From Wikipedia:
means composed of two pieces or two parts.
One used in binary code along with 0.

Binaryone is the joining of two words binary and one.

Binary as in the computer language which consists of two parts “0’s” and “1’s” or as in binary star where there are two stars circling around each other, and One as in the coming to getter of two parts to form one.

When binaryone is pronounced it is as though each word is spoken individually but without a space between them. The two words form one.