Deep Dive
Overview:
Four completed its rebrand from BinaryX (BNX) in March 2025, migrating tokens 1:1 via exchanges like INDODAX and BloFin.
This migration involved smart contract updates to enable seamless swaps, though no major protocol-level code changes were disclosed. Exchanges halted BNX deposits/withdrawals, updated tickers, and adjusted trading pairs.
What this means:
This is neutral for FORM because it’s a rebranding-driven administrative update rather than a technical upgrade. Users retained token value, but liquidity shifts caused short-term volatility (Source).
2. Ai Hero V2 Launch (November 2023)
Overview:
Ai Hero’s V2 introduced Competition Mode, letting players earn FORM by battling with NFTs.
The update required backend adjustments for NFT minting (34 FORM vs. original 40 FORM) and a staking system where holding FORM grants recruitment vouchers. Codebase changes likely included reward distribution logic and NFT lifecycle management.
What this means:
This is bullish for FORM because it incentivizes token utility via gameplay, though the delayed withdrawal/deposit feature (pending in 2023) may limit short-term impact (Source).
3. Bit2Me Listing (July 2025)
Overview:
Bit2Me added FORM to its Wallet and Pro platforms in July 2025, enabling EUR/USDC trading pairs.
Integration required API compatibility checks and liquidity pool setups but didn’t necessitate protocol-level code modifications.
What this means:
This is neutral for FORM because exchange listings broaden accessibility but don’t reflect technical innovation. The +12% price surge post-listing was driven by speculative demand (Source).
Conclusion
Four’s recent updates emphasize ecosystem growth over codebase innovation, with Ai Hero’s V2 being the last major technical milestone. Will upcoming developments prioritize DeFi integrations or double down on GameFi?