BNX to FORM Token Swap Calculator
The March 2025 token swap converted BNX to FORM at a 1:1 ratio. This calculator helps you check your eligibility and calculate equivalent FORM tokens.
Your Equivalent FORM Tokens
0.0 FORM
This reflects the 1:1 swap rate from March 2025
Critical Timing Information
BNX was permanently disabled after March 19, 2025 at 09:00 UTC
After this date, BNX tokens became non-transferable and unusable.
Many people searched for a BinaryX airdrop in early 2025, expecting free tokens. But what really happened wasn’t an airdrop at all. It was a full token swap - and if you were holding BNX, you needed to act or lose access to your assets forever.
There Was No Free BNX Airdrop
You won’t find any official announcement from BinaryX offering free BNX tokens to new users or existing holders in March 2025. That’s because the project didn’t distribute new tokens for free. Instead, it replaced the entire token system. The BNX token, which had been around since 2023, was officially retired. In its place came FORM - a new token with the same value, same holders, but a new name and identity.If you saw headlines like “BinaryX airdrop 2025” or “Get free BNX tokens,” those were misleading. What you were seeing was either outdated information from before the swap or clickbait trying to cash in on the confusion. Real users who held BNX didn’t get extra tokens. They got the exact same number of FORM tokens - 1:1. No bonus. No surprise. Just a clean transition.
The Swap Timeline: What Happened When
The switch from BNX to FORM didn’t happen overnight. It was a tightly scheduled, exchange-driven process. Here’s exactly how it unfolded:- March 18, 2025, 03:00 UTC: Binance stopped all trading for BNX pairs - BNX/USDT, BNX/USDC, and BNX/TRY. No more buying or selling.
- March 18, 2025, 03:30 UTC: Binance paused all deposits and withdrawals of BNX. If you tried to send BNX after this, it would get stuck.
- March 19, 2025, 08:00 UTC: Trading for the new FORM token began. FORM/USDT and FORM/USDC pairs went live.
- March 19, 2025, 09:00 UTC: Users could finally withdraw FORM tokens from their exchange wallets.
After March 19, BNX was dead. No more deposits. No more withdrawals. No more trading. The ticker vanished from every exchange that supported it. If you still had BNX in your wallet after that date, it became useless - a digital ghost.
How the Swap Worked (And Why You Didn’t Need to Do Anything)
The key detail most people missed: you didn’t have to do a thing if your BNX was on Binance or another major exchange that supported the swap. The exchange handled everything automatically. Your BNX balance was quietly converted to FORM behind the scenes. You didn’t need to claim anything. You didn’t need to connect your wallet. You didn’t need to fill out a form.For example, if you had 500 BNX in your Binance spot wallet on March 17, you woke up on March 19 with 500 FORM. That’s it. No gas fees. No steps. No risk. The exchange did the heavy lifting.
But if your BNX was sitting in a non-custodial wallet - like MetaMask, Trust Wallet, or a hardware wallet - you were in trouble. Those wallets didn’t automatically convert your tokens. Without a manual swap process (which BinaryX never released), those BNX tokens became permanently locked. There was no public tool, no smart contract, no official guide to convert them. If you held BNX outside of an exchange, you lost it.
Why Did BinaryX Do This?
BinaryX was originally a GameFi platform focused on blockchain-based games. The BNX token was used for in-game purchases, staking, and governance. But by late 2024, the project was struggling. GameFi was cooling off. User growth stalled. Investors were losing interest.The rebrand to “Four” (FORM) signaled a major pivot. The new name didn’t just look different - it was meant to feel different. No more “BinaryX” with its gaming-only image. The team hinted at broader Web3 infrastructure ambitions, possibly including decentralized identity, tokenized real-world assets, or cross-chain utilities. But they never fully explained why they chose “Four.” No whitepaper update. No roadmap reveal. Just a token swap and silence.
Some speculate the rebrand was a way to reset the project’s reputation after poor token performance. BNX had dropped from a peak of over $3.50 in early 2024 to around $1.20 by March 2025. The Fear & Greed Index showed market sentiment in “Fear” territory. The 14-day RSI was at 17.4 - deeply oversold. A new token with the same supply might help reset investor psychology. It’s a common tactic in crypto: rebrand, relaunch, hope for a fresh start.
What Happened to the Old BNX Token?
BNX had a market cap of $406 million at its peak in early 2023. By the time of the swap, it had fallen to around $250 million. The total supply was fixed at 380 million tokens. After the swap, the FORM token inherited that exact supply - 380 million - with no inflation, no burn, no redistribution.Here’s what didn’t change:
- Total supply: 380 million
- Tokenomics structure: same utility, same staking rules
- Wallet addresses: same holders, same balances
Here’s what changed:
- Name: BNX → FORM
- Ticker: BNX → FORM
- Project branding: BinaryX → Four
- Exchange listings: Old pairs removed, new pairs added
For holders, it was like changing the name on your bank account - the money is still there, but the label is different. For everyone else, it was a clean break from a failing brand.
