BinaryX recently announced the launch of its collection of nonfungible tokens (NFTs). Rh!noX is a 10,000-piece NFT collection that allows holders to use the Rh!noX avatar on different GameFi and decentralized finance (DeFi) applications on BNB Chain.

The series draws inspiration from Soulbound items in the World of Warcraft universe and adopts a similar approach by binding the NFTs to their holders’ interactions, genuinely becoming one-of-a-kind items.

Rh!noX soulbound tokenholders will enjoy several benefits, including access to new GameFi tokens and NFTs on BNB Chain. They will gain exclusive access to beta tests for games, NFT whitelists, DeFi projects and unsecured credit loans.

The project will use an on-chain behavioral analysis system to grade every Rh!noX Soulbound token and track the actions of users on BNB Chain. This process will generate a credit score to determine how many perks and benefits Rh!noX NFT holder can obtain.

BinaryX will apply Fair Dutch Auction to Rh!noX sale that starts on Monday, June 6 at noon UTC. Participants must hold at least 13 BinaryX (BNX) and gas fees to be eligible for the event.

About BinaryX

BinaryX is the company behind the play-to-earn games CyberDragon and CyberArena, both on BNB Chain. The project began as a decentralized derivative trading system before expanding to GameFi and the metaverse. CyberDragon is a dual-token fantasy role-playing game where players can recruit heroes from Cyber Series NFTs with BNX and battle dungeons to earn GOLD tokens.

BinaryX’s governance token BNX serves as a medium of exchange for the platform. BNX tokens are useful in many game functions and platform services, such as recruiting heroes and marketplace transactions. Furthermore, all BNX tokenholders can participate in the project’s decentralized autonomous organization and vote on important issues concerning the project’s development.

As of June 2022, BNX is the eighth largest GameFi project on BNB Chain by tokenholders. Also, it is the fourth most-traded metaverse project by volume. BNX is listed on Binance, KuCoin, Gate.io, Mexc Global, Bitrue, PancakeSwap and more.

The post BinaryX Announces Rh!noX NFT Collection Sale on Monday, June 6 appeared first on iGaming.org.

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