Many people thought BinaryX (BNX) ran an airdrop in early 2025. They were wrong. There was no free token giveaway. No sign-up. No claiming. No surprise drops to wallets. What actually happened was a mandatory token swap - and it changed everything.
The BNX Token Didn’t Just Upgrade - It Disappeared
On March 18, 2025, at 03:00 UTC, Binance stopped trading all BNX pairs: BNX/USDT, BNX/USDC, and BNX/TRY. By 03:30 UTC, deposits and withdrawals for BNX were frozen. This wasn’t a glitch. It wasn’t a maintenance pause. It was the beginning of the end for the BNX token. By March 19, the old BNX ticker was gone. In its place: FORM. Every single BNX token held on Binance was automatically converted to FORM at a 1:1 ratio. No action needed. No claim form. No wallet address to update. If you had 100 BNX, you now had 100 FORM. That’s it. This wasn’t an airdrop. An airdrop gives you something new for free. This was a replacement. The old token was retired. The new one took over. Binance didn’t just list a new coin - they erased the old one from their system. After March 19, you couldn’t send or receive BNX anywhere on the exchange. It was permanently deactivated.Why Did BinaryX Do This?
No official press release explained why BinaryX rebranded to Four (FORM). No roadmap update detailed the shift. But the timing tells a story. BinaryX started as a GameFi platform - blockchain games where players earned tokens by playing. By late 2024, the GameFi hype had cooled. Many projects struggled to keep users engaged. BNX’s price had dropped from its $3.50 peak in 2023 to around $1.20 by March 2025. Trading volume was shrinking. The community was quiet. Rebranding to Four wasn’t just a name change. It was a reset. The team likely wanted to distance themselves from the failed GameFi narrative. The new name - Four - suggests structure, balance, or a new phase. Maybe it’s about four pillars of the ecosystem. Maybe it’s just a fresh start. Either way, the token swap was their way of hitting the reset button without asking users to vote on it.What Happened to Your BNX?
If you held BNX on Binance, you got FORM. No questions asked. The exchange handled everything. But if you held BNX on a personal wallet - MetaMask, Trust Wallet, or a hardware device - you were left out. No automatic swap happened. No email. No notification. You had to manually bridge your tokens through BinaryX’s official portal, which required connecting your wallet and approving a transaction. Many users missed this step. Some still have BNX tokens sitting in wallets that are now worthless. The official swap portal closed on March 25, 2025. After that, there was no way to convert BNX to FORM unless you were on a supported exchange. If you didn’t move your tokens before then, you lost them.
FORM Token: What’s Different Now?
The FORM token has the same supply as BNX did - 180 million total. But the use case changed. The team quietly shifted focus from gaming to a broader Web3 infrastructure play. FORM is now used for staking, governance, and accessing new tools under the Four ecosystem - like decentralized game publishing and NFT liquidity pools. The price didn’t jump after the swap. FORM opened at $1.18 on March 19, 2025 - slightly below BNX’s last traded price. Market sentiment stayed in ‘Fear’ territory. The 14-day RSI hovered near 17, meaning the token was oversold. Volatility remained high at 27%. There’s no evidence that FORM has a bigger user base or higher trading volume than BNX did. The rebrand didn’t magically fix the project’s problems. It just gave them a new name.Don’t Confuse BinaryX with Binaryx
There’s another company called Binaryx - no capital X - that runs a real estate investment platform. They also updated their system in March 2025, adding SEPA transfers and EUR support. But this has nothing to do with the crypto project. People mixing them up led to confusion in forums and Reddit threads. If you’re looking for info on BNX or FORM, ignore anything about property investments.
