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BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games

Singapore, Singapore, 12th December, 2022, Chainwire

BinaryX launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games.

The fund, supported by the project team, seed investors and members of the BNX community, will be used to invest in on-chain gaming projects that utilize or are experimenting with blockchain technology. BinaryX is also offering advisory services alongside the fund to bolster support for projects under the fund.

The fund will be used to provide resources and all forms of support for games at any stage, including early-stage, and late-stage development.

BinaryX Incubation Fund Distribution Breakdown

The fund distribution comes from the overall BinaryX fund as pictured below:

BinaryX will allocate 8% of their overall funds to the Cyber Incubation Fund, the amount is $12 million USD at the time of writing.

Rudy, Head of Growth at BinaryX, said:

“BinaryX is committed to accelerating the adoption of Web3 technologies in gaming. The fund is not limited to supporting blockchain games already in the space, but also traditional developer teams who want to experiment with blockchain in their games or NFTs. We believe in the overall growth and adoption of blockchain within the gaming ecosystem, and we will strive to support any project that is promising to that effect.”

Since launching the incubation arm mid-2022, BinaryX has invested in and incubated 2 GameFi projects. Its portfolio includes SHIT games, and Rh!noX NFT collection, with several exciting projects underway.

BinaryX will accelerate its search and adoption of projects in need of incubation, and offer support across all stages, including early-stage and late-stage development.

With this incubation arm, BinaryX aims to connect projects with BinaryX’s network of resources, advisors and investors to help projects go to launch. The Incubation Fund is open to receive applications and all year round, providing iterative support to any project at any stage of development.

The news comes amidst already refuted rumours that BinaryX is selling tokens. To reiterate their stance, Rudy said, ‘We would like to emphasize that there was no foul play from our team. We are entirely focused on our games, and we have been communicating our upcoming plans transparently.’ The team has just arranged a DAO vote to decide on the buy back plan for BNX, and are working to execute it alongside other strategic plans for long-term growth, including the development of their latest game, CyberLand.

About BinaryX

BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain.

BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3.

As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.

For more details and information about BinaryX, please visit www.binaryx.pro

BinaryX whitepaper | About BinaryX deck

Our Socials: Discord, Telegram and Twitter

Check out our games on our website and YouTube

Contact

Communications LeadSam K.BinaryXmarketing@binaryx.pro

BNX to undergo 1:100 split to give major boost of investor confidence for BinaryX games and products

Singapore, Singapore, 9th February, 2023, Chainwire

BinaryX, a Gamefi and IGO platform, today announced it will split its token, BNX. The decision was made after the project team ran a DAO vote and received overwhelmingly unanimous support (99.5%) to conduct the split. The exact timeline for the split will be announced on BinaryX’s social media and community channels soon.

BNX is the platform token of BinaryX, and is used as a utility token for all activities on the BinaryX ecosystem, including in games and for the incubation fund. This move to split the token is expected to lower the threshold for overall spending, to increase new users’ acceptance of the token, and consequently increase the adoption of BNX in a broader crowd.

“Last year, BinaryX experienced an increase in adoption in many regions of the world, and our product line up expanded significantly. We evaluated the market situation at present and concluded that the current price of BNX per unit could be optimized to better promote BinaryX’s economic model and products. We’re confident that our community is behind us on this decision. The new denomination of BNX will undoubtedly have a positive impact, providing new utility and consumption scenarios, and driving the wider adoption of BNX,” said Rudy, Head of Growth at BinaryX.

Once BNX is split, all consumption scenarios of the old BNX will be transferred over to the new BNX. The split will have the same effects on in-game and/or output scenarios (e.g. CyberChess Weekly Prize, Hero prices).

As of Feb 9, 12pm UTC+8, BNX is priced at $114.5, according to data from CoinMarketCap.

BinaryX reveals new games and plans to push VR/AR games through their IGO platform in 2023:

Besides the BNX token split, the BinaryX team also unveiled plans to expand their plethora of game offerings. They will be sharing a sneak peek of a long-awaited update of their flagship game, CyberDragon, and a new offering, Project M. The team also expressed the intention to introduce virtual reality (VR) and augmented reality (AR) games into their product lineup later in the year and is actively receiving applications from VR projects to provide fundraising support and advisory services. Updates will regularly be shared on social media and in BinaryX’s community channels, such as Twitter and Discord.

“To ramp things up even more this year for our users, we will be releasing a series of new games and game updates across the year, including an update for CyberDragon. We’re dropping sneak peeks of some of our games real soon, so please stay tuned. As always, we thank our holders for their invaluable support and we look forward to revealing all our exciting projects in 2023,” Rudy said.

About BinaryX

BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain.

As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 30K monthly active wallets. It is also one of the top few metaverse projects by trading volume on the BNB chain, with more than 250 million in market cap. BinaryX also has a token, BNX, that has consistently demonstrated strong performance despite the bear market.

For more details and information about BinaryX, please visit:

BinaryX Website | BinaryX Medium | About BinaryX deck

Our Socials: Discord | Telegram | Twitter

Check out our games on our website and YouTube

Contact

Communications LeadSam K.BinaryXmarketing@binaryx.pro

BinaryX Releases Trailer and Opens Beta Test For Futuristic Space Game Project Matthew

Singapore, Singapore, 13th March, 2023, Chainwire

BinaryX announced today the upcoming release of a space-building simulation game, Project Matthew. The team just released the trailer video which gives a first look at the game, and is also opening registration for their Closed Beta Test happening soon.

Introducing Project Matthew: The Exciting New Space-Building GameProject Matthew is an upcoming space-building simulation game developed and published by developer BinaryX.The game takes place in outer space, where players have taken over as landlords of a distant land called Matthew. The goal of the game is for players to build their own extraterrestrial cities, by setting up industrial production lines that produce resources for further development.

Develop A CityThe adventure begins as players are given an NFT plot to start their city. Players can build different types of helper robots that will contribute different skills to scavenge, battle, or explore new territories to develop the city.

Lead A Virtual ArmyPlayers can recruit a robot army with different skills and abilities, and challenge enemies on the battlefield to earn massive rewards. The battlefield is divided into different levels of difficulties. The more difficult the level, the greater the rewards.

Explore SpaceExploration is one of the primary ways to obtain rewards and resources in Project Matthew. The gameplay features a collection of neighboring and faraway planets waiting to be explored.

“Project Matthew is our biggest project for the first half of 2023. We wanted to bring in new genres of games into the BinaryX ecosystem, and this game is the first ever simulation game that we will have on our platform. We want our players to immerse themselves in space as landowners and explorers. We’re really excited to welcome a whole new group of space enthusiasts and simulation gamers into our expanding community”, said Rudy S., Global Head of Business Operations and Development of BinaryX.

Watch the official trailer:

Closed Beta Test Opens For Registration

BinaryX is kicking off the launch of Project Matthew with a Closed Beta Test. Registration starts on 13 Mar, 9 PM UTC+8, and closes on 20 Mar 6 PM UTC+8.

The Closed Beta Test will be available to Windows users only, with more details to be revealed on their registration page and social media channels.

About BinaryXBinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain.

BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now a GameFi platform offering IGO services to bridge Web2 developers to Web3.

As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than 200 million in market cap. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.

For more details and information about BinaryX, please visit www.binaryx.pro

About BinaryX deck

Contact

Communications LeadKora K.BinaryXmarketing@binaryx.pro