BinaryX Will Split Token BNX 1:100 for Investor Confidence

Gamefi and IGO platform BinaryX have announced that their native token BNX will be split 1:100 to greatly increase investor confidence in their products. The decision received 99.5 percent support from the community to realize the split in the DAO vote initiated by the project team.

After the vote, the definitive roadmap for the split will be announced shortly on BinaryX’s social media and community channels.

BNX is BinaryX’s platform token and is used as a service token for all activities in the BinaryX ecosystem, including games and development funding. In addition, with the decision to divide the Tokens at a ratio of 1:100, it is aimed to lower the general spending threshold in the industry and increase token adoption.

Rudy, Head of Growth at BinaryX, said:

“Over the past year, BinaryX has increased its adoption in many parts of the world. We evaluated the current market situation. We concluded that we can optimize the current price per unit of BNX to better promote BinaryX’s economic model and products. We are confident that our community is also behind us in this decision. The split will have a positive impact on BNX, enabling new use and consumption scenarios. It will drive wider adoption of BNX”

Besides, when the BNX is split, all the consumption scenarios of the old BNX will be transferred to the new BNX. In split, in-game, and output scenarios, for example, CyberChess Weekly Prize will have the same effects as Hero prices.

As of February 9, 12pm UTC+8, BNX is trading at $114.5, according to CoinMarketCap data.

Alongside the BNX token split, the BinaryX team also revealed their plans for their game. The sneak peek of CyberDragon’s long-awaited update and Project M will be released very soon.

BinarX also announced that artificial intelligence and virtual reality (VR) games will be included in the company’s product range in the coming period.

BinaryX also actively continues the process of receiving applications to receive funding and consultancy support from VR projects. Developments on the subject will be actively shared on community channels such as Twitter and Discord.

BinaryX Head of Growth Rudy said:

“To further speed things up for our users this year, we will be releasing a number of new games and game updates throughout the year, including an update for CyberDragon. We’ll be posting sneak peeks of some of our games very soon, please stay tuned. As always, we thank our holders for their invaluable support and look forward to announcing all of our exciting projects in 2023.”