BinaryX

From the fundamental analysis of the BinaryX cryptocurrency ($BNX), reads the fact that this is the cryptocurrency platform for the binaryX ecosystem, which includes DAO and all products and games that use $BNX. Recognizing the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralized video games and is now fully transitioning to be a GameFi platform offering IGO services to bridge Web2 developers to Web3. The project aims to redefine gaming in the GameFi industry and create a sustainable economic model while providing fun gaming experiences. This analysis, assesses various aspects to determine its investment potential.

SOCIAL & MASS MEDIA: Score 5.65 out of 10

BinaryX receives a moderate score of 5.65 out of 10 in the social and mass media category, an important aspect in the fundamental analysis of the BinaryX cryptocurrency. The project excels in attracting followers on social media pages and maintains active chat groups with a sizable community. However, community activity on social media pages could be improved, and the presence in traditional media is limited.

AUDIT & SECURITY: Score 7.65 out of 10

In terms of audit and security, BinaryX scores well with a rating of 7.65 out of 10. The project has undergone audits, demonstrating a commitment to transparency and ensuring the safety of its users. Additionally, BinaryX shows good liquidity on exchanges, providing a reliable trading environment for investors.

TOKENOMICS: Score 2.35 out of 10

The tokenomics of BinaryX receive a lower score of 2.35 out of 10, an essential aspect in the fundamental analysis of the BinaryX cryptocurrency. The project’s token economy lacks strong inflationary controls, and the distribution of the monetary mass appears to be centralized. These factors raise concerns about long-term sustainability and decentralization.

ECOSYSTEM DEVELOPMENT: Score 6.6 out of 10

BinaryX scores reasonably well with a rating of 6.6 out of 10 in ecosystem development, an important aspect in the fundamental analysis of the BinaryX cryptocurrency. The project has achieved its objectives and demonstrates a commitment to bringing new developments to the platform. This proactive approach suggests a positive trajectory for the project’s growth and expansion.

TEAM & DEVELOPERS: Score 1 out of 10

The team and developers category receive a low score of 1 out of 10 for BinaryX, a crucial aspect in the fundamental analysis. The project’s team lacks significant experience, and the number of software developers is limited. These factors raise concerns about the project’s ability to deliver on its goals and maintain ongoing development.

PRODUCT & UTILITY: Score 9.2 out of 10

BinaryX excels in the product and utility category, earning a high score of 9.2 out of 10, an important aspect in the fundamental analysis of the BinaryX cryptocurrency. The project offers a highly useful product and demonstrates strong utility for its tokens within the ecosystem. With a focus on gaming experiences and the introduction of IGO services, BinaryX presents compelling value propositions.

PARTNERS & INVESTORS: Score 5.75 out of 10

BinaryX receives a moderate score of 5.75 out of 10 in the partners and investors category, an aspect considered in the fundamental analysis of the BinaryX cryptocurrency. While the project has attracted a number of investors, there is room for improvement in terms of the capacity and quality of these investors. Additionally, BinaryX has established partnerships, but further growth in this area is desirable to enhance the project’s potential.