BinaryX (BNX) Token Swap & Rebranding to Four (FORM)

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 BNX holdings:

BNX

Your FORM Balance

After the March 2025 token swap, your 0 BNX tokens were converted to 0 FORM tokens.

Important: All BNX tokens were converted to FORM at a 1:1 ratio during the swap. This is not an airdrop - it was a mandatory token migration.

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.

Illustration of Binance vault turning BNX coins into FORM tokens with onlookers watching.

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.

Bright scene of a glowing number 4 formed by four colored pillars, surrounded by FORM tokens.

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.

RESPONSES

DINESH YADAV
October 21, 2025 AT 14:36

This is just another Western crypto scam pretending to be a revolution. India doesn't need your FORM token. We have our own blockchain projects that actually serve real people, not just rich Americans betting on ticker symbols. BNX was dead anyway. Let it rot.

rachel terry
October 22, 2025 AT 11:40

So let me get this right... they rebranded because the original name was too clunky and now they're calling it Four? Like the number? Wow. Groundbreaking. Next they'll launch a token called Five and claim it's 'more balanced'. Honestly if you needed a 1:1 swap to make your token viable you should've just folded. FORM sounds like a rejected IKEA shelf name.

Susan Bari
October 23, 2025 AT 11:29

I mean... Four? Really? It's not even capitalized properly in the branding. It's just... four. Like the number you count on your fingers when you're trying to remember why you invested in crypto in the first place. The whole thing feels like a PowerPoint slide from a startup that ran out of ideas and borrowed a dictionary. FORM. So poetic. So profound. So... boring.

Sean Hawkins
October 24, 2025 AT 10:25

The technical execution here was actually well-managed. Binance handled the liquidity transition cleanly with minimal slippage, and the 1:1 swap avoided the common pitfalls of token migrations like value dilution or contract exploits. The key was locking the supply before the swap window and enabling withdrawals only after full minting. Most retail users wouldn't notice the difference, but for DeFi natives, this is a textbook example of a non-disruptive upgrade. The real risk was in the perception-many confused this with an airdrop, which created unnecessary panic. Clear communication saved this from becoming a disaster.

Marlie Ledesma
October 24, 2025 AT 14:37

I just want to say thank you for writing this so clearly. I was so confused when I saw 'airdrop' everywhere and thought I missed out on free money. This helped me realize I just needed to check my wallet. I'm glad I didn't panic sell. I'm still learning and this guide made me feel less lost. Thank you.

Daisy Family
October 24, 2025 AT 22:57

form? lol. like the word you type when you're trying to fill out a tax doc at 2am. they should've called it '4m4l' or something. at least then it'd have meme potential. also who even uses BSCScan anymore? its 2025 and we're still doing this? 🤡

Paul Kotze
October 25, 2025 AT 17:08

Interesting case study. I'm from South Africa and we've seen a lot of token migrations here too. The key takeaway is always: if it's a swap, don't wait. If it's an airdrop, verify the source. Too many people lose funds because they assume 'free' means 'safe'. This project handled it responsibly. The real lesson? Always check the official channels. Never trust a tweet.

Jason Roland
October 26, 2025 AT 01:41

I know the haters are gonna come out of the woodwork calling this a scam, but honestly? This was one of the cleanest token transitions I've seen. The team didn't try to hide anything, they gave clear timelines, no hidden fees, and kept the value intact. The fact that Binance handled it means even grandma could've done it. Maybe instead of mocking the name 'Four', we should be asking why more projects don't do this right? It's not perfect, but it's way better than 90% of the chaos we see.

Niki Burandt
October 26, 2025 AT 11:31

RSI at 17.4? 😳 Honey, that's not oversold-that's a corpse with a pulse. And the 50-day SMA is still hovering like a vulture. This isn't a buying opportunity, it's a funeral waiting to happen. Also, 'Four' as a brand? Cute. But unless they're planning to launch a 'Five' next week, this feels like a desperate rebrand to hide a dying project. 🤡💎

Chris Pratt
October 27, 2025 AT 05:33

As someone who's lived in 5 countries, I've seen how crypto projects handle transitions differently. In the U.S., they overcomplicate it. In Asia, they just do it quietly. Here, they made it transparent. That's rare. The name 'Four' might sound weird, but it's memorable. And honestly? If you're still holding BNX after March, you weren't paying attention. No one owes you a second chance in crypto.

Karen Donahue
October 28, 2025 AT 03:25

I just don't understand why people keep falling for this. They take a token that was already struggling, change the name, pretend it's a new beginning, and call it a 'strategic pivot'-as if that magically fixes bad code, bad leadership, and a community that's already lost trust. And now we're supposed to be impressed because they didn't charge a fee? That's like being proud of a thief who didn't break your window-still stole your TV. And don't get me started on the 'Four' branding. It's not a rebrand, it's a cover-up. The entire thing feels like a corporate PR stunt disguised as innovation. And for what? To sell more tokens to the same people who got burned last time? Wake up. This isn't progress. It's recycling failure.

BinaryX (BNX) Token Swap & Rebranding to Four (FORM) - Full Details