2 years ago
Gamefi level BinaryX completed the divided of its autochthonal BNX token connected Feb. 23.
Following the announcement, the aged BNX token surged up to 9500% — portion the caller BNX trades astatine $1.27, according to CryptoSlate data.
BNX 1:100 token split
Token divided is carried retired to summation the full proviso of a token by fractionalizing the asset. In the lawsuit of BNX, the token split was carried retired connected a 1:100 ratio — meaning that 1 aged BNX tin beryllium exchanged for 100 caller BNX.
Prior to the token split, BNX’s maximum supply was capped astatine 21 cardinal BNX — portion its marketplace headdress was astir $386 million.
Following the token divided connected Feb. 23, BNX’s maximum proviso has accrued to 2.1 billion, with a circulating proviso of 2.8 cardinal BNX.
The BinaryX squad expressed optimism that the token divided volition assistance summation BNX’s economical exemplary and summation caller users’ acceptance of the token.
Price deviation
Prior to the token divided event, the aged BNX token was trading astatine astir $100. However, the aged BNX has surged up to 9590% and presently trading astatine $134.4, according to CryptoSlate data.
Meanwhile, the caller BNX token traded astatine a precocious of $1.46 pursuing the token split. As of property time, it has declined by astir 9% to commercialized astatine $1.27.
In airy of the terms deviations, centralized exchanges similar Binance person ceased trading enactment for the aged BNX but let trading of the caller token.
The station BinaryX token surges implicit 9000% pursuing BNX split appeared archetypal connected CryptoSlate.
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