From BinaryX to Four: A unified hub for GameFi, IGOs and MemeFi

Having launched in May 2021, BinaryX, which started out as a decentralized finance (DeFi) platform, has continued to evolve and adapt to the rapidly changing blockchain landscape. However, in the spirit of adaptability and innovation, the platform switched to GameFi, focusing its attention on play-to-earn (P2E) games.

As a GameFi platform, BinaryX has also created an Initial Game Offering (IGO) launchpad from which developers can launch GameFi projects.

Now, BinaryX has rebranded to Four in order to align with the mission of its Four.meme product, a launch platform for the meme coin ecosystem.

Let's learn more about BinaryX and the way it continues to shape the crypto market with innovative products and adaptable business models.

Key Takeaways:

• BinaryX (now rebranded to Four) is a GameFi platform and IGO launchpad powered by BNB Chain and governed by a DAO.

• It has rebranded its name to Four in order to align with its newest product, Four.meme, an ecosystem for meme coins.

• Its native token is BNX, which will now be known as FORM.

What is BinaryX?

BinaryX, a web3 hub for the development of GameFi projects, includes an IGO launchpad to facilitate developers in launching games. It’s powered by BNB Chain.

BinaryX began in 2021 as a decentralized derivative trading system that featured the use of automated market makers (AMMs) to facilitate the trading of binary options. But in 2022, the BinaryX team gradually evolved its project into a GameFi platform in order to adapt to the increased demand for P2E games. Its aim is to make web3 games more accessible and approachable to the vast community of gamers.

BinaryX also developed an IGO launchpad to serve as a comprehensive hub for gaming developers to launch their GameFi projects, and for investors to receive early access to promising new play-to-earn games. Furthermore, the BinaryX team announced the incorporation of a decentralized autonomous organization (DAO) into its GameFi ecosystem so that its community of token holders could participate in voting on governance matters.

Some notable BinaryX games are CyberDragon, CyberChess, Pancake Mayor, Project Matthew and Ai Hero.

In February 2025, BinaryX rebranded to Four in order to align with its latest product, Four.meme, which was launched in July 2024. Following the rebrand, its native token, BNX, would now become FORM to reflect the project's commitment to innovation and adaptability.

BinaryX key features

As one of the top web3 platforms on BNB Chain, BinaryX has continued to innovate and experiment with different business models to adapt to the blockchain landscape's fast-paced nature. To this end, BinaryX has the following diverse products under its wing.

Initial Game Offering (IGO) Launchpad

BinaryX launched its Initial Game Offering (IGO) launchpad in May 2022 as a dedicated platform to support blockchain gaming projects. The launchpad helps game developers secure funding for decentralized video games. They also get a platform on which to build communities and accelerate their web3 game development.

By leveraging BinaryX’s expertise in GameFi and its existing user base, projects gain exposure to a vast community of crypto gamers. The platform offers early access to promising blockchain games, allowing investors to participate in token sales and NFT presales. BNX holders can use their tokens to vote for games' listings on the BinaryX platform, and they also receive rewards, such as game tokens and NFT airdrops, for their participation.

Some notable games launched on the BinaryX IGO launchpad include CyberDragon, CyberArena and Ai Hero. These games showcase BinaryX’s commitment to innovation in GameFi, integrating play-to-earn mechanics, NFTs and decentralized governance to help create immersive gaming ecosystems.

GameFi trading platform

BinaryX's GameFi trading platform is a marketplace designed for seamlessly trading blockchain gaming assets, including NFTs, in-game tokens and virtual items. Launched to support the growing GameFi ecosystem, the platform enables gamers and investors to buy, sell, trade and auction assets from BinaryX-powered games in a secure and efficient manner.

By integrating smart contracts and DeFi principles, BinaryX ensures transparent transactions with minimal fees, and enhances liquidity for in-game assets while empowering players to maximize their earnings.

The BinaryX GameFi trading platform supports transactions involving BEP-20 tokens, ERC-721 NFTs and BEP-721 NFTs.

BinaryX DAO

In January 2022, BinaryX launched the BinaryX DAO, a first for a GameFi project, through which BNX token holders can participate in the project's community governance, determine airdrop and dividend ratios, and submit proposals on how to improve the BinaryX ecosystem.

Case in point: BinaryX's community participated in voting for/against the platform's rebranding to Four during a community vote that was held from Sep 21–23, 2024.

