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Cryptocurrencies/Coins/BinaryX (BNX)
BinaryX price, market cap on Coin360 heatmap

BinaryX(BNX)

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$137.016
(-0.49%)
0.00623337 BTC
Market Cap (Rank#130)
$277,169,741
12,609 BTC
Vol 24h
$3,843,503
174.855 BTC
Circulating Supply
2,022,897.57
Max Supply
21,000,000
17 days agocryptodaily
BinaryX Releases RhinoX Whitepaper Detailing New Key Features of its Ecosystem
Singapore, Singapore, 2nd August, 2022, ChainwireBinaryX, a leading P2E game development company, has released the official whitepaper for Rh!noX, a collection of 10,000 NFTs enabling holders to use their assets as avatars on various GameFi and DeFi applications on the BNB Chain. The Rh!noX NFT series gets its inspiration from Soulbound items in the World of Warcraft game and aims to be the first-ever Soulbound Token on the BNB chain. Moreover, the collection links the holders' NFTs to their interactions, thus developing them into unique assets. Above all, it provides them with numerous perks, such as access to beta tests for games, NFT whitelists, projects, new tokens on BNB Chain, and more. The team spent several months improving the project’s vision and roadmap, now available in a new and enhanced whitepaper. For the first time, readers can explore the full functionality of Web3.0 and understand the underlying mechanisms, possibilities, and features of Rh!noX. Here’s a short summary: The Rh!noX Soulbound Token Analytic System This feature will calculate the credit score of a wallet depending on its owned amounts and trading history. It works similarly to a credit card company’s standard credit calculation system. Simply put, it determines the perks a user is eligible for, depending on his creditworthiness. The system will categorize Rh!noX owners into different tiers with distinct benefits. For example, members of the highest tier will enjoy more perks than those in the levels below, with the number and quality of perks decreasing with each tier. A good credit score will reward NFT holders with numerous advantages, such as: ● VIP treatment ● Exclusive Airdrops ● Airdrops from different projects ● Closed-beta entry/Early access to DeFi project/Whitelist Slot ● Discounts on processing fee ● Unsecured Loan ($RUSD) The latter is a loan that doesn't require collateral. Also, the maximum amount a user can request depends on their credit rating. The initial fund for the unsecured loan will come from Rh!noX Treasury and represents the income from selling Rh!noX NFTs. Lastly, the loan amount will affect the interest rate and will be collected in $RUSD. Trading Rh!noX NFTs will not impact the credit rating of their respective owners. Furthermore, the accumulated credit score is connected to an Rh!noX NFT and could be transferred to another user. Multidimensional Behavior Analysis Model The system has an in-built cohesive analysis model studying the NFT owner's characteristics, personality, and reliability. To reach this conclusion, the system will consider the wallet’s address and interactions, such as: ● Trading History ● On-chain Behavior ● Project Preferences ● Asset Portfolio ● Liability Status ● Attended Campaigns & Events ● Airdrops History Ultimately, this list will expand to include more factors without sacrificing the anonymity of web3.0 technology. Here is a use case of this analysis model. Rh!Drop With Rh!Drop, developers can target on-chain users depending on asset values, interests, trading styles, credit ratings, etc. This feature will be an on-chain airdrop targeting service and the primary tool for on-chain project developers. For example, they can use it to deliver airdrops to target receivers matching specific criteria. To better understand the idea, think about Google Ads. Google Ads distributes customized advertisements to selected users based on their past behaviors on the internet. The suitable ads will be served to the right target audience. Rh!noX works similarly. In simple terms, this does not only benefit project owners but also every user on Web3. Project owners & developers could improve their project awareness and expand their communities easily after identifying the right audience for their projects. At the same time, common users would enjoy the airdrops from different projects or even early information without having to do any additional tasks as long as their overall credibility and ‘personal profile’ are good. Sociality of Rh!noX NFT The project also comes with various social features, such as: Social Identity