Was This a Scam?
No. This wasn’t a rug pull. The swap was coordinated with Binance, one of the most trusted exchanges in crypto. All steps were announced in advance. The 1:1 ratio was fair. The timeline was clear. No funds were stolen.But was it ethical? That’s another question. BinaryX knew many users held BNX in non-custodial wallets. They never provided a simple, official way to convert those tokens. No guide. No tool. No support. They relied on users to keep their assets on exchanges - which is fine for experienced traders, but dangerous for beginners.
Thousands of people likely lost their BNX because they didn’t know the swap was coming. Some thought they were safe because they “held long-term.” Others thought they’d get a free airdrop. Neither was true. And the project didn’t warn them clearly enough.
What’s the Value of FORM Now?
After the swap, FORM launched at roughly the same price as BNX - around $1.20. By early April 2025, it traded between $1.05 and $1.40. The market didn’t react with excitement. Volume was low. Liquidity was thin. The old BNX charts were replaced, but the momentum didn’t return.Analysts who had predicted BNX would hit $2.26 in 2025 were wrong - not because they misread the market, but because the token they were analyzing no longer existed. FORM’s future depends entirely on what Four does next. So far, there’s been no major game launch, no partnership announcement, no new product. Without real utility, the token has no reason to grow.
What Should You Do If You Still Have BNX?
If you still have BNX tokens in a wallet after March 19, 2025 - you can’t convert them. There is no official method. There is no recovery tool. The smart contract for BNX was deactivated. The token is dead.Your only option is to accept the loss. Don’t waste time searching for “BNX to FORM converter tools” - those are scams. Don’t contact random Telegram groups claiming they can help - they’ll steal your private keys.
If you held BNX on an exchange and didn’t get FORM, contact the exchange’s support team immediately. Provide your transaction history. If you were on Binance and didn’t receive FORM, you may be eligible for a manual adjustment - but only if you acted before March 19.
Lessons Learned
This event teaches three hard lessons:- Don’t trust “airdrop” hype. If a project is swapping tokens, it’s not giving away free stuff. It’s replacing what you have.
- Keep your crypto on exchanges during major events. Non-custodial wallets are great for security - but terrible for automated swaps. If you’re not sure, move your tokens to a trusted exchange before a known update.
- Read the official announcements. BinaryX didn’t hide the swap. It was posted on their website, Twitter, and Binance’s announcement channel. People just didn’t read them.
If you’re holding any token with a name like “Old” or “Legacy,” check if there’s been a swap. Don’t wait until it’s too late. Crypto moves fast. Projects die quietly. And if you’re not paying attention, you’ll be the one holding nothing.
sonia sifflet
December 5, 2025 AT 10:28The notion that this was an 'airdrop' was always absurd. BinaryX didn't give anything away-they replaced a failing asset with a new label and expected users to keep up. If you held BNX off-exchange, you were always at risk. This wasn't negligence-it was a market filter. Those who didn't read the official announcements weren't victims; they were lazy.
Richard T
December 7, 2025 AT 05:33It's interesting how people confuse token swaps with airdrops. The real issue here isn't the swap-it's the lack of clear communication to non-custodial holders. BinaryX knew their user base included retail investors who didn't monitor Twitter or exchange announcements. They could've built a simple bridge contract or at least issued a warning. Instead, they opted for a clean break and let the market sort it out.
jonathan dunlow
December 9, 2025 AT 01:59Look, I get it-people love free stuff. But this wasn't a gift. It was a corporate rebrand disguised as a token migration. The fact that Binance handled everything automatically for exchange holders shows this was never meant to be user-friendly for everyone. It was designed for the 80% who kept their assets on centralized platforms. The other 20%? They were collateral damage in a strategic reset. And honestly? That’s how crypto works now. You either trust the exchange or you do the work. No one owes you a handhold.
And let’s not pretend the FORM rebrand was about innovation. It was about psychology. A new ticker, a new name, and suddenly people forget the 70% drop. It’s the same old trick: change the label, reset the narrative, and hope the FOMO crowd buys in again. It’s not evil-it’s just capitalism with blockchain branding.
But here’s the kicker: if you held BNX in a wallet and lost it, you didn’t get scammed. You got outmaneuvered. And that’s not a crime-it’s a lesson. Next time, don’t assume your wallet is safe just because it’s ‘your’ wallet. In crypto, custody is responsibility.
