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About BinaryX

BinaryX, denoted as $BNX, is the native cryptocurrency of the BinaryX ecosystem. Initially conceived as a decentralized derivative trading system, BinaryX has evolved to become a platform focused on GameFi, a fusion of gaming and decentralized finance. The platform aims to bridge the gap between Web2 developers and Web3 by offering Initial Game Offering (IGO) services. BinaryX's ecosystem includes infrastructural support, a DAO governance system, and community building initiatives to foster and scale GameFi projects, thereby aiming to contribute to the innovation in the blockchain gaming sector.

BinaryX operates as a GameFi platform, creating games with a sustainable economic model. The platform has developed popular games such as CyberDragon and CyberArena on the BNB Chain. In addition, BinaryX launched CyberChess, an auto battler strategy game, marking a shift from play-to-earn to a free-to-play, play-and-earn model. BinaryX has expressed interest in becoming an IGO platform, providing a range of solutions to incubate, enable, and empower aspiring GameFi developers. The platform offers tailored resources for developers encountering challenges in their projects. BinaryX's native token, BNX, is a BEP-20 token on the Binance Smart Chain, which was audited by Certik and received a high security score.

BinaryX aims to contribute to the GameFi industry by creating games with a sustainable economic model. The platform's games, such as CyberDragon, CyberArena, and CyberChess, offer engaging gaming experiences while also providing earning opportunities. BinaryX also aims to serve as an IGO platform, offering a range of solutions to support and empower GameFi developers. This includes providing infrastructural support, a DAO governance system, and community building initiatives. The BNX token, integral to the BinaryX ecosystem, can be used within these games and potentially in future projects incubated on the platform.

The developers behind BinaryX, who remain anonymous, have diverse international backgrounds and experience in the blockchain sector. The team members have reportedly built both centralized and decentralized exchanges and managed derivative assets exceeding $100 million. BinaryX started as a decentralized derivative trading system but gradually shifted its focus towards GameFi and metaverse games due to their growing popularity. In September 2022, BinaryX launched CyberChess, a milestone marking its transition to a free-to-play, play-and-earn model. BinaryX has expressed interest in becoming an IGO platform to support aspiring GameFi developers.

Market

Canada Market Stats

Market cap

CA$517.5M

Volume (24h)

CA$53.8M

Circulating supply

362.6M BNX

All time high

CA$2.52

Price change (1h)

+0.92%

Price change (24h)

+8.09%

Price change (7d)

+9.24%

Canada News about BinaryX

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The Block • May 02, 24

Bitcoin options positioning anticipates summer slowdown, analyst says

Bitcoin derivatives traders are positioning themselves for a summer lull in market activity, according to an analyst.

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BeInCrypto • May 02, 24

Road to 10 Million Users: Coinstore’s Approach with James Toh

Coinstore, a dynamic player in the cryptocurrency industry, has experienced remarkable growth since its establishment in 2020. Within three years, it has expanded to serve more than 7 million users and 700 project teams, with a strong focus on emerging markets such as Indonesia, India, and Nigeri...

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BinaryX is on the rise this week.

The price of BinaryX has increased by 0.92% in the last hour and increased by 8.09% in the past 24 hours. BinaryX’s price has also risen by 9.24% in the past week. The current price is CA$1.43 per BNX with a 24-hour trading volume of CA$53.85M. Currently, BinaryX is valued at 43.43% below its all time high of CA$2.52. This all-time high was the highest price paid for BinaryX since its launch.

The current circulating supply of BinaryX is 362,555,482.165 BNX which means that BinaryX has as total market cap of 362,555,482.165.

FAQ

What is the current price of BinaryX?

We update our BinaryX to CAD currency in real-time. Get the live price of BinaryX on Coinbase.

What is the market cap of BinaryX?

The current market cap of BinaryX is CA$517.49M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of BinaryX?

The all-time high of BinaryX is CA$2.52. This all-time high is highest price paid for BinaryX since it was launched.

What is the 24 hour trading volume of BinaryX?

Over the last 24 hours, the trading volume of BinaryX is CA$53.85M.

How many BinaryX are there?

The current circulating supply of BinaryX is 363 million.

Can I buy BinaryX on Coinbase?

Yes, BinaryX is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy BinaryX guide.