Deep Dive
1. Rebranding & Token Migration (March 2025)
Overview: Four completed a 1:1 token migration from BinaryX (BNX) to FORM, requiring smart contract upgrades for compatibility with exchanges like INDODAX and Bitvavo.
This involved deploying new token contracts on BNB Chain, ensuring seamless swaps and backward compatibility for holders. Exchanges halted BNX trading, updated tickers, and integrated FORM’s contract address.
What this means: Neutral for FORM, as it’s a procedural update rather than a fundamental protocol change. The migration maintained token supply integrity but didn’t introduce new utility.
2. Competition Mode Launch (November 2023)
Overview: Four introduced Competition Mode in Ai Hero, letting players use NFT heroes to compete for BNX (now FORM) rewards (Source).
The update required backend logic for matchmaking, reward distribution, and NFT destruction post-use. Smart contracts were adjusted to handle one-time NFT burns and prize allocations.
What this means: Bullish for FORM because it tied gameplay to token demand, incentivizing NFT minting and competition entry fees.
3. Hero Mining Mechanics (November 2023)
Overview: Hero Mining allowed users to stake BNX (FORM) for recruitment vouchers, offering >100% APR rewards (Source).
The codebase added daily balance snapshots and tiered reward calculations, linking staking activity to in-game advantages.
What this means: Bullish for FORM as it encouraged long-term holding and reduced circulating supply, though mechanics were later deprecated post-rebranding.
Conclusion
Four’s recent updates emphasize tokenomics over technical innovation, with migration streamlining branding and legacy features like Hero Mining phased out. How will the project balance GameFi mechanics with broader utility to sustain momentum?