BinaryX reports 700% growth in $BNX despite crypto winter in 2022 Annual Report

BinaryX
2 min readDec 30, 2022

BinaryX just released their first ever annual report for 2022, reporting a 700% growth in their flagship token, $BNX, at its peak despite the yearlong bear market.

The token also hit an all-time high of $457 million USD in market cap.

Besides the token growth, BinaryX reported a steady uptake in user growth, from 98,000 to 130,000 players by the end of 2022.

The report also details BinaryX’s developments in 2022, including the release of chart topping gaming titles, CyberChess, and Rh!noX, the first soul bound NFT token to be launched on the BNB Chain.

Read the complete report here

In December, $BNX token underwent selling pressures in anticipation of a scheduled token release that was announced by the team earlier this year.

“We want to thank all of our supporters that stuck by us and even when times got rough for us year end. We’re happy to say that despite going through a couple of dives over the year, we have managed to come back every single time. We will continue to focus on developing our projects and giving back to our community,” said Rudy S., Head of Growth.

As for future plans, the team is planning ahead for the launch of several projects including CyberLand, new games funded by the Cyber Incubation Fund, and projects launched via BinaryX’s IGO platform in the coming months. The team will also continue to develop the roadmap for Rh!noX, and will work with a number of credible auditing partners to ensure high security standards for their smart contracts. The team recently announced plans for strategic expansion in more territories, including their first official guild partnership with IndiGG, the largest gaming guild in India.

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 30K monthly active wallets. It is also one of the top few 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

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BinaryX

A decentralized play-and-earn GameFi platform & IGO platform (Play CyberChess now: http://www.binaryx.pro/chess) (https://twitter.com/binary_x)