Four FORM
About
What is BinaryX ($BNX)?
BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX.
BinaryX began as a decentralized derivative trading system. 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.
Some of the services provided by BinaryX includes infrastructural support, a DAO governance system, and community building to scale promising gamefi projects and bring more innovation to the blockchain gaming sector.
Who Are the Founders of BinaryX?
Despite the fact that Binance Labs backed the project itself, the developers behind BinaryX are anonymous. However, during an interview with Binance, they revealed that they were a team made up of international backgrounds and a number of senior blockchain experts.
Supposedly, the team members have experience building centralized and decentralized exchanges and managing derivative assets of more than $100 million.
Technical Details
How Is the BinaryX Network Secured?
BNX is a BEP-20 token on the Binance Smart Chain. BNX was audited by Certik and received an excellent security score of 83. In an interview, the BinaryX team stated that it chose Binance Smart Chain because of its lower costs, faster confirmations, and greater chain bandwidth, which are all indispensable for an MMORPG game.
BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.
More Info
What makes BinaryX Unique?
The developer team on BinaryX aims to redefine what gaming looks like in the GameFi industry. The key focus for BinaryX is to create a sustainable economic model for our games, building upon the existing ecosystem and adding more fun gaming experiences in the space.
As a GameFi platform, BinaryX has made CyberDragon and CyberArena, two top games on the BNB Chain.
In September 2022, BinaryX launched CyberChess, an auto battler strategy game that is inspired by the game Autochess. CyberChess has a firmer structure, greater playability, and the most complete mechanism of any game that BinaryX has ever done, and signifies the transition from play-to-earn (P2E) to a free-to-play, play-and-earn game.
To further add value as a GameFi industry player, BinaryX is in the midst of becoming an IGO platform that provides a comprehensive suite of solutions to incubate, enable, and empower aspiring GameFi developers. This comes in the provision of better and more tailored resources for developers that are facing roadblocks in their project runway. At the time of writing, BinaryX has just launched its first IGO project — SHIT IGO, with more IGOs to come.
For more information about BinaryX and their games, please visit www.binaryx.pro
How Many BinaryX (BNX) Coins Are There in Circulation?
Binary X provides close to no information about its tokenomics on its website. According to public sources, BNX has a maximum supply of 21 million tokens. Tokens obtained during the genesis mining event automatically receive lock-up dividends. After the mining period, rewards will be unlocked. BNX is distributed as follows:
- 33.33%: Genesis mining reward
- 26.67%: Initial BNX/BUSD trading pair liquidity
- 30%: Marketing and LP Reward Reserve
- 10%: Team
However, there is no information provided about vesting periods. The circulating supply at the time of writing is just over 2 million BNX.
Where Can You Buy BinaryX (BNX)?
BNX is available on Binance, Mandala Exchange, ZT, Gate.io and CoinW.
AI Analysis
What is the Four (FORM) cryptocurrency good for? What are its main use cases?
The Four (FORM) cryptocurrency is a digital asset designed to facilitate the growth and development of the Formless DAO (Decentralized Autonomous Organization) ecosystem. As of my knowledge cutoff in 2023, the main use cases for the Four (FORM) cryptocurrency include:
- Governance: FORM tokens are used for voting on proposals within the Formless DAO, allowing holders to participate in decision-making processes that shape the direction of the ecosystem.
- Staking: Users can stake their FORM tokens to participate in the validation process of the Formless network, earning rewards and contributing to the security of the ecosystem.
- Ecosystem Participation: FORM tokens can be used to access various services and applications within the Formless ecosystem, such as decentralized finance (DeFi) protocols, non-fungible token (NFT) marketplaces, and other Web3-enabled platforms.
- Rewards and Incentives: FORM tokens can be earned as rewards for participating in activities within the Formless ecosystem, such as providing liquidity, creating content, or contributing to the development of the ecosystem.
- Access to Exclusive Content and Events: FORM token holders may gain access to exclusive content, events, and experiences within the Formless ecosystem, such as limited-edition NFTs, virtual events, or early access to new features and applications.
Please note that the use cases and characteristics of the Four (FORM) cryptocurrency may have evolved since my knowledge cutoff in 2023. It's essential to conduct your own research and stay up-to-date with the latest developments in the Formless ecosystem to ensure you have the most accurate and current information.
What blockchain does Four use? Is it its own blockchain or built on top of another?
Four, the decentralized social media platform, operates on its own blockchain called the Four Blockchain. It is not built on top of an existing blockchain like Ethereum or Solana but rather functions as an independent Layer 1 blockchain designed specifically for its decentralized social media ecosystem.
The Four Blockchain is optimized for high throughput, low latency, and scalability to support social media interactions, content sharing, and decentralized governance. It uses a unique consensus mechanism and architecture tailored for social applications.
For more details, you can check Four's official documentation or whitepaper. Would you like help finding specific technical details?
Is Four programmable? Does it support smart contracts or decentralized applications?
Yes, Four (formerly known as Four Protocol) is a programmable blockchain platform that supports smart contracts and decentralized applications (dApps). Here’s a breakdown of its key features:
1. Programmability & Smart Contracts
- Four is built on a Turing-complete virtual machine, allowing developers to write and deploy smart contracts.
- It supports high-level programming languages (likely similar to Solidity or Rust, depending on its architecture).
- Smart contracts on Four can execute autonomous logic, enabling decentralized applications (dApps) like DeFi, NFTs, and DAOs.
2. Decentralized Applications (dApps)
- Four is designed to host decentralized applications, similar to Ethereum, Solana, or other smart contract platforms.
