When people say Crypto, short for cryptocurrency, a digital form of money secured by cryptography and running on decentralized networks. Also known as digital currency, it lets people send value without banks, governments, or middlemen. It’s not magic. It’s code, rules, and incentives built into networks like Bitcoin and Ethereum. And it’s changing how money works—whether you’re holding it, trading it, or just trying to figure out why someone gave you free tokens you never asked for.
Underneath Crypto are two things people mix up: tokens, digital assets built on existing blockchains, like ERC-20 tokens on Ethereum, and coins, native currencies of their own blockchains, like Bitcoin or BinaryX’s old BNX coin. Tokens often represent access, ownership, or utility—like a ticket to a game or a share in a project. Coins are the base currency, like cash in your wallet. When you hear about an airdrop, a free distribution of tokens or coins to wallet holders, usually to kickstart adoption, most of the time it’s not free money. Sometimes it’s a swap, like BinaryX did in March 2025, where BNX didn’t give away free tokens—it replaced itself with FORM, 1:1. No bonus. No handout. Just a rebrand you had to accept or lose access.
That’s the pattern. Crypto moves fast. Projects relaunch. Tokens get swapped. Airdrops get misreported. What looks like a gift is often a forced upgrade. You don’t just need to know what Crypto is—you need to know what’s happening behind the scenes. Who controls the rules? What happens to your old holdings? Is this a real opportunity or a cleanup move disguised as a giveaway?
Below, you’ll find real breakdowns of what actually happened—not what the hype said. No fluff. No guesswork. Just what you need to know before you click "claim," trade, or hold.
BinaryX (BNX) didn't run an airdrop in 2025 - it replaced its token with FORM in a mandatory 1:1 swap. Here's what actually happened, who was affected, and why no free tokens were given.