Cena BinaryX (BNX)

What Is BinaryX (BNX)?

BinaryX is the project behind CyberDragon, a play-to-earn game on the Binance Smart Chain (BSC). Initially, BinaryX was a decentralized derivative trading protocol, but has since changed its concept to accommodate the boom in the GameFi sector. Now, BinaryX is building a metaverse game called CyberDragon, which is a classic MMORPG with DeFi elements. For example, game props derivatives are NFTs, and players can choose from a selection of gameplay modes like PvE and PvP. CyberDragon has a dual token economic system, where players can earn income simply by playing the game. The end goal is to defeat the cyber dragon, which is the game's ultimate boss. If victorious, players will receive Cyber Dragon treasure rewards as a prize.

BinaryX stated that its vision was to become the most inventive GameFi project and bring more innovation to the blockchain gaming sector.

Who Are the Founders of BinaryX?

The developers behind BinaryX are anonymous, although in an interview with Binance, they revealed that they were a team made up of international backgrounds and a number of senior blockchain experts. Supposedly, the team members have experience with building centralized and decentralized exchanges, as well as with managing derivative assets of more than $100 million.

What Makes BinaryX Unique?

The BinaryX team aims to attract players by providing a game with low barriers to entry, simple vocabulary, and different game scenarios that revolve around play to earn.

Players create a character, which can be leveled up by consuming gold, the in-game currency. Players can obtain gold by completing dungeon adventures or daily mining. Leveling up a character results in increased combat power and mining speed, although it does not increase the character's basic attributes. Certain challenges and high-level jobs can only be unlocked once a user reaches a commensurate level. There are five character classes players can choose from:

• Warrior: acts as a protector and has the highest strength and constitutional growth; protects their teammates through taunting and guarding.
• Rogue: has the highest agility growth and is good at avoiding damage; can steal equipment for the team and obtain gold.
• Mage: can give the enemy debuffs and equip staff and robes but cannot use any shields or armor. Mages have the highest growth of spirit and intelligence and can create magic equipment. They can also improve team combat capabilities.
• Knight: a fighter with aura skills that can give bonuses to other team members; not strong on combat effectiveness but high aura skills.
• Ranger: can take opponents out with a bow and help the team avoid traps.

Each character has several attributes:

• Strength: determines attack power.
• Agility: represents hand-eye coordination, flexibility, reaction, and balance; this attribute is most important for rogues.
• Constitution: represents health and endurance.
• Intelligence: represents learning and thinking; most important to the mage because it affects the number of spells the hero can cast.
• Willpower: represents endurance to injury and pain.
• Spirit: high spiritual power results in less magic damage.

Combining individual sets of attributes, players go on dungeon adventures to kill monsters, challenge bosses and seize treasure chests. Players can compete either in small dungeons (requiring only one hero) or large dungeons (minimum of two heroes) and win battle rewards. Besides battles, players can also engage in daily mining.

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How Many BinaryX (BNX) Coins Are There in Circulation?

Binary X provides close to no information about its tokenomics on its website. According to public sources, BNX has a maximum supply of 21 million tokens. Tokens obtained during the genesis mining event automatically receive lock-up dividends. After the mining period, rewards will be unlocked. BNX is distributed as follows:

• 33.33%: Genesis mining reward
• 26.67%: Initial BNX/BUSD trading pair liquidity
• 30%: Marketing and LP Reward Reserve
• 10%: Team

However, there is no information provided about vesting periods. The circulating supply at the time of writing is just over 2 million BNX.

How Is the BinaryX Network Secured?

BNX is a BEP-20 token on the Binance Smart Chain. BNX was audited by Certik and received an excellent security score of 83. In an interview, the BinaryX team stated that it chose Binance Smart Chain because of its lower costs, faster confirmations, and greater chain bandwidth, which are all indispensable for an MMORPG game.

BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.

Where Can You Buy BinaryX (BNX)?

BNX is available on Binance, Mandala Exchange, ZT, Gate.io and CoinW.