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GameFi Platform BinaryX Launches Strategy Game CyberChess With $500K Prize Pool

CyberChess is designed to allow players to start playing the game without having to make an initial investment.

GameFi Platform BinaryX Launches Strategy Game CyberChess With $500K Prize Pool

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BinaryX, a GameFi development platform, announced today the launch of CyberChess, one of the first free-to-play, play-and-earn auto chess strategy games in the P2E dominant GameFi space. CyberChess offers people on Web3.0 new entry points into the world of GameFi.

$500K Worth in BNX Prize Pool

To celebrate the launch, BinaryX will commence season one of ranked mode battles, where players will stand a chance to win up to $500K USD worth of prizes in the first 8 weeks of launch.

To get a headstart, players can also stand to receive additional 2 heroes and 2 skills when they enter the code ‘4morechess’ under the settings option in the game menu.

As a free-to-play, play-and-earn Web3 game, CyberChess differs from most play-to-earn games, and is designed to allow players to start playing the game without having to make an initial investment. When new players connect to the game for the first time, they can summon 5 free heroes and 2 free skills to start participating in matches with other players.

Players can also recharge or make in-game purchases to summon new heroes and acquire new skills. This model lowers the barrier to entry for players new to GameFi and allows players to enjoy the game for its own sake, potentially earning in-game tokens in the process.

CyberChess comes with its very own in-game marketplace where players can list in-game assets such as heroes and skills in exchange for gold. This means that players have more avenues to upgrade or accumulate more gold.

Chun S., Global Head of Business Development at BinaryX.

‘BinaryX created CyberChess to stand out amongst games in the play-to-earn genre. It comes with a more complex gameplay, which makes the game more challenging and fun for players who enjoy traditional strategy games. We’re excited for our fans to start playing CyberChess and to immerse into the new world we created.’

Earlier this year, BinaryX announced its first IGO partnership. With the launch of CyberChess, BinaryX is poised to roll out its ambitious plans to serve as both a GameFi developer and IGO platform.

Chun added:

‘The goal is to be a home ground for gamers, developers and investors to access and interact with GameFi. We aim to be the frontrunner in the space and we have a ton of exciting IGO projects coming up. Launching our IGO platform is the next step.’

BinaryX is the GameFi platform behind the play-to-earn (P2E) games CyberDragon and CyberArena, both of which run on the BNB chain.

BinaryX began as a decentralised derivative trading system. Recognising the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3.

As one of the top 10 projects on the BNB Chain, BinaryX has more than 100k coin holders and 15K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than 300 million in market cap. BinaryX has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.

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