Introduction of BinaryX
BinaryX 24hr
| Low:$1.27 | High:$1.84 |
BinaryX is a decentralized contract based on the Binance Smart Chain and Ethereum. Users can easily trade binary options through BinaryX, which supports Automated Market Maker (AMM) models. Participants can become Automated Market Makers (AMMs) for BinaryX options contracts by closing their assets. Such a system allows them to sell binary options to other users. Traders provide liquidity and help maintain fair returns between different operators (option sellers, call buyers options, and include option buyers).
Initially, the BinaryX tool will be based on the price of the blockchain asset BinaryX will implement a community election and community management system to solve the problem of pricing and decision-making. Options or AMM buyers can acquire BinaryX Network Tokens (BNX). Users who hold and lock their BNX tokens receive benefits from the BinaryX network. However, holding BNX is not necessary for binary trading.
Background and history of change
Binaryx was founded in 2019 with the goal of creating the next generation of digital asset exchanges. In January, they added #1 or #2 ranked lenders in countries like Singapore and Ukraine, as well as their own funds. In March 2020, they completed the design of their cool wallet. As of October 2020, the engine is compatible with the trading platform and is ready for users to trade. Demonstrating their high potential, they won silver at the prestigious Horizon Interactive 2020 award.
Not stopping there, Binaryx has demonstrated its promise to become a major cryptocurrency exchange by creating a comprehensive roadmap that will continue until 2022. This is the best ATF Pro, CFD, Account Business, P2P, etc. Index, etc.
February 2021, their Valentin de valentin token, focused on the first couple, Sdvt, happy many and cryptocon cities. This caused many new users to become more interested in cryptocurrency tokens, showing the potential of Binaryx’s vision for tokenized assets.
One of the most prestigious awards in web design and creative media, the Horizon Interactive Awards in 2020 had Binaryx, taking home the silver, shortly after their exchange was fully operational. Binaryx fully deserves a reward and this can be easily seen when the user clicks to open the website. It is attractive and easy to navigate. Starting with a strong text, and a clear and straightforward way to become a big change, Binaryx’s goal is to continue its success and be part of the next generation of financial services.
All Binaryx team leaders have extensive experience and expertise in their field and are honest about the work of each team member. The founder is Oleg Kurchenko, who is also the co-founder of youdigital.io, which is known in crypto and online. He has the knowledge and experience necessary to make a difference. Their CFO, Arkadi Oislender, has a strong background in financial services, having previously worked as a salesperson, managing director and chief financial officer.
CTO Viacheslav Krasnov is an Android developer and technical project manager. Dan Zaitsev, their product manager, has over ten years of experience starting technology startups.
Ilona Ivanchuk, their chief content manager, is the head of the marketing department and is also the chief marketing officer. Their Chief Marketing & Communications Officer, Max Baburin, has been the head of marketing for several companies.
With experienced operators leading their team, it is understandable why Binaryx has been successful in its platform.
Unique Point of BinaryX (BNX)
According to BinaryX, the platform aims to attract more players by offering games with low entry barriers, using simple terms and offering a variety of game features that allow let his game win. Players on the platform can create characters that can be multiplied using their gold, which is the currency of the game community.
The players can earn gold by playing daily or completing dungeon activities. Upgrading a character gives them the ability to improve abilities such as mining speed and combat power.
However, it does not improve the basic characteristics of the character. The system also allows for some challenges and advanced tasks that are only unlocked when the player reaches a point that is considered suitable for the level. The game generally has one class of five characters that players can choose from.
Rogue: This character has the highest power growth and is good at avoiding damage. He can also steal resources for the team and get gold. Knight: This is a fighter with aura type skills that can give other teammates money but is not strong in combat but has a lot of aura.
Warrior: This works as a defense and has the highest level of power and legal growth.
This too; using insults and guards to protect their members.
Ranger: Can eliminate opponents with a bow and help the team avoid traps.
Mage: Can give debuffs to enemies and equip a staff and cloak, but cannot use shields or weapons. He has the highest growth in spirit and intelligence. It can also create magical resources and improve team fighting ability.
BNX past performance
BNX went live on CoinMarketCap at $6.62 on May 18, 2021 and fluctuated at that level for the next few months. Gambling indicators began to increase in late September. He participated in the GameFi event broadcast by BNB channel on September 15 and distributed tokens through airdrop.
Later that month, he opened a second pool at Pancakeswap in conjunction with BUSD. BNX reached a high of $29.98 at the end of September.
The official BNB Chain Twitter account and blog introduced the CyberDragon project in early October. It was later revealed that over 800,000 investors participated in the BinaryX airdrop, but only 2,000 were randomly selected for rewards.
The price of the BNX coin broke the $100 mark for the first time on October 21. On the same day, MEXC Global listed its other token, GOLD, with a USDT link. Another announcement was made the following week when BNX went live on Gate.io. BinaryX continued this run the following month with the launch of BNX and the Binance Innovation Zone. The show reached an all-time high of $224.71.
Although the BNX coin price was affected by the bear market at the beginning of 2022, it managed to break the larger trends. At the end of March, Binance enabled BNX futures trading and it rose back above $100. Its price continued to rise in April when Binance launched a trading competition with Binary X. A prize of $50,000 is paid. BNX peaked at $149.71 on June 15. As of July 26, it has fallen to $122.
