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Binance NFT Marketplace Launches “Rh!noX by BinaryX” NFT Collection via the Subscription Mechanism
Binance NFT Marketplace is excited to present the “Rh!noX by BinaryX” NFT Collection! The launch of the collection will follow the BNB Prerequisite feature, as part of the Subscription Mechanism.
What is BinaryX?
BinaryX is a crypto-gaming platform that runs CyberArena and CyberDragon, one of the most popular play-to-earn games on BNB Smart Chain (BSC). All characters and items in the CyberDragon game are NFTs, and its player-driven economy allows users to earn daily income and rewards while enjoying the game at zero costs.
“Rh!noX by BinaryX” NFT Collection
“Rh!noX by BinaryX” is an NFT collection of unique NFT avatars of varying rarities, with different accessories, facial features and backgrounds. Each NFT is priced at 7 BNX.
The “Rh!noX by BinaryX” NFTs can provide NFT holders with different levels of rights and benefits on various platforms, based on their credit ratings. Items from this NFT collection will serve as status symbols and represent a Soulbound certification in future BSC developments. In addition to its artistic and GameFi value, the “Rh!noX by BinaryX” NFT avatar can serve as the identity of core players and architects in the DeFi, GameFi and Web3 space.
Promotion: Trade “Rh!noX by BinaryX” NFTs to Share a 50 BNX Token Voucher Prize Pool
Activity Period: 2022-06-02 12:00 (UTC) to 2022-06-08 12:00 (UTC)
The top 20 users ranked by their transaction volume on the “Rh!noX by BinaryX” NFT Collection on Binance NFT marketplace during the activity period, will share a prize pool of 50 BNX token vouchers.
The reward for each qualified user = (Each qualified user’s total effective NFT trading volume / All qualified users’ total effective NFT trading volume) * 50 BNX token vouchers
Subscription Mechanism Timeline and Details.
1. Preparation Phase: 2022-05-30 00:00 (UTC) to 2022-06-01 02:00 (UTC)
Users are required to meet the minimum daily average BNB holding of 0.1 BNB during the Preparation Phase, to be qualified to participate in the corresponding NFT primary sale.
2. Subscription Phase: 2022-06-01 02:00 (UTC) to 2022-06-02 09:00 (UTC)
Qualified users will proceed to the subscription, where they will be allocated participation tickets to join the sale. Each qualified user will receive one participation ticket, as determined by the corresponding NFT primary sale.
During this phase, users are required to subscribe their participation ticket to the sale, by clicking [Subscribe for Ticket(s)]. Only users who subscribe by committing their tickets will be qualified to participate in the sale.
After users subscribe to the NFT primary sale, all committed participation tickets will enter a pool, where all committed tickets have a fair chance of winning. Each committed participation ticket will mean that 7 BNX will be locked, and this will only be refunded at the end of the Distribution Phase. Please note that users can only use the available BNX balance in their spot wallets to complete the subscription. Hence, users should ensure that they have sufficient BNX in their spot wallets before committing their participation tickets.
3. Calculation Phase: 2022-06-02 09:00 (UTC) to 2022-06-02 12:00 (UTC)
The system will select winning tickets from all committed participation tickets in a fair and square manner. A winning ticket allows the user to purchase an NFT in the NFT primary sale.
4. Distribution Phase: 2022-06-02 12:00 (UTC)
Users who hold a winning participation ticket will be able to purchase an NFT in the NFT primary sale and the BNX equivalent will be deducted accordingly. Each unique NFT will be revealed at a later date. Users who do not hold winning participation tickets will have their BNX automatically returned to their spot wallets.
Follow @TheBinanceNFT and @binary_x on Twitter now for more updates on this NFT collection! For more details on the Subscription Mechanism, read our blog here and a detailed step-by-step guide here.
Learn More About Binance NFT Marketplace:
- How to Find Your NFT Contract Address
- How to Get Started with the Binance NFT Marketplace
- How to Buy an NFT on Binance NFT Marketplace
- How to Sell an NFT on Binance NFT Marketplace
- How to Deposit NFT on Binance
Terms & Conditions:
- Each account is limited to a maximum purchase of one “Rh!noX by BinaryX” NFT during the primary sale.
- Users can find their NFT via Binance NFT Marketplace > User Center > NFT Assets.
- After the Distribution Phase, users may list their NFT on Binance NFT Marketplace’s secondary market for sale.
- Users have to complete KYC in order to list and trade NFTs on the Binance NFT secondary market.
- BNX token voucher rewards will be distributed within 28 days after the activity ends. Users will be able to log in and redeem their token voucher via Account > Reward Center.
- The validity period for the token voucher is set at 30 days from the day of distribution. Learn how to redeem a token voucher.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- Binance reserves the right to disqualify trades that are deemed to be illegally bulk registered accounts.
- Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.