What is BNX Token?
It is the native token of the BinaryX platform. It is used as the local in-game currency in games available on BinaryX's GameFi platform. For example; If you want to have a character in CyberDragon, you can perform your transaction using BNX tokens.
What are the Usage Areas of BNX Token?
BinaryX platform has built a multi-token economic model consisting of three tokens: BNX, Gold and Crystal. Gold and Crystal function in the economic model created as binary alt tokens. The usage areas of BNX token, which was developed as the main platform token, are as follows:
BNX token holders participate in communities and have the right to contribute to the development of the community by voting.
You can use it as a settlement unit in all games and applications in BinaryX.
BinaryX treasury is available to BNX token users.
By staking BNX, users earn regular rewards based on a percentage of their treasury assets.
The BNX token is bought, sold and traded on cryptocurrency exchanges as an investment tool.
Who are the Founders of BinaryX (BNX)?
The founder of the BinaryX platform is unknown. Because the developers behind the project are anonymous. In a statement made by the founders; They announced that they are a team of technology professionals with many years of experience in various fields, including blockchain technology.
What Components Does the BinaryX Platform Include?
GameFi Platform: Consists of multiple self-developed P2E games of different genres, such as CyberDragon, CyberArena and CyberChess.
Asset Marketplace: Multi-asset marketplace powered by BNX for users to trade NFTs on a fully decentralized platform.
IGO Launchpad: A blockchain game launchpad focused on Metaverse development. Fundraising platform with marketing, tokenomic remodeling and design expertise and over 100,000 BNX token holders.
BNX Token: BNX is the governance token, while GOLD, the usage token, is required in most consumption scenarios.
How Many BinaryX (BNX) Coins Are in Circulation?
There is not much information about the tokens on the website. However, according to available sources, BNX has a maximum supply of 21 million tokens. Tokens obtained during the Genesis mining event automatically receive lock-in dividends. Rewards will be unlocked after the mining period.
Distribution of BNX:
33.33%: Genesis mining reward
26.67%: First BNX/BUSD trading pair liquidity
30%: Marketing and LP Reward Reserve
10%: Team
However, no information is provided about vesting periods. At the time of writing, the circulating supply is just over 2.9 million BNX.