What Is Four (FORM): A Leading Decentralized Exchange On BNB Smart Chain

Key Takeaways

• Four (FORM) is the rebranded identity of BinaryX (BNX), combining GameFi, IGO launchpad services, and memecoin platforms within the BNB Chain ecosystem
• The platform underwent an official rebranding in early 2025, with a 1:1 token swap from BNX to FORM completed on major exchanges like Binance and SuperEx
• FORM serves multiple functions including governance, staking, and utility across the platform’s expanding ecosystem of services
• With a market capitalization exceeding $536 million, Four has established itself as one of the prominent projects on BNB Chain
• Beyond gaming applications, Four has expanded into DeFi with a focus on fair-launch mechanisms for meme tokens through its Four.meme platform

Four has firmly established itself as a cornerstone of the decentralized finance ecosystem on BNB Smart Chain. This innovative platform combines user-friendly design with powerful financial tools, allowing users to trade, earn, and participate in various crypto activities across its expanding ecosystem. Originally launched as BinaryX with a focus on GameFi applications, Four has evolved into a comprehensive DeFi hub featuring IGO (Initial Game Offering) launchpad services and specialized platforms like Four.meme.

The transition represents more than just a name change; it marks a strategic pivot that reflects the project’s expansion beyond gaming, with plans to incorporate a wider range of DeFi applications and ecosystem integrations. As of April 15, 2025, FORM is trading at $2.92, with a circulating supply of approximately 290 million tokens and a market capitalization of $536.64 million.

What Is Four?

Four is a decentralized platform that operates on the BNB Smart Chain, offering users a broad range of opportunities within the cryptocurrency and blockchain ecosystem. The project originated as BinaryX, launched in September 2020 during a time when most DeFi applications operated exclusively on Ethereum. This timing proved advantageous, as BinaryX offered users a welcome alternative with significantly lower fees and faster processing times compared to Ethereum-based alternatives that were suffering from network congestion.

The platform began as a decentralized derivative trading system but gradually evolved into developing decentralized video games. Now rebranded as Four, the project is transitioning to becoming a comprehensive GameFi platform offering IGO services that bridge Web2 developers to Web3. The rebranding became official in February 2025, following an overwhelming vote via its DAO (Decentralized Autonomous Organization), marking a significant transformation in its strategic direction. The name “Four” carries symbolic significance, representing inclusivity, decentralization, and continuous creation within the ecosystem.

FORM, the native token of Four, serves as the backbone of the ecosystem. It functions as a governance token, allowing holders to vote on protocol changes and feature implementations through the Four DAO. Additionally, FORM can be staked in various pools to earn more tokens, participated in lottery games, or used to purchase NFTs on the platform’s marketplace. This multi-utility design creates strong incentives for users to acquire and hold FORM tokens while participating in the broader ecosystem.

Who Is Behind Four?

Unlike many cryptocurrency projects with visible founders and public teams, Four (originally BinaryX) was created by a group of anonymous developers who refer to themselves as “Chefs.” The team reportedly consists of more than a dozen developers led by two individuals known by the pseudonyms “Hops” and “Thumper.” This approach to anonymity follows a tradition established by earlier DeFi projects, where development teams often maintain pseudonymous identities to emphasize the decentralized nature of the platform.

Four’s development significantly supports Binance, the world’s largest cryptocurrency exchange and creator of BNB Chain. This relationship has proven instrumental to Four’s growth and adoption, providing both technical infrastructure and marketing support. The platform secured over $1 million in its initial seed round in June 2020, followed by a more substantial $4 million fundraise in July 2021.

While the core team remains anonymous, Four has built substantial community governance over time. The protocol operates through its decentralized autonomous organization structure where FORM holders can propose and vote on changes to the platform. This community-driven approach has enabled Four to evolve based on user needs while maintaining its decentralized ethos. The most recent demonstration of this governance model was the overwhelming community vote that supported the transition from BinaryX to Four, showing the strong alignment between the development team’s vision and community expectations.

How Four Works: A Technical Explanation

Four’s expanding ecosystem encompasses several distinct but interconnected products and services, each contributing to the platform’s overall value proposition. At its foundation, Four operates using various blockchain mechanisms that enable its diverse offerings across GameFi, DeFi, and meme token platforms.

The GameFi component represents Four’s historical roots in the blockchain gaming space. Through its IGO launchpad, Four enables game developers to showcase their GameFi projects on its platform, giving users early access to exciting and innovative new games. This creates a mutually beneficial relationship where developers gain exposure and initial funding while users get opportunities to participate in promising gaming projects before they reach wider audiences. The platform charges modest fees for these services, which are partially redistributed to FORM token holders through various mechanisms.

Four.meme, launched in July 2024, represents the platform’s expansion into the memecoin space. This fair-launch ecosystem is designed specifically for meme tokens, providing a structured, transparent framework for launching new projects on the BNB Chain. The platform emphasizes fairness and accessibility, creating a level playing field for both creators and participants. This initiative demonstrates Four’s adaptability and responsiveness to emerging trends in the cryptocurrency market, positioning it as an innovator within the BNB Chain ecosystem.

The FORM tokenomics model is designed to balance incentives across the ecosystem while managing inflation through strategic mechanisms. The platform charges modest fees on various activities, which are then distributed through a carefully structured system that rewards active participants while maintaining the token’s long-term value. Recent governance proposals have aimed to optimize these economics further, including a significant reduction in emissions and the implementation of a veCAKE model that rewards long-term holders and participants. This economic design creates strong incentives for users to engage with the platform while ensuring the sustainability of the rewards system.

