1. What is BNX?

The past and present of BinaryX(BNX)

  • BinaryX was originally positioned as a decentralized derivatives protocol, developed on Binance Smart Chain (BSC) and Ethereum, focusing on binary options trading. It adopts an improved automated market maker (AMM) model, and users can obtain BNX token rewards by trading or providing liquidity. After launching in 2021, BNX attracted early attention due to the DeFi craze, with a historical high price of $266.98.

  • With the rise of blockchain games (GameFi), BinaryX has gradually shifted its focus to the gaming ecosystem. In 2021, the MMORPG game CyberDragon was launched, where players can earn tokens through combat and equipment systems, and trade NFT assets. This transformation has expanded its token economic model from simple transaction incentives to in-game applications, such as equipment upgrades, PVP competitions, etc.

  • In 2023, BinaryX carried out a token swap, with the old tokens exchanged for new BNX at a ratio of 1:100. The maximum supply was adjusted to 2.1 billion, and the circulation was gradually released.

2. Why did the market ignite again recently?

  • The on-chain currency $TST is the official test currency of four, which is as famous as pump.

  • Four Meme was incubated by the BinaryX team

  • Influenced by CZ’s tweet, the market value of $TST quickly rose from $500,000 to $30 million+

  • Binance will launch Test (TST) and open spot trading pairs at 19:00 on February 9, 2025 (GMT+8)

3. Recent News

  • On February 9, possibly affected by the news of Binance launching TST, according to GMGN market data, the market value of TST increased by about 70% in the past hour, reaching US$300 million.

  • CZ responded to a tweet about BNB-related discussions on the social platform X, saying, “It’s not just me, it’s also the community I’m in. That TST token has nothing to do with me.”

4. Risks

On February 9, Binance founder Changpeng Zhao (CZ) posted a message saying, “I just heard that TST already has a website and an X account. As far as I know, neither of them is made or controlled by BNB Chain or any Binance-related team. It is controlled by someone in the community. I don’t know who it is.”

"But there is a problem now. They used Binance's logo without authorization. This is an infringement and needs to be changed. I suggest using ✅ (passed the test) or something like that. Like all meme coins, I have never bought it and do not own TST. Now it is a completely community behavior. Please protect yourself and be responsible for your own actions." $BNX