BinaryX

Initial Game Offering (IGO) Platform

Beyond game development, BinaryX operates an IGO platform designed to incubate and support aspiring GameFi developers. The platform offers resources and advisory services to assist in the development and launch of blockchain-based games. In December 2022, BinaryX introduced the Cyber Incubation Fund, allocating 220,000 BNX to drive the growth and adoption of Web3 games.

BNX Token

BNX is the native token of the BinaryX ecosystem, serving multiple purposes:

• In-Game Utility: BNX is used for various in-game functions, including hero recruitment, upgrades, and participation in game activities.

• Governance: Token holders can participate in the project’s decentralized autonomous organization (DAO), influencing decisions related to the platform’s development and direction.

In February 2023, BinaryX announced a 1:100 token split for BNX to lower the threshold for overall spending and increase adoption among new users.

Recent Developments

In March 2023, BinaryX provided a sneak peek into “Project Matthew,” a space simulation game challenging players to develop cities on Planet Matthew and support space exploration by establishing efficient production lines.