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What is the issuance price of BinaryX coins?

BinaryX (BNX) coins, essential for various ecosystem functions including fee payments, staking rewards, and governance participation, were initially priced at $0.05 USD.

Nov 21, 2024 at 02:08 pm

What is the Issuance Price of BinaryX Coins?

BinaryX is a decentralized derivatives exchange built on the Binance Smart Chain. The project offers a wide range of features, including spot and perpetual trading, as well as options and futures. BNX is the native token of the BinaryX ecosystem and is used for a variety of purposes, including:

Paying for trading fees
Staking to earn rewards
Participating in governance

Issuance Price of BinaryX Coins

The issuance price of BinaryX coins was $0.05 USD. The tokens were sold through a series of private and public sales, with the initial public offering (IPO) taking place on November 12, 2021. A total of 1 billion BNX tokens were issued, with 50% being sold through the private sale, 20% through the public sale, and the remaining 30% being reserved for the team, advisors, and other purposes.

Token Distribution

The distribution of BinaryX tokens is as follows:

Private sale: 50%
Public sale: 20%
Team and advisors: 20%
Ecosystem and marketing: 10%

Token Use Cases

BinaryX tokens are used for a variety of purposes within the ecosystem, including:

Paying for trading fees: BNX tokens can be used to pay for trading fees on the BinaryX platform.
Staking to earn rewards: BNX tokens can be staked to earn rewards in the form of BNX tokens.
Participating in governance: BNX tokens can be used to participate in governance of the BinaryX platform.

Conclusion

BinaryX is a promising new project in the decentralized derivatives space. The platform offers a wide range of features and uses a native token (BNX) that has a number of use cases within the ecosystem. The issuance price of BinaryX coins was $0.05 USD and the tokens were sold through a series of private and public sales.

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