GameFi and IGO platform BinaryX have announced that they will split their native token BNX in a one-thousand ratio.
The popular GameFi project BinaryX, which focuses on ecosystem enhancements, continues to act with its community. Going to a DAO vote, BinaryX decided to split on BNX with a majority vote of its community. 99.5 percent of users voting agreed to a one-thousandth split of BNX.
The timing of the split will be announced on BinaryX’s social media accounts and community channels.
BinaryX Passes BNX Split From Its Community
BinaryX has decided to split by DAO voting for its native token BNX used in its ecosystem.
BNX stands out in the BinaryX ecosystem as a native token used for all activities such as games and development funding.
The decision to split BNX by one thousand is aimed at lowering the overall spending threshold, increasing new users’ acceptance of the token and increasing BNX adoption.
BinaryX Head of Growth, Rudy, said:
“Over the past year, BinaryX has experienced a surge in adoption in many parts of the world and our product line has expanded significantly. We evaluated the current market situation and concluded that the current price per unit of BNX could be optimized to better promote BinaryX’s economic model and products. We are confident that our community is behind us in this decision. The new value of BNX will undoubtedly have a positive impact, introducing new use and consumption scenarios and driving wider adoption of BNX.”
When BNX is split, all use cases of the old version will be transferred to the new token. The split will have the same effect in output scenarios such as in-game and rewards.
BinaryX Focused on New Games and Developments
BinaryX has announced new games and plans to offer VR/AR games on the IGO platform in 2023.
Alongside the BNX token split, the BinaryX team has also announced their plans to expand a large number of game offerings. The flagship games will share the long-awaited update of CyberDragon and a new offering, Project M. The team has also expressed its intention to add virtual reality (VR) and augmented reality (AR) games to its product lineup later in the year, and is actively receiving applications to provide fundraising support and consulting services from VR projects. Updates are shared regularly on social media and on BinaryX’s 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 will be releasing previews of some of our games very soon, please stay tuned. As always, we thank our owners for their invaluable support and look forward to announcing all of our exciting projects in 2023.”
Also, according to CoinMarketCap data, as of February 9, 12pm UTC+8, BNX is trading at $114.5.
