund. This transfer to separate the token is predicted to decrease the brink for total spending, to extend new customers’ acceptance of the token, and consequently improve the adoption of BNX in a broader crowd.

“Final 12 months, BinaryX skilled a rise in adoption in lots of areas of the world, and our product line up expanded considerably. We evaluated the market state of affairs at current and concluded that the present value of BNX per unit could possibly be optimized to higher promote BinaryX’s financial mannequin and merchandise. We’re assured that our neighborhood is behind us on this choice. The brand new denomination of BNX will undoubtedly have a constructive influence, offering new utility and consumption situations, and driving the broader adoption of BNX,” mentioned Rudy, Head of Progress at BinaryX.

As soon as BNX is break up, all consumption situations of the outdated BNX can be transferred over to the brand new BNX. The break up can have the identical results on in-game and/or output situations (e.g. CyberChess Weekly Prize, Hero costs).

As of Feb 9, BNX is priced at $100.5, in accordance with knowledge from CoinMarketCap.

BinaryX reveals new video games and plans to push VR/AR video games by way of their IGO platform in 2023:

In addition to the BNX token break up, the BinaryX group additionally unveiled plans to increase their plethora of recreation choices. They are going to be sharing a sneak peek of a long-awaited replace of their flagship recreation, CyberDragon, and a brand new providing, Challenge M. The group additionally expressed the intention to introduce digital actuality (VR) and augmented actuality (AR) video games into their product lineup later within the 12 months and is actively receiving functions from VR initiatives to supply fundraising help and advisory companies. Updates will commonly be shared on social media and in BinaryX’s neighborhood channels, corresponding to Twitter and Discord.

“To ramp issues up much more this 12 months for our customers, we can be releasing a sequence of recent video games and recreation updates throughout the 12 months, together with an replace for CyberDragon. We’re dropping sneak peeks of a few of our video games actual quickly, so please keep tuned. As at all times, we thank our holders for his or her invaluable help and we look ahead to revealing all our thrilling initiatives in 2023,” Rudy mentioned.

About BinaryX

BinaryX is the GameFi platform behind play-to-earn video games CyberDragon and CyberChess, each of which run on the BNB chain.

BinaryX started as a decentralised by-product buying and selling system. The group progressively advanced into growing decentralised video video games, and is now transitioning to changing into a GameFi platform providing IGO companies to bridge Web2 builders to Web3.

As one of many prime 10 initiatives on the BNB Chain, BinaryX has an unlimited neighborhood of greater than 100k coin holders and 30K month-to-month lively wallets. It is usually one of many prime few metaverse initiatives by buying and selling quantity on the BNB chain, with greater than 250 million in market cap. BinaryX additionally has a token, BNX, that has constantly demonstrated robust efficiency regardless of the bear market.

For extra particulars and details about BinaryX, please go to:

BinaryX Web site | BinaryX Medium | About BinaryX deck 

Our Socials: Discord | Telegram | Twitter

Take a look at our video games on our web site and YouTube

Contact

Communications Lead, Sam Okay., BinaryX, [email protected]