BinaryX is a gaming platform on BINANCE Smart Chain that heavily relies on its native governance token BNX. In this article, you will find everything you need to know about BinaryX, and its BNX token to get started with the game and its governance structure.
BinaryX powers the Cyber Dragon blockchain game as its first game offering. However, players get a chance to participate in the decision-making process and the development of the whole BinaryX ecosystem. Thanks to the native BNX token, players not only get to enjoy Cyber Dragon, but also get a chance to decide where the game and platform go next in its development.
Why is BNX important?
BNX is an integral part of the whole BinaryX ecosystem. BNX token holders can participate in community governance and get voting rights when major game decisions have to be made. This is an important part of the development path of Cyber Dragon as a game. Of course, it is also essential for the BinaryX platform as a whole.
Additionally, players who decide to hold or stake BNX tokens also benefit from regular GOLD token airdrops. GOLD is the in-game currency used in Cyber Dragon, which allows players to upgrade their heroes and enter dungeons.
Last but not least, BNX plays an important role when users want to create new hero NFTs, or forge rare weapons. BNX also gives players a chance to rent a hero, if they don’t want to create a new NFT every time they want to try out a new character.
Decentralizing the gaming industry
BinaryX is pioneering an important aspect of the decentralized economy on the blockchain. By introducing governance to the gaming world, BNX allows players to have their say in what game they want to play in the future.
According to the DappRadar 2021 Industry Report, 49% of the blockchain industry’s unique active wallets connected to games in 2021. This only means that gaming on the blockchain is going to get bigger, and decentralized governance will become more important.
DappRadar is going to continue monitoring the BinaryX ecosystem as it continues to evolve. If you want to learn more about BinaryX, the BNX token, and gaming on the blockchain, check out the handy links below. To learn the latest gaming news first, follow DappRadar on Twitter and join our Discord community.
