Binance NFT Marketplace releases Rh!noX by BinaryX, a new NFT asset
The Binance NFT Marketplace has revealed in a tweet the debut of “Rh!noX by BinaryX” NFT Collection on its Market. The subscription mechanism will include a new collection, which is expected to be live later this week.
According to Binance, “Rh!noX is an experimental project by BinaryX, a Binance Labs-backed team, that focuses on the creation of new ways to utilize NFTs.”
The Collection will initially feature 10 artworks with 1/1 minting. Notably, all the artworks are unique and not for sale.
BinaryX is the game engine powering CyberArena and CyberDragon, Binance Smart Chain’s famous Play-to-Earn games (BSC). nPlayers may construct equipment and characters out of NFTs. Players can also gain daily bonuses and earnings as they have fun.
“Rh!noX by BinaryX” NFT Collection attributes
BinaryX’s “Rh!noX by BinaryX” includes unique NFT images with diverse accessories, including different backdrops and facial characteristics. A single NFT is worth 7 BNX. 7 BNX is currently worth $0.07, but the price will rise as new artworks are minted.
The NFTs in this collection can be used in various Binance chain games, like CyberDragon and CyberArena. They are also available for display on Binance NFT’s Marketplace Wallet.
The “Rh!noX by BinaryX” NFTs grant holders varied prerogatives and entitlements on platforms according to their credit scores. For example, they can be used as “avatars” in Binance’s new social media project, Binance Info.
Binance NFT Marketplace is the first of its kind. To offer such a wide variety of options for users with different backgrounds and preferences. This makes it an ideal place to start exploring the world of NFTs
Binance’s Smart Chain in the future
BSC’s future applications will utilize NFT items as soulbound certifications and status symbols. NFT icons may be utilized to identify important GamFi, Web3, or DeFi, participants, and designers.
The Binance NFT marketplace will award 100 BNX tokens. To all top 20 clients during the “Rh!noX by BinaryX” NFT Collection’s active period.
During the token initial sale, each account is allowed to buy only one “Rh!noX by BinaryX” NFT. The users may then sell their NFTs on the secondary market after the allocation is completed.
However, before they commence trading their NFTs on Binance’s secondary market, they must complete KYC registration.
The account is also allocated 1% of its BNX tokens. With each user receiving a BNX token voucher to spend on the network.
The voucher has a 30-day validity period and may be used. By any user who logs into their account and selects “Reward Center” from the drop-down menu.
Binance has the authority to ban users who engage in fraudulent behavior or who create a lot of accounts to deceive the system.
BNX tokens will be airdropped to the Binance Chain (BNB) address that is linked to the Binance account. The Binance team has stated that they have plans to release more NFTs in the future and are currently working with different artists.
The Binance NFT Marketplace will also be launching an airdrop campaign in which participants can win up to $1,000 worth of BNX tokens.
This new marketplace provides a one-stop solution for buying, selling, and managing NFTs. It also supports the issuance of new NFT collections and allows users to create their NFT portfolios.
The Binance NFT Marketplace will also offer a “subscription” model for users to be able to access the new collection.
The subscription service is priced at 0.1 BNB per week. Users can buy the subscription with Binance Coin (BNB), an Ethereum-based token, or with BUSD.
Keep an eye out for more Binance NFT Marketplace releases in the future!