The BinaryX token provides the Gamefi platform to metaverse gaming enthusiasts. The BinaryX token has recently been split, according to recent market announcements. As a result, its token spiked unbelievably nearby 9500% in a single day.
On 23 February, the 85th ranked cryptocurrency — BinaryX — as per market capitalization initiated its split by 1:100 ratio. It means holders can exchange their 1 old BNX token for 100 new BNX tokens.
Following this split, the old BinaryX token rose nearly 9500% in a matter of a few hours. On the other hand, the new split BNX token price stays at the $.71 mark while writing.
According to the official tweet, on February 23, BinaryX went live on cryptocurrency exchanges to unleash the full potential of Web3 Gaming on BNBCHAIN.
The midpoint of this split is to drive mass adoption of BNX’s economy model and increase the acceptance of new users of this given token. Thus, the total circulating supply of BinaryX tokens has increased from 2.8 million BNX to 2.1 billion BNX tokens.
Prior to this split, the old BNX token was trading at around $167 according to TradingView. Later, as of press time, the new BNX cryptocurrency was trading at $1.67.
According to Coinmarketcap, the new BNX crypto price is 30% higher against USDT. Meanwhile, the market capitalization was seen at $497 million.
Binance, the largest cryptocurrency centralised exchange, has stopped the trading and investment of the old BNX token, while they have enabled the new BNX token on the exchange.
