What is BinaryX Crypto? How To Buy BNX Token In India?

What is BinaryX (BNX)?

BinaryX is a metaverse project focused on building a player-driven and player-centric GameFi economy backed by BNB blockchain. As gaming and metaverse industries continue to grow rapidly, the technical, financial, and marketing challenges faced by players and developers remain persistent. Binary aims to create an inclusive interoperable framework to overcome these challenges, enabling players to enjoy all gaming services, from investing to mining in a single platform. 

Binary also has its own launchpad to help developers build new and fun games, with full technical support, fundraising, community building, and more. Its ecosystem has a native token- BNX, that powers all products and in-game utility, funding for game development, incentivizing community members, and participation in DAO governance.

Who are the Founders of BinaryX?

BinaryX was originally created as a decentralized derivative trading platform. However, with developments and the popularity of Metaverse and GameFI, the BinaryX team gradually shifted to build decentralized gaming applications. It is backed by Binance Lab and built by an anonymous team of developers. It is said that the BinaryX team has members from across the world with extensive experience in decentralized and centralized exchange developments, designing, etc.

How does BinaryX(BNX) work?

The BinaryX ecosystem has four main components, making it an innovative platform gaining traction from players and dev teams. 

• Initial Gaming Offering(IGO): Binary offers IGO services which enable developers to build and launch self-developed and third-party GameFi projects, and platform users get early access to such new games.
• Trading platform: It has a GameFi trading platform where players can buy and sell all in-game assets, tokens and NFTs of the BinaryX system.
• BinaryX DAO: The platform is governed by a Decentralised Autonomous Organisation of BNX token holders, who can submit and vote on proposals to shape the future of BinaryX as well as receive airdrops and rewards for their engagement.
• BinaryX Treasury: The platform’s treasury is completely dedicated to BNX holders, and the team will only work on their behalf. They will invest in third-party projects to expand the utility of BNX tokens and other assets. The users who stake their tokens or become sidechain nodes will also receive a share of the treasury rewards on a regular basis.

What makes BNX unique use cases?

• Some of the top gaming projects on the BNB chain, including CyberDragon, CyberChess and CyberLand, are built over the BinaryX platform.
• BNB holders can decide on the direction of the platform by becoming a member of DAO governance.
• Developers can launch third-party or self-developed projects on BinaryX launchpad and leverage its user base.

Read more: Future of Web3 Gaming Projects 

BinaryX (BNX) Price Analysis

Source: TradingView

• BNX price is trading at $0.2781, with a drop of about 7.8% during the past 24 hours. Its 24-hour trading volume is at $4 million, and the market capitalization of BNX is standing at $75 million on June 28, 2023.
• BNX price has been oscillating in a consolidated range for the past few months before dropping from $0.45.
• The RSI-14 indicates a bearish market sentiment; however, if BNX prices maintain to pull back, it might go up to $0.5.

How to Buy BNX Coins in India?

To buy BNX Coin in India, just follow the below-mentioned steps:

• Download the CoinDCX App
• Enter the details for registration
• Complete KYC
• Once your profile is verified, fund your wallet and buy BNX tokens.

Read more: Ways to make money in the Metaverse