Key Points:
The old BNX token increased by up to 9500% after the announcement, while the new BNX is currently trading at $1.27.
By fractionalizing the asset, a token split is used to increase the overall quantity of a token. One old BNX can be traded for 100 new BNX in the case of BNX because the token split was done on a 1:100 ratio.
Prior to the token split, BinaryX had a maximum supply of 21 million tokens and a market value of about $386 million.
The maximum quantity of BNX has increased to 2.1 billion following the token split on February 23, with a circulating supply of 2.8 million BinaryX.
The BinaryX team expressed confidence that the token split will strengthen BNX’s business model and broaden the token’s appeal to new users.
The old BNX token was worth about $100 before the token split event. The old BNX, on the other hand, has increased by up to 9590% and is now trading for $134.4.
Following the token split, the new BNX token traded at a high of $1.46. It has decreased by almost 9% as of the time of publication, trading at $1.27.
Centralized exchanges like Binance have stopped supporting trade for the old BNX due to price fluctuations, but they still permit trading of the new currency.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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