BinaryX

Gaming
Metaverse
Other Categories
+1
- L1s

Copy link
Share on X

Claim company
Report company

Description

BinaryX is a multifaceted project that bridges GameFi and DeFi sectors through its flagship offering, CyberDragon, a blockchain-based RPG game with Play-to-Earn elements. Initially a binary options trading platform, BinaryX has evolved to provide comprehensive game development tools on the blockchain. It operates on the BNB Smart Chain and uses the $BNX token for transaction fees, staking, and governance in its decentralized autonomous organization (DAO). This allows token holders to influence project direction. The project is well-integrated with DeFi, NFTs, and crypto-economics within its metaverse, using a dual token economy with BNX and GOLD. BNX serves as a governance and utility token, while GOLD is used in-game. As a project, BinaryX innovatively intersects gaming, DeFi, and DAO, furthering blockchain technology in digital realms, augmented by support from Binance Labs. Its active market presence is marked by significant trading volumes and price volatility, with players engaging in mining, trading, and combating the Cyber Dragon boss.

Socials

Similar companies

DBXen

DBXen: A DeFi platform offering staking, lending, and yield farming with a focus on transparency, security, and passive income opportunities through smart contracts and its native DXN token.

CYBERX

CYBERX is a DeFi ecosystem for crypto futures & spot trading with high liquidity and leverage, offering DAO governance, yield farming, and staking on a secure blockchain platform with Web3 integration.

Banx

Banx is a GameFi platform offering a digital marketplace for gaming and NFTs, integrating web3, crypto, and blockchain to enhance game asset ownership and trading.

DragonX.win

DragonX.win is a DeFi project on Ethereum that uses TitanX staking to mint DragonX tokens and employs buy-back and burn mechanisms to manage its supply.

BitcoinX

bloxies.xyz

bXNF

bXNF by Xenify revolutionizes DeFi with 'Swap to Earn', offering seamless cross-chain functionality and reward-driven engagement for users.

CocosBCX

CocosBCX, a multi-chain platform, enables developers to create, develop, and operate blockchain games and digital assets with a suite of interoperable tools.

BGX

BGX is a web3 & blockchain-based trading platform offering secure spot and derivative trading in cryptocurrencies. It features high liquidity, low latency, robust security, and a user-friendly interface, making digital asset trading accessible and tra...

Baby DragonX

Baby DragonX leverages Ethereum TITAN X for a robust $BDX token economy via fair launch, burns, and memecoin initiatives.

CyberX Project

CyberX Project integrates blockchain for IoT security & DeFi, featuring a DEX, AI-driven cybersecurity, and analytics tools to enhance IoT device safety and financial transactions.

ProjectX

ProjectX is revolutionizing the crypto world with advanced features like X-Club staking, X-Productions movies, NFT collections in gaming, X-Giving donations, and the P2E game Xcape.

X-GAME

XG Network is a parallel-chain Depin project creating on-chain gaming and payment module engines, using Rust for robust infrastructure and developer access via XG token staking.

FAQ

What is BinaryX and how does it operate within the GameFi sector?

BinaryX is a multifaceted blockchain project that blends elements of GameFi and DeFi, primarily known for its blockchain-based game CyberDragon. It integrates play-to-earn mechanics with RPG features, allowing players to earn by battling, crafting, or trading. It offers development tools for blockchain game developers and utilizes a DAO for community governance.

How does the $BNX token function within the BinaryX ecosystem?

$BNX is both a governance and utility token within the BinaryX ecosystem. It facilitates transaction fees, staking, and decision-making processes through voting. In the CyberDragon game, $BNX is used for hero creation, equipment forging, hero upgrades, lotteries, and other in-game operations, signifying its integral role in the ecosystem.

What unique features does CyberDragon offer compared to other blockchain games?

CyberDragon distinguishes itself through its integration of DeFi and NFTs into traditional gaming, offering players a chance to engage in mining, dungeon adventures, and PvP battles. It uses a dual-token model, where BNX is a governance token and GOLD serves as the in-game currency, enhancing the game's economic depth and player interaction.

How does the DAO structure benefit BinaryX users?

The DAO structure in BinaryX allows token holders to contribute to the decision-making process, giving them control over the project's future. This community-driven approach ensures a more democratic and transparent governance, aligning the project's development with the community's interests and fostering a collaborative environment.

What role does Binance Labs play in the development of BinaryX?

Binance Labs plays a crucial role in supporting the growth and development of the BinaryX ecosystem, particularly in advancing the CyberDragon game. Their contributions focus on enhancing blockchain technology integration and ensuring the continuous innovation of gaming features, supporting the overall strategic direction of the project.

What are some common issues players face in CyberDragon and how can they be resolved?

Players in CyberDragon may encounter issues such as transaction delays or network congestion on BNB Smart Chain. These can typically be resolved by adjusting gas fees or waiting for network traffic to subside. For technical issues, players are encouraged to check official forums or support channels for troubleshooting guidance and updates.

FAQ

Company is unclaimed. Do you work for or own this company?

Description

Socials

Tags