BinaryX Treasury

The BinaryX Treasury serves as the financial backbone of the BinaryX ecosystem, supporting the development and sustainability of its GameFi projects. Some sources of assets used to fund the treasury include initial capital injection by the BNX team, income from gaming activities, income from the IGO launchpad and profit from external investment.

Profits in the BinaryX Treasury are used to reward BNX stakers, incentivize BinaryX sidechain node providers and finance strategic investments in third-party projects.

What Is BNX?

BNX is the native token for the BinaryX platform. Its original maximum supply of 2.1 billion tokens was adjusted to 580 million after a community vote in late July 2024.

BNX is used in the following ways:

• In-game token — BNX is the in-game currency powering games on BinaryX.

• Game development — BNX is also used to fund the creation and development of games on BinaryX.

• Governance — BNX token holders can vote on various decisions and proposals regarding the BinaryX ecosystem.

• Community empowerment — BinaryX incentivizes active contributors in its community using BNX, converted into a soulbound NFT known as Commemorative NFT (CNFT), which stores participation credentials.

Distribution of the 580 million BNX tokens is as follows:

• Market circulation — 50%

• BNX ecological user incentive pool — 26%

• BNX ecological fund — 17%

• BNX team assets — 7%

Following BinaryX's rebranding to Four, BNX will change to FORM, and holders will be allowed to exchange to the new token at a ratio of 1:1 (details to follow at a later date).

BinaryX sub-tokens

BinaryX has integrated a multi-token model. Apart from BNX, the other two tokens associated with the platform are as follows:

• Gold — This token is used inside various BinaryX games for hero upgrades, to purchase treasure chests and purchase tickets to enter the dungeons.

• Crystal — The Crystal token enhances adoption through activities such as recasting equipment in games.

From BinaryX to Four

BinaryX officially rebranded to Four on Feb 21, 2025, following an overwhelming vote via its DAO, marking a significant transformation in its vision for GameFi and DeFi innovation. This shift comes with a revamped website, which will serve as a hub for the GameFi platform, IGO launchpad and Four.meme, a new addition to Four’s expanding ecosystem.

Following the rebranding, a 1:1 token migration from BNX to FORM is necessary in order to enhance the token's identity and align with the project's new direction. FORM remains on the BNB Chain, ensuring smooth compatibility with existing infrastructure.

How to migrate from BNX to FORM

Those token holders who have BNX in centralized exchanges (CEXs) won’t need to do anything — the token swap to FORM will take place automatically. BinaryX will liaise with these exchanges to switch from the BNX contract address to the one for FORM.

However, those HODLing BNX in decentralized exchanges (DEXs), cold wallets and self-custody wallets will need to carry out a manual token swap based on a converter provided by BinaryX. To carry out this token swap, you’ll need to do the following:

1. Go to the Converter landing page (link will be provided at a later date).

2. Connect your web3 wallet.

3. Once connected, click on Replace to carry out the swap.

4. Sign to authenticate your transaction to receive the FORM tokens.

5. Add the new FORM contract address into your wallet to see the new tokens.

Where to purchase BinaryX (BNX)

You can buy BNX as a USDT Perpetual contract (BNXUSDT) on the Bybit trading platform. However, the BNXUSDT contract will be delisted on Mar 17, 2025, 9AM UTC, so make sure to close your open positions and cancel your active orders for BNXUSDT as soon as possible.

Closing thoughts

Over the years, BinaryX has consistently demonstrated strong performance. The rebranding of BinaryX to Four marks a bold step forward in its mission to impact the web3 space. This transformation reflects the project’s commitment to expanding its ecosystem, enhancing token identity and integrating innovative elements, such as Four.meme, alongside its GameFi platform and IGO launchpad.

By adapting to the evolving crypto landscape, Four is positioning itself as a comprehensive hub for web3 and gaming enthusiasts so that it can offer a seamless experience for gamers, investors and meme culture participants. The introduction of the FORM token ensures a more cohesive and recognizable branding, reinforcing Four’s long-term vision. Thanks to the smooth migration process from BNX to FORM, users can continue participating in the ecosystem while benefiting from enhanced liquidity and utility.

Four remains dedicated to GameFi innovation, supporting successful blockchain games such as CyberDragon, CyberArena and Ai Hero, all of which feature play-to-earn mechanics, NFTs and decentralized governance. The revamped platform is designed to foster a dynamic gaming economy, support new game launches and provide a secure environment for trading digital assets. With its rebranding and expanded offerings, Four is set to lead the next wave of blockchain gaming and DeFi innovation, uniting gamers, developers and investors in a vibrant web3 ecosystem.

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