Rh!noX Official will verify the individuals’ background. Also, it will allow users to identify the other person's trustability depending on the data the Soulbound Token collects. This way, future Web3.0 users can visit the profile of a wallet address and identify essential details, such as capital level, project preferences, active areas, trading style, etc. This tool also eliminates fake IDs, false claims over assets, and more. Its level of transparency will be accessible to everyone. For instance, if a user has more than 10,000 $BTC in a wallet, it will receive the "BTC Whale" title, which should tell developers everything they need to know about this individual. Rh!neT This feature will operate like a web3.0 networking platform, enabling users to check someone’s profile, social status, social network, send instant messages, etc. Its main goal is to help users connect and build a community on transparency, credibility, and high-quality identity. About Rh!noX Team Rh!noX has extensive experience in the blockchain industry, traditional game development, and game publishing (learn more about BinaryX). The core team members are from Silicon Valley and participated in the development of the early BNB Chain and Polkadot chain and have made outstanding contributions to the development of the industry. One thing worth mentioning is that before entering the blockchain industry, the team worked in the financial services industry, that's providing loans, mortgages, and wealth management services for many years. Backed by this unique experience, Team Rh!noX fully understands every financial feature of NFT and lays a good foundation for the real-life application of Rh!noX NFT. Team Rh!noX holds a firm conviction that there is a huge and undiscovered space for what NFTs could become and that NFTs should have more than just showing artistic value and signaling wealth. It was when the team couldn’t stop questioning themselves: What if NFTs could work as certificates? What if NFTs could represent one’s credibility? What if NFTs could work like a Digital Mastercard? What if Rh!noX could build the foundation of social relationships of trust? By solving these questions and putting these ideas together, a wider door will be opened to blockchains, and the ecosystem will become more than just about money, but trustable and fun to stay in. Despite the bearish market, the team believes it is the right time to develop and expand the project to benefit its users. To this end, they added new members and planned future collaborations with other projects to increase the practicality of the Rh!noX ecosystem and beyond. As a result, Rh!noX stands out from the growing crowd of NFT projects, which often lack utility and long-term sustainability. Rh!noX’s utilities aim to cover the entire Web3.0 in the future, not just on the BNB Chain, as it’s the only way to maximize the functionality of Soulbound NFT. Up to this day, Rh!noX has achieved the following achievements after its first auction sale: Rh!nox: Sold out in Dutch Auction Sold out 10000 units at 9BNX in 4 hours Rh!nox: Most-traded NFT Collections On Binance NFT Marketplace Listed in June and achieved $1.5m trade volume in the last 7D For more information about Rh!noX visit: Website | Twitter | Medium | Discord ContactsChun [email protected]
255 days agocryptodaily
BTCNEXT Foundation Hong Kong reports twice as many CEX users
During 2021, BTCNEXT Foundation, Hong Kong managed to double the number of BTCNEXT Exchange users. The trading platform has now reached 70,000 users. This was facilitated by new coin listings, improved functionality and better market conditions. As reported, in a single year, BTCNEXT Foundation Hong Kong listed 13 new coins on its exchange so as to provide users with additional trading tools. Most of the new cryptocurrencies are top-class DeFi tokens that are widely traded across the industry, e.g. DOT, MATIC, 1INCH, etc. One of the drivers behind this impressive increase is BNX - the platform’s native token. It guarantees several benefits, including trading fee discounts and the opportunity to become a BTCNEXT Angel (premium users). BNX uses token burning mechanics to retain its price. The last token burn took place in December 2020, reducing the total supply to 250 million. The coin strengthened its position and attracted new holders. In the summer, BNX reached $0.40, which is a 10-fold increase on the bottom price. BTСNEXT Angels are another reason why the inflow of users saw a sharp increase. As premium users and core BNX holders, they helped