Current Status Of Four In The Wider Ecosystem

In the competitive landscape of decentralized finance on BNB Chain, Four has established itself as a significant player with a growing influence. Following its rebranding from BinaryX, Four now ranks as the fourth largest coin in the BNB ecosystem, with a market capitalization exceeding $700 million. This positioning reflects both the project’s historical achievements and the market’s positive reception to its expanded vision and rebranding.

The platform’s growth has been closely tied to the expansion of the BNB Chain ecosystem as a whole. As one of the prominent decentralized platforms on BNB Chain, Four serves as an important gateway for users engaging with tokens and projects within this ecosystem. This strategic position has allowed it to capitalize on BNB Chain’s emphasis on affordability and speed, which continues to attract developers and users seeking alternatives to higher-cost blockchains like Ethereum.

Four’s expansion beyond its original GameFi focus into broader DeFi applications represents a natural evolution that aligns with wider industry trends. The launch of Four.meme specifically addresses the explosive growth in memecoin projects, providing a structured, fair-launch ecosystem that benefits both creators and participants. This diversification strengthens Four’s market position while creating additional utility for the FORM token.

The platform has fostered a vibrant community that actively participates in governance decisions through on-chain voting. This engaged user base has helped the platform evolve through collective decision-making, implementing changes to tokenomics, feature sets, and technical parameters. The overwhelming support for the rebranding initiative demonstrates the strong alignment between the development team’s vision and community expectations, creating a solid foundation for future growth and innovation.

Four’s Price Journey

FORM’s price history reflects both broader market conditions and developments specific to the platform, particularly its recent rebranding from BNX to FORM. After the official announcement of the rebranding in February 2025, the token experienced significant upward momentum, culminating in a new all-time high of $2.12 on March 18, 2025. This price surge represented an impressive increase of over 1,200% from early February 2025, demonstrating the market’s positive reception to the project’s new identity and expanded vision.

The token’s price action has been characterized by a series of technical breakouts, including a significant breakthrough of a long-term descending resistance trend line on March 16, 2025, after 237 days of being held below this level. This technical breakthrough accelerated the upward movement, with technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) showing strong bullish signals despite some potential divergences.

As of April 15, 2025, FORM is trading at approximately $2.92, representing continued strength following its March all-time high. This price point reflects the balance between continued user engagement with the platform and growing market recognition of Four’s expanded ecosystem and vision. The $1.65 area has emerged as a key support level, previously acting as resistance, and this level is considered crucial for maintaining the token’s current bullish trend.

Looking ahead, analysts suggest that the FORM price may be in wave three of a five-wave upward movement that started in February, with potential targets above $2.58 based on wave theory analysis. However, a breakdown below the $1.65 support level could put this bullish count at risk, making this a key level for traders and investors to monitor.

Current Data & Interesting Statistics About Four

• Total Value Locked (TVL) in Four stands at approximately $1.55 billion, making it one of the most significant DeFi protocols on BNB Chain.
• Four’s daily trading volume reached $1.56 billion in early 2025, demonstrating substantial platform activity and liquidity depth.
• The platform’s market capitalization is approximately $536.64 million, placing it in the top 100 cryptocurrencies by market size.
• Approximately 290 million FORM tokens are currently in circulation out of a total supply of about 580 million, indicating room for additional supply growth.
• The ratio of market capitalization to TVL is approximately 0.35, suggesting potential value relative to the capital deployed in the protocol.
• The platform has recently implemented a new tokenomics model aimed at cutting emissions by 43% and redirecting incentives to long-term holders.
• Four ranks as the fourth largest coin in the BNB ecosystem, with its market cap exceeding $700 million following its successful rebranding.

What Is The Future Of Four?

Four’s roadmap reveals ambitious plans to expand beyond its current functionality and establish itself as a comprehensive DeFi hub on BNB Chain. The development team has articulated a strategy focused on three core areas: enhancing the IGO launchpad services, expanding the Four.meme platform, and introducing new DeFi functionalities that complement the existing ecosystem. This multi-faceted approach aims to capture users across various segments of the cryptocurrency market while maintaining the platform’s core value proposition of accessibility and user-friendly design.

Additional planned developments include enhanced lending and borrowing features, margin trading capabilities, and improved prediction markets. These expansions would transform Four from primarily a gaming and launching platform to a comprehensive DeFi hub capable of competing with multi-function protocols across the industry. The recent implementation of the tokenomics model represents a significant step toward optimizing the platform’s economics and incentives.

As regulatory scrutiny of DeFi increases globally, Four’s ability to adapt to changing compliance requirements while maintaining its core decentralized values will be crucial to its long-term success. The platform’s strong community governance model positions it well to navigate these challenges through collective decision-making. Ultimately, Four’s evolution from a gaming-focused platform to a diversified DeFi ecosystem demonstrates its adaptability in a rapidly changing blockchain landscape.

The Sweet Spot In DeFi

Four has successfully carved out a distinctive position in the decentralized finance landscape by combining user-friendly design with powerful financial tools across multiple sectors of the blockchain economy. From its humble beginnings as BinaryX focused on GameFi, it has evolved into a comprehensive DeFi platform that serves a growing community worldwide. What distinguishes Four is not just its technical capabilities but its community-centered approach to development and governance, which has guided its transition and expansion.

By balancing innovation with accessibility, the platform continues to adapt in a rapidly changing industry, addressing emerging trends like memecoins while maintaining its foundations in gaming and decentralized finance. The future success of Four will depend largely on how effectively it navigates upcoming challenges like regulatory changes, technological advances, and shifting user preferences. For now, this recently rebranded platform remains a key player in the BNB Chain ecosystem, offering diverse opportunities for users regardless of their experience level or investment size.