BinaryX [Old] BNX
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What Is BinaryX Protocol (BNX)?
BinaryX Is A Decentralized Derivatives Contract Based On Binance Smart Chain And Ethereum. Users Can Trade Binary Options Conveniently Via BinaryX, Which Adopts An Improved Automated Market Maker (AMM) Model. Participants May Become Automated Market Makers (AMM) For BinaryX Options Contracts By Locking Their Assets. Such A Mechanism Allows Them To Sell Binary Options To Other Users. The Market Makers Provide Liquidity And Help Maintain A Balanced Rate Of Return Among Different Users (Option Sellers, Call Option Buyers, And Put Option Buyers). Initially, BinaryX Instruments Will Be Based On Blockchain Asset Prices BinaryX Will Establish Community Voting And Community Governance Procedures To Solve The Issue Of Pricing And Exercising Determination. Either Option Buyers Or AMM Can Obtain BinaryX Network Tokens (BNX). Users That Hold And Lock Up Their BNX Tokens Earn Dividends From BinaryX Network Profits.
How Many BNX Coins Are There in Circulation?
BNX launched its mainnet on May 7, 2021. The total number of tokens is capped at 21 million. After the initial mining is over, a total of 1.7 million tokens have been generated, and other tokens will be generated during the user's use of BinaryX.
About the BinaryX Team?
The BinaryX team is a International team, members come from many countries, including senior technical personnel in the blockchain industry, they have participated in the development of top centralized trading platforms and decentralized chain projects, as well as from Professionals in the traditional financial industry who have managed derivatives assets of more than 100M USD.