BNX to FORM Token Swap Calculator
This calculator shows how many FORM tokens you received after the March 2025 token swap. The swap was a 1:1 ratio - every 1 BNX token became 1 FORM token. This tool helps you verify your holdings after the BinaryX rebranding process.
Your FORM Balance
After the March 2025 token swap, your 0 BNX tokens were converted to 0 FORM tokens.
When you first heard about a "BinaryX airdrop" you probably pictured free tokens raining down on every holder. In reality, what happened in March 2025 was a full‑blown token swap and rebranding that turned the old BNX token into a brand‑new FORM token. This guide walks you through every step, why it mattered, and what you needed to do to keep your holdings safe.
What was BinaryX (BNX) in the first place?
BinaryX (BNX) a GameFi and Web3 gaming platform that launched its BNX utility token in early 2023 aimed to let players earn crypto while they played. The ecosystem featured titles ranging from casual puzzle games to competitive e‑sports, all powered by the BNX token for in‑game purchases, staking, and governance.
By early 2025 the project had already completed a Token Generation Event (TGE) on 28 February 2023, reached a market cap of roughly $406 million, and was trading around $1.20 per token. The community was relatively active, but market sentiment was mixed - the Fear & Greed Index hovered at 44, signaling “fear” rather than excitement.
The decision to rebrand: From BinaryX to Four
In March 2025 the team announced a strategic pivot. Rather than continuing as a niche GameFi hub, they wanted to broaden into a multi‑chain decentralized finance platform called Four. The core of that shift was swapping the old BNX token for a new token named FORM.
The rebrand served three purposes:
- Unified branding: A single, memorable name - Four - aligns with the platform’s four‑pillar vision (staking, liquidity, governance, and gaming).
- Technical refresh: FORM is built on a newer contract standard that supports faster transactions and better cross‑chain interoperability.
- Investor confidence: By offering a 1:1 swap, the project signaled that holders wouldn’t lose value during the transition.
All of this was executed through a coordinated token swap, primarily on Binance, the world’s largest crypto exchange.
How the token swap actually worked
The swap was a straightforward 1 BNX = 1 FORM exchange. Here’s the timeline and the exact steps Binance took:
- 03:00 UTC, 18 Mar 2025 - Binance removed the BNX/USDC, BNX/USDT, and BNX/TRY spot pairs, effectively stopping BNX trading.
- 03:30 UTC, same day - All BNX deposits and withdrawals were temporarily suspended to lock the token supply.
- 19 Mar 2025, 08:00 UTC - Spot trading for FORM/USDC, FORM/USDT, and FORM/TRY opened. Existing BNX balances on Binance were automatically converted to FORM at the 1:1 ratio.
- 19 Mar 2025, 09:00 UTC - Deposits for FORM began, and withdrawals were enabled shortly after.
If you kept BNX in a non‑custodial wallet, you needed to manually claim FORM by sending your BNX to the swap contract address provided by the BinaryX team. Most users, however, relied on Binance’s automated process because the exchange handled the contract interaction behind the scenes.
Key points to remember:
- No fees were charged for the swap itself.
- The ratio was fixed - 1 BNX became exactly 1 FORM.
- After 19 Mar, BNX deposits were permanently disabled; the token was effectively dead.
What the swap meant for holders
If you held BNX on Binance before the 18 Mar deadline, you didn’t need to do anything. Your Binance account reflected FORM the moment the new trading pairs went live. For wallet users, the process was:
- Visit the official BinaryX swap portal (the URL was posted on the project’s Discord and Twitter).
- Connect your Web3 wallet (MetaMask, Trust Wallet, etc.).
- Approve the contract to read your BNX balance.
- Click “Swap” - the smart contract burned your BNX and minted an equal amount of FORM.
- Check the transaction on Etherscan (or BSCScan, depending on the chain you used).
Because the swap was mandatory, there was no “opt‑out” option. Anyone who tried to keep BNX after the deadline simply found the token non‑transferable and eventually non‑existent on major exchanges.
Market outlook before and after the swap
Before the transition, analysts at CoinCodex predicted BNX could range between $1.02 and $3.21 in 2025, with a mid‑year average of $2.36. Those numbers were based on the old token’s utility in the gaming ecosystem.
After the swap, the market reset. FORM opened at roughly the same $1.20 price level, but the price quickly reflected the broader DeFi market rather than just gaming. Technical indicators gave a mixed picture:
- 50‑day Simple Moving Average (SMA) was $3.29 - well above the current price, indicating a bearish trend.
- 200‑day SMA sat at $2.48, also higher than FORM’s price.
- 14‑day Relative Strength Index (RSI) fell to 17.4, marking the token as oversold and potentially primed for a bounce.
- Volatility stood at 27.39%, showing that traders were still reacting sharply to the rebrand news.
In simple terms, the token was cheap relative to its recent averages, which some traders saw as a buying opportunity. Others stayed cautious because the underlying project was still proving its new DeFi roadmap.
Common misconceptions about the "airdrop" label
The word “airdrop” often triggers excitement, but BinaryX never announced a free distribution separate from the swap. The 1:1 conversion was not a giveaway - it was a forced migration of existing assets. People who missed the deadline and held BNX on an unsupported exchange ended up with a worthless token.
To avoid similar confusion in future projects, always check whether the announcement mentions a “swap” (mandatory, fixed ratio) versus an “airdrop” (voluntary, usually extra tokens for community actions). The former is about preserving value; the latter is about rewarding activity.
Step‑by‑step checklist for anyone still unsure
- Confirm you no longer see BNX on any exchange or wallet.
- Verify FORM balance using the official contract address (0x…FORM on Etherscan).
- If you can’t find FORM, check the swap portal’s FAQ or contact Binance support.
- Consider moving FORM to a hardware wallet for long‑term storage.
- Stay updated on Four’s roadmap - upcoming staking pools, liquidity mining, and governance votes are announced on their Medium page.
Frequently Asked Questions
Did I have to pay any fees to receive FORM?
No. The 1:1 swap was fee‑free. Binance covered gas costs on its platform, and the official swap contract on the blockchain also did not charge a fee.
Can I still trade BNX on any exchange?
No. All major exchanges, including Binance, removed BNX trading pairs on 18 Mar 2025. The token is effectively delisted and unusable.
Is FORM a better investment than the old BNX?
"Better" depends on your view of Four’s new DeFi roadmap. FORM inherits BNX’s supply and community, but its price now follows broader DeFi trends rather than just gaming demand.
How do I claim FORM if I held BNX in a private wallet?
Connect your wallet to the official swap portal, approve the contract, and execute the swap. The portal will burn your BNX and mint the same amount of FORM.
Will there be future airdrops from Four?
The team has hinted at community reward programs, but no official airdrop schedule has been released yet. Keep an eye on Four’s official channels for announcements.
Bottom line
BinaryX didn’t hand out free tokens; it swapped every BNX for a brand‑new FORM token on a 1:1 basis. The process was handled mostly by Binance, and it wrapped up within two days in March 2025. If you still hold FORM, you’re ready for the next phase of the Four ecosystem. If you missed the swap, unfortunately BNX is now dead and there’s nothing you can do to revive it.
Stay vigilant with future crypto announcements - the words "airdrop" and "swap" mean very different things for your wallet.
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