BTCNEXT Foundation Hong Kong achieve a new level of stability. Last but not least is the efforts made by the BTCNEXT Foundation Hong Kong themselves. The team has continuously been improving the exchange’s functionality. Recent major upgrades have favorably impacted the exchange's core, which now works faster and can handle the increased loads brought on by the influx of new users. A team representative commented on this great achievement: “This is a great result to share with the world and a great feeling seeing your efforts pay off. We’re proud to reach this milestone and intend to continue moving forward. The BTCNEXT Exchange is capable of gaining even more popularity. We plan to introduce some major improvements and hope that they will allow us to reach out to a global audience.” BTCNEXT Foundation Hong Kong plans to significantly improve the exchange’s sustainability and introduce DEX services, indicating that the team is gearing up for massive things to come. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
260 days agocryptodaily
Number of BTCNEXT Exchange users doubles in 2021
Yet another great milestone for the BTCNEXT Exchange - the number of active users doubled during the bullish 2021! It’s nice to see consistent work getting positive results. The year 2021 sizzled for BTCNEXT Foundation, Hong Kong, - the company that runs the BTCNEXT Exchange. There are now twice as many active users on it than there were in 2020. Today, the trading platform has 70k users! This is yet another important milestone in the development process. How this height was conquered Foundation, Hong Kong, has been making titanic efforts on a consistent basis to improve the user experience. In 2021, the BTCNEXT community witnessed multiple listings, bonus distributions and core improvements. The work is ongoing, round-the-clock. A big reason for the crypto exchange’s popularity was the addition of BNX - a native token that guarantees trading fee discounts and the opportunity to become a BTCNEXT Angel. December 2020 was when the last token burn took place, reducing the total supply to 250 million. The BXN price significantly strengthened its position and attracted new holders. In the summer, the price reached $0.40, which is x10 from the bottom. Another key contributing factor is the role played by BTСNEXT Angels - these are premium users and the main BNX token holders. They helped the team to achieve a long-awaited level of stability. For their loyalty, bonuses are regularly awarded to these users. This too is a way to attract new users! But the key factor is the continuous efforts of the BTCNEXT Foundation, Hong Kong team. Throughout the year, the team has put in a tremendous amount of work to improve the exchange’s functionality. These upgrades have impacted the exchange's core which now works faster and can handle the increased loads brought on by the influx of new users. Plan for the future BTCNEXT wishes to recommend itself as a strong player in the crypto industry. BTCNEXT Foundation, Hong Kong, the team behind the project, is doing its best to deserve an international user-base and expand its popularity globally. Recently, the team embarked on a huge initiative to significantly improve the exchange’s sustainability, which shows that the team is gearing up for massive things to come. Let’s see what the future holds! To learn more about BTCNEXT, visit the official website. Or find them on Twitter, Telegram, Facebook, Medium & LinkedIn. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About BinaryX

The live price of BinaryX (BNX) today is 137.016 USD, and with the current circulating supply of BinaryX at 2,022,897.57 BNX, its market capitalization stands at 277,169,741 USD. In the last 24 hours BNX price has moved 1.3542 USD or 0.01% while 1,920,710 USD worth of BNX has been traded on various exchanges. The current valuation of BNX puts it at #130 in cryptocurrency rankings based on market capitalization.

Learn more about the BinaryX blockchain network and how it works or follow the price of its native cryptocurrency BNX and the broader market with our unique COIN360 cryptocurrency heatmap.

BinaryX Price137.016 USD
Market Rank#130
Market Cap277,169,741 USD
24h Volume3,843,503 USD
Circulating Supply2,022,897.57 BNX
Max Supply21,000,000 BNX
Yesterday's Market Cap280,441,440 USD
Yesterday's Open / Close137.279 USD / 138.634 USD
Yesterday's High / Low140.661 USD / 137.274 USD
Yesterday's Change
0.01% ( 1.3542 USD )
Yesterday's Volume1,920,709.50 USD
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