BinaryX’s AMA Recap: Embracing Challenges, Key Product Updates, and Innovating the Future of GameFi

BinaryX
5 min readJun 15, 2023

Greetings BinaryX Community,

In an era of constant evolution and change, community engagement stands as a cornerstone of our success. It was a pleasure having you at our latest Discord AMA, where we addressed concerns, shared market insights, and unveiled our upcoming plans. For those who missed the event, here’s a recap.

Crypto Market Challenges

The recent SEC legal action against Binance has stirred the crypto world, raising many questions regarding regulatory oversight. The incident has escalated market volatility and led investors to tread cautiously. Unfortunately, like other sectors in the crypto space, GameFi hasn’t been immune to these dynamics. Nevertheless, we at BinaryX have predicted this downward trend and have taken proactive measures to ensure our long-term sustainability since early 2022, formulating a comprehensive GameFi platform that connects players, investors, and developers, offering an expanded vision for Web3 Gaming.

Addressing Community Concerns

The rise of hostility and aggressive commentary on Twitter hasn’t gone unnoticed. While we appreciate open dialogue and constructive feedback, we firmly believe that personal attacks and spiteful behavior impede our project’s growth and negatively affect our investors. In these uncertain times, we appeal to our community to stand together, foster insightful discussions, and avoid hostility.

We are committed to keeping you informed and updated as we navigate these challenging times together. By working collaboratively, we are confident that we can overcome these obstacles and emerge stronger than ever.

Difficult roads often lead to beautiful destinations.

Exciting Announcements

In our commitment to pushing the boundaries of Web3 gaming, we’ve begun utilizing generative AI to augment gameplay and generate fascinating narratives. We’re also thrilled to reveal that we’re developing another AI-powered game, scheduled for launch later this year.

This new venture into VR and AIGC technologies marks an exciting milestone for us and redefines what a gaming experience could be. More details will follow soon!

Project Matthew Update

We’re happy to share the following changes to Project Matthew:

  1. In order to cater to our users who are mobile-centric, we are developing iOS and Android mobile applications for Project Matthew.
  2. We are preparing an in-game reward called MATTHEW GIFT BOX to reward participants who actively participate in BinaryX and Project M actively
  3. Fixed bugs and user feedback given during internal testing

Our dedicated team has been hard at work ensuring that Project Matthew offers a top-tier gaming experience. From developing iOS and Android mobile applications to implementing MATTHEW GIFT BOX rewards for active participants, we’re sparing no effort. While we understand that delays can be disheartening, we’re confident that the additional time invested will deliver a product that adds tremendous value in the long run.

Unveiling New CyberChess Developments

CyberChess, one of our flagship offerings, has received tremendous support from our community, particularly from our passionate player base in Brazil. As we navigate these unprecedented times, we remain steadfast in our mission to deliver immersive, captivating, and rewarding gaming experiences. Here’s a preview of the enhancements coming your way.

Reducing Waiting Times with a New Queue System

We’re revolutionizing Match Mode by significantly reducing waiting times. Nothing hampers the thrill of a game quite like long waits. By introducing a new queue system, matches will now kick-off as soon as two players are available, ensuring more engaging gameplay sessions.

Custom Rooms for Personalized Experiences

Next, we are excited to empower our players with the ability to set up custom rooms. This feature allows players to compete against each other directly, opening up private rooms for thrilling events and personalized competitions. Imagine hosting your own tournaments, where strategies are crafted with your friends in mind. The possibilities are endless, and we can’t wait to see the creative ways our community will utilize this feature.

Two New Heroes on the Horizon

Yes, we are introducing two new heroes! Each character will come with unique skills and gameplay mechanics, offering fresh routes to mastery. These additions expand the strategic depth of CyberChess, sparking renewed interest and encouraging players to revisit their game plans.

A Rewarding System for Dedicated Players

Finally, we are extremely grateful for the commitment and skills our players bring to our platform. To show our appreciation, we are launching an additional prize pool specifically dedicated to Match Mode and Private rooms. This reward system aims to recognize the dedication of our players while adding an extra layer of competitiveness to the gameplay experience.

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 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

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