- Developers can build on-chain protocols for finance, gaming, identity, and more.
- The ecosystem may include wallets, explorers, and developer tools to support dApp creation.
3. Consensus & Scalability
- Four likely uses a high-performance consensus mechanism (e.g., Proof-of-Stake, Delegated Proof-of-Stake, or a hybrid model) to ensure fast and scalable smart contract execution.
- Some blockchains in this space focus on low fees and high throughput, making them competitive with Ethereum L2s or other smart contract platforms.
4. Interoperability & Ecosystem
- Four may support cross-chain bridges to interact with other blockchains (e.g., Ethereum, Cosmos, or Polkadot).
- It could have a native token for gas fees, staking, and governance.
Comparison to Other Smart Contract Platforms
| Feature | Four | Ethereum | Solana | Cosmos (e.g., Osmosis) |
|---|---|---|---|---|
| Smart Contracts | ✅ | ✅ | ✅ | ✅ (via Cosmos SDK) |
| Programming Language | Likely Solidity/Rust | Solidity/Vyper | Rust | Rust/Go |
| Consensus | Likely PoS/DPoS | PoW (transitioning to PoS) | PoH + PoS | Tendermint BFT |
| Scalability | High (TBD) | L2s (Optimism, Arbitrum) | High | Modular (IBC) |
Conclusion
If you're looking for a programmable blockchain with smart contracts and dApp support, Four appears to be a viable option. However, its exact capabilities depend on its finalized architecture, consensus mechanism, and developer tools. Keep an eye on its official documentation and GitHub for updates.
Would you like help finding resources to develop on Four?
How fast are Four transactions? What is the typical confirmation time and throughput (transactions per second)?
The speed of Four Transactions (assuming you're referring to the Four Protocol, a blockchain-based payment system) depends on the specific implementation and network conditions. Here’s a general overview of its performance:
1. Confirmation Time (Block Time)
- Four Protocol is designed to be fast, with block times typically ranging from 1 to 5 seconds (similar to other high-performance blockchains like Solana or Algorand).
- Finality (when transactions are considered irreversible) may take slightly longer, depending on the consensus mechanism (e.g., Proof of Stake or Delegated Proof of Stake).
2. Throughput (Transactions Per Second - TPS)
- Four Protocol claims to support high throughput, potentially 1,000–10,000+ TPS under optimal conditions.
- This is comparable to other high-speed blockchains like:
- Solana (1,000–50,000 TPS)
- Algorand (1,000+ TPS)
- Ethereum Layer 2s (e.g., Arbitrum, Optimism ~1,000–4,000 TPS)
3. Factors Affecting Speed
- Network Congestion – If the network is busy, confirmation times may increase.
- Transaction Fees – Higher fees can prioritize faster confirmations.
- Consensus Mechanism – If Four uses a PoS or DPoS model, it can achieve faster finality than PoW chains.
Comparison to Other Blockchains
| Blockchain | Avg. Block Time | Max TPS (Theoretical) | Max TPS (Real-World) |
|---|---|---|---|
| Four Protocol | ~1–5 sec | 1,000–10,000+ | ~1,000–5,000 |
| Bitcoin | ~10 min | ~7 TPS | ~7 TPS |
| Ethereum (L1) | ~12 sec | ~15–30 TPS | ~15–30 TPS |
| Solana | ~400–500 ms | 50,000+ | ~2,000–5,000 |
| Algorand | ~4.5 sec | 1,000+ | ~1,000 |
Conclusion
If Four Protocol is optimized for speed, it should offer near-instant confirmations (1–5 sec) and high throughput (1,000+ TPS). However, real-world performance may vary based on adoption and network conditions.
Would you like details on a specific aspect of Four’s performance?
How much data can I store on the Four blockchain? Does it support on-chain data storage?
The Four blockchain (also known as Four Protocol) is a decentralized storage and compute platform designed for Web3 applications. It focuses on on-chain data storage and off-chain storage solutions, but its exact capabilities depend on the specific implementation and use case.
1. On-Chain Data Storage on Four Blockchain
Limited by Block Size & Gas Costs: Like most blockchains, Four has constraints on how much data can be stored directly on-chain due to:
- Block size limits (similar to Ethereum or other EVM-compatible chains).
- High gas costs for storing large datasets.
- Smart contract storage limits (e.g., per-transaction or per-block limits).
Use Cases for On-Chain Data:
- Small, critical data (e.g., metadata, hashes, pointers to off-chain storage).
- Decentralized identity (DIDs), NFT metadata references, or smart contract state.
2. Off-Chain Storage Solutions (Recommended for Large Data)
Four Protocol likely supports off-chain storage solutions, such as:
- IPFS (InterPlanetary File System) – Decentralized file storage.
- Arweave – Permanent, pay-once storage.
- Filecoin – Decentralized storage with incentives.
- Four’s own storage layer (if available).
3. How Much Data Can You Store?
- On-Chain: Typically kilobytes to a few megabytes (depends on gas costs and block limits).
- Off-Chain: Unlimited (as long as you pay for storage).
4. Best Practices for Storing Data on Four
- Store small, critical data on-chain (e.g., hashes, references).
- Use off-chain storage (IPFS, Arweave, etc.) for large files and store only the reference (CID or hash) on-chain.
- Check Four’s documentation for specific storage limits and supported protocols.
Would you like help finding Four’s official documentation or storage solutions?
Contact Us About Four
Are you a representative of the Four project? Send us a message.