Mariam Almatrook
December 10, 2025 AT 13:56One must lament the profound ethical lacuna inherent in this operational paradigm. The project, in its deliberate omission of a non-custodial migration pathway, exhibited a flagrant disregard for the fiduciary duty owed to its token holders. The absence of a publicly accessible smart contract interface for token conversion constitutes, in my estimation, a breach of the implicit social contract governing decentralized finance. One cannot merely rebrand a failing asset and absolve oneself of responsibility for the stranded liquidity of retail participants. This is not innovation; it is institutionalized disenfranchisement dressed in the garb of technological progress.
Chris Mitchell
December 10, 2025 AT 18:26They didn't steal. They didn't lie. But they didn't care enough to help.
rita linda
December 10, 2025 AT 18:41Let’s be clear: this was a textbook case of Web3 entitlement culture collapsing under its own weight. People thought they were entitled to free tokens because they ‘believed in the mission.’ But crypto doesn’t reward belief-it rewards diligence. If you didn’t monitor official channels, you weren’t a holder-you were a spectator. And spectators don’t get paid. This isn’t a tragedy. It’s a meritocracy.
nicholas forbes
December 10, 2025 AT 23:39I get why people are upset. But let’s not pretend this was a surprise. The BNX price had been dead for months. The team went silent. The only thing moving was the subreddit spam. If you didn’t see the writing on the wall, you weren’t paying attention. I’m not defending BinaryX-but I’m not crying for those who thought crypto was a passive income stream.
Scott Sơn
December 11, 2025 AT 13:16OH MY GOD. I JUST FOUND OUT MY 10,000 BNX JUST VANISHED. I WAS SLEEPING. I THOUGHT IT WAS A ‘NEW YEAR’S GIFT.’ NOW I’M BROKE. I JUST LOST MY RENT MONEY. WHO DO I SUE? THE DEV TEAM? BINANCE? THE UNIVERSE? THIS IS A HORROR MOVIE AND I’M THE MAIN CHARACTER.
Kenneth Ljungström
December 12, 2025 AT 10:57Big lesson here: if you’re holding anything important, keep it on an exchange during big upgrades. It’s not that exchanges are perfect-they’re not. But when a swap like this happens, they’re the only ones who can handle it smoothly. I kept my BNX on Binance, woke up with FORM, and didn’t even notice until I checked my portfolio. Zero stress. Zero steps. Just peace of mind. If you’re new to crypto, this is the rule: when in doubt, move it to an exchange. You can always move it back later.
Brooke Schmalbach
December 12, 2025 AT 16:53Let’s not romanticize this. This wasn’t a ‘clean transition.’ It was a quiet purge. BinaryX knew exactly how many wallets were non-custodial. They knew the percentage of retail holders who wouldn’t check announcements. They calculated the loss as a cost of doing business. And now they’re sitting on a new token with the same supply, same holders, same market cap-just a different name. This isn’t innovation. It’s financial engineering disguised as rebranding. And the fact that people are still calling it an ‘airdrop’ proves how easily the crowd is manipulated.
Cristal Consulting
December 13, 2025 AT 16:14For anyone who lost BNX: I’m sorry. That’s rough. But don’t chase scams. Don’t join Telegram groups. Don’t send your seed phrase to anyone. The token is gone. The smart contract is dead. Accept it, learn, and move on. You’ll be better for it.
michael cuevas
December 13, 2025 AT 16:25so you held bnx in a wallet... and you're surprised it got deleted? wow. i'm shocked. truly. next time maybe don't treat crypto like a savings account you forgot about for 6 months
Renelle Wilson
December 15, 2025 AT 05:23There is a deeper philosophical layer here that deserves reflection. The transition from BNX to FORM is not merely a technical or financial event-it is a metaphor for the fragility of digital identity in decentralized systems. We place our trust in immutable ledgers, yet we are vulnerable to the whims of centralized exchanges and the silence of project teams. The token’s value was never in the code-it was in the collective belief of its holders. When that belief fractured, the token became inert. The swap did not erase the tokens; it revealed that their value was always contingent, never absolute. We must ask ourselves: in a world where assets can vanish without warning, what are we truly holding onto?
Jonathan Sundqvist
December 16, 2025 AT 19:31U.S. crypto regulators need to step in. This kind of thing shouldn’t be allowed. People lost real money because a team didn’t want to build a bridge contract. That’s not innovation-that’s negligence with a blockchain label. If you’re going to retire a token, you owe users a way to migrate. End of story.
Thomas Downey
December 17, 2025 AT 17:18It is deeply lamentable that the moral compass of the blockchain community has been so thoroughly eclipsed by the pragmatism of corporate expediency. The decision to abandon non-custodial holders constitutes not merely a failure of technical execution, but a profound betrayal of the foundational ethos of decentralization. To rebrand a failing venture under the guise of progress, while knowingly leaving ordinary participants stranded, is not a business strategy-it is an act of institutionalized exploitation dressed in the language of Web3. One cannot claim to be building the future while discarding the very individuals who believed in its promise.