BinaryX releases RhinoX white paper detailing key new features in its ecosystem

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Singapore, Singapore, August 2, 2022, Chainwire

BinaryXone of the leading P2E game development companies, released the official white paper for Rh!noXa collection of 10,000 NFTs allowing holders to use their assets as avatars on various GameFi and DeFi apps on the BNB channel.

The Rh!noX NFT series is inspired by Soulbound items from the World of Warcraft game and aims to be the first-ever Soulbound token in the BNB chain. In addition, the collection connects cardholders NFT to their interactions, thus developing them into unique assets. Above all, it offers them many benefits, such as access to beta testing for games, NFT whitelists, projects, new tokens on BNB Chain, etc. The team spent several months refining the vision and roadmap for the project, now available in a new and improved white paper. For the first time, readers can explore all features of Web3.0 and understand the underlying mechanisms, possibilities and functionality of Rh!noX. Here is a brief summary:

The Rh!noX Soulbound Token Analytical System

This feature will calculate the credit rating of a wallet based on its held amounts and trading history. It works the same way as a credit card company’s standard credit calculation system. Simply put, it determines the benefits a user is eligible for, based on their creditworthiness.

The system will categorize Rh!noX owners into different tiers with distinct benefits. For example, members at the highest level will receive more benefits than those at lower levels, with the number and quality of benefits decreasing with each level.

A good credit score will reward NFT holders with many benefits, such as:

● VIP treatment

● Exclusive airdrops

● Airdrops from different projects

● Closed Beta Entry/DeFi Project Early Access/Whitelist Location

● Discounts on processing fees

● Unsecured loan ($RUSD)

The latter is a loan that does not require collateral. Also, the maximum amount a user can request depends on their credit rating. The initial fund for the unsecured loan will come from the Rh!noX treasury and represents the revenue from the sale of the Rh!noX NFTs. Finally, the loan amount will affect the interest rate and will be charged in $RUSD.

Trading Rh!noX NFT will not impact the credit rating of their respective owners. Additionally, the accumulated credit score is connected to a Rh!noX NFT and could be transferred to another user.

Multidimensional Behavior Analysis Model

The system has a built-in cohesive analysis model that studies the characteristics, personality, and trustworthiness of the NFT owner. To reach this conclusion, the system will take into account the address and interactions of the wallet, such as:

● Trading history

● Chain behavior

● Project Preferences

● Asset portfolio

● Responsibility status

● Participation in campaigns and events

● Airdrop history

Eventually, this list will expand to include more factors without sacrificing the anonymity of web3.0 technology. Here is a use case of this analysis model.

Rh!Drop

With Rh!Drop, developers can target on-chain users based on asset value, interest, trading styles, credit ratings, and more. This feature will be an on-chain airdrop targeting service and the main tool for on-chain project developers. For example, they can use it to perform airdrops to target receivers matching specific criteria. To better understand the idea, consider Google Ads. Google Ads distributes personalized advertisements to selected users based on their past behavior on the Internet.

The right ads will be served to the right target audience. Rh!noX works the same way. Simply put, it not only benefits project owners, but all Web3 users as well. Project owners and developers could improve awareness of their project and expand their communities easily after identifying the right audience for their projects. At the same time, common users would enjoy airdrops from different projects or even first insights without having to perform additional tasks as long as their overall credibility and “personal profile” is good.

Sociality of Rh!noX NFT

The project also comes with various social features, such as:

Social identity

Rh!noX Official will perform background checks. Also, it will allow users to identify the trustworthiness of the other person based on data collected by Soulbound Token. This way, future Web3.0 users can visit the profile of a wallet address and identify essential details, such as capital level, project preferences, active zones, trading style, etc. This tool also eliminates fake IDs, fake asset claims and Suite. Its level of transparency will be accessible to all. For example, if a user has more than $10,000 BTC in a wallet, they will receive the title “BTC Whale,” which should tell developers everything they need to know about that individual.

Rh!net

This feature will work as a Web3.0 networking platform, allowing users to check someone’s profile, social status, social network, send instant messages, etc. Its main goal is to help users connect and build a community on transparency, credibility and high-quality identity.

About Rh!noX

The Rh!noX team has extensive experience in the blockchain industry, traditional game development, and game publishing (learn more about BinaryX). The core team members hail from Silicon Valley and were involved in the development of the early BNB Chain and Polkadot channels and have made outstanding contributions to the development of the industry.

One thing to mention is that before entering the blockchain industry, the team worked in the financial services industry, which provides loans, mortgages and wealth management services for many years. . With this unique experience, the Rh!noX team fully understands all the financial characteristics of the NFT and lays a good foundation for the real application of the Rh!noX NFT. The Rh!noX team strongly believes that there is a huge and unknown space for what NFTs could become and that NFTs should do more than just show artistic value and signal wealth.

That’s when the team kept asking themselves: what if NFTs could work like certificates? What if NFTs could represent its credibility? What if NFTs could work like a Digital Mastercard? What if Rh!noX could lay the foundations for trusting social relationships? By solving these questions and bringing these ideas together, a wider door will be opened to blockchains, and the ecosystem will become more than just about money, but reliable and fun. Despite the bearish market, the team believes that now is the right time to develop and expand the project for the benefit of its users. To this end, they have added new members and planned future collaborations with other projects to increase the practicality of the Rh!noX ecosystem and beyond. As a result, Rh!noX stands out from the growing crowd of NFT projects, which often lack utility and long-term durability. Rh!noX’s utilities aim to cover all of Web3.0 in the future, not just on the BNB channel, as that’s the only way to maximize the functionality of Soulbound NFT.

To date, Rh!noX has achieved the following achievements after its first auction:

Rh!nox: sold out at a Dutch auction

  • Sold 10000 units at 9BNX in 4 hours

Rh!nox: The Most Traded NFT Collections on the Binance NFT Marketplace

  • Listed in June and achieved a trade volume of $1.5 million in the last 7 days

For more information on Rh!noX, visit:

Website | Twitter | Medium | Discord

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