BinaryX (BNX) officially changed its name to Four, aiming to improve brand recognition, move towards the Web3 future, and increase the utility of the new Four token.

BinaryX changes its name to Four, the BNX token price "soars"

BinaryX, the platform for GameFi and IGO, recently announced the rebranding to Four, marking a crucial step towards a broader blockchain vision.

This change received strong support from the community in a vote held in 09/2024 with the following main objectives:

• Change the token code to a new one, but keep the total supply unchanged, to fit the new cultural identity of the project.
  
  
• Attract more developers and users globally.
  
  
• Increase brand recognition, making it easier for people to discover and interact with the project.

This milestone marks a closer connection between Four and Four.meme, the fair launch memecoin platform incubated and launched by BinaryX in 07/2024. This transformation affirms the pioneering role of BinaryX (now Four) in DeFi innovation, especially in the BNB Chain ecosystem.

🚀 BinaryX is now Four!

A new era begins as we officially rebrand to Four—a bold step toward expanding the DeFi ecosystem and embracing https://t.co/GeRNlmuhJq, the meme fair launch platform we incubated - @four_meme_

✅ $BNX → $Four 1:1 swap
🌍 New website & expanded utility… pic.twitter.com/8UvwUEyZMK

— BinaryX (@binary_x) February 21, 2025

In the announcement, the Four team also disclosed the token conversion plan:

• BNX will be converted to FOUR token at a 1:1 ratio, and users can swap them when the system is updated.
  
  
• The maximum supply will remain unchanged from BNX.
  
  
• The token distribution model of Four will be similar to BNX.
  
  
• Token utility: FOUR will serve as the project's Governance Token, inheriting all the applications of BNX, and expanding into Four.meme and other platforms in the Four ecosystem.

Afterward, Four will launch a completely new website, allowing community members to easily access the GameFi platform, IGO launchpad, and Four.meme, further enhancing the user experience.

Four pledges to drive innovation and expand the DeFi ecosystem on the BNB Chain. With the brand upgrade and platform expansion, Four promises greater collaboration opportunities, enhanced brand recognition, and increased real-world utility of the token.

Immediately after the news, the BNX token witnessed a surge of over 40% in the past 24 hours, currently trading around $1.24 - equivalent to a 335% increase in the last year.

The latest 24-hour price movement of the BNX token, captured at 07:20 PM on 21/02/2024 on CoinGecko.

BinaryX started as the CyberDragon game project on the BNB Chain, then evolved into a GameFi studio and launchpad platform for many new games. The project received investment from Binance Labs in 12/2021, but a year later was embroiled in the BNX "Dump" controversy.

BinaryX is not the only project that has rebranded. Previously, some other names also made similar moves, such as Litentry (now Heima), Ethernity Chain (now Epic Chain), Mines of Dalarnia (changed to Dar Open Network).

Compiled by Coin68