BinaryX (BNX) was the governance token of a GameFi and Initial Game Offering (IGO) platform built on BNB Chain, powering games like CyberDragon, CyberChess, and CyberLand. BNX served as the native in-game currency and enabled community governance through DAO voting. The platform provided IGO services to bridge Web2 developers to Web3 gaming. In March 2025, BNX underwent a token swap and rebranding to FORM (Four), maintaining the same utility and governance functions. The transition reflected the platform's evolution and expansion of services in the GameFi ecosystem.

You may ask

What happened to BNX token?

BNX underwent a token swap and rebranding to FORM (Four) in March 2025. The swap occurred at a 1:1 ratio, with all BNX tokens converted to FORM tokens. This change reflected the platform's evolution and expansion beyond its original scope while maintaining the same utility and governance functions.

What was BNX used for in games?

BNX served as the native in-game currency for BinaryX ecosystem games including CyberDragon, CyberChess, and CyberLand. Players needed BNX tokens to create hero characters, forge rare equipment, challenge dungeons, and access premium game features. It was essential for character progression and gameplay mechanics.

How did BNX governance work?

BNX holders could participate in community governance through DAO voting mechanisms. They could vote on major platform decisions, game development directions, and token economic changes. The platform also operated a Cyber Incubation Fund where the community used BNX to invest in new gaming projects with high ROI potential.

What was the tokenomics of BNX?

BNX had a multi-token economic model with Gold and Crystal as secondary tokens. The original distribution included 33.33% for Genesis mining rewards, 26.67% for initial liquidity, 30% for marketing and LP rewards, and 10% for the team. The platform later voted to burn 74% of tokens to create a deflationary model.