Exchange Bybit announces second project on Launchpad with CropBytes (CBX).

Users can get CBX tokens through pledging to maintain a certain amount of BIT tokens, based on average daily BIT balance (within 5 days from October 31 to November 5)) at Spot account ( if you are staking on Launchpool it needs to be removed before that date).

If you do not have a Bybit account, register here and KYC to participate in the program.

What is CropBytes (CBX)?

CropBytes is a Metaverse that has been growing the gaming community in the crypto space since 2018. In this Metaverse, gamers own farms, grow crops, raise animals, and produce goods to build crypto farms. their. The CBX utility token is an integral part of the CropBytes world, it is associated with all activities in the game.

Cropbyte recently completed its Seed funding round, with the entry of a number of strategic partners including ExNetwork Capital, Old Fashion Research, Wazirx exchange co-founder and COO, Siddharth Menon, chief growth officer of Wazirx exchange. Solana, Tamar and Polygon (Matic) Co-Founder and COO Sandeep Nailwal.

Project highlights

• The fundamental innovation in gaming is the balanced economy, which sets CropBytes apart from all the blockchain games on the market today.
• There is a healthy mix of fungible tokens (FT) and non-fungible tokens (NFTs) in CropBytes, whereas most other games these days focus solely on NFT. This solves many problems around liquidity, high frequency trading.
• Cropbytes Games Community is a 3 year old strong community with active players and is one of the few blockchain games already available on Playstore, AppStore and Web.

Token Information

• Name: Cropbyte (CBX)
• Total supply: 500,000,000 CBX
• Total allocation: 3,000,000 CBX (0.6% of total supply)
• CAP per user: 5,000 CBX
• Price: 1 CBX = $0.1 (The rate between BIT and CBX will be confirmed before the registration period)
• Format: Register
• Commitment token: Bitdao (BIT)

ByBit Launchpad

Snapshot time (snapshot): 7:00 (Vietnam time) October 31 to 06:59 November 5

During this 5-day period, the average daily amount in your Spot account will be recorded through hourly snapshots. It will be updated at 10:00 every day.

Registration time (commit): From 10:30 on November 5 to 17:59 on November 5.

You need to click the “Commit Now” button (Commit Now) to commit certain BITs to the project during this subscription period. The amount of BIT that can be committed depends on the average daily BIT balance in your Spot account for 5 days. Please note that the amount you have committed will be locked and cannot be accessed for transfer, withdrawal or trading until after CBX distribution.

Delivery time: From 18:00 on November 5 to 18:59 on November 5.

Calculation: Allocated CBX = (Number of BITs you committed / total amount of BITs taken by all participants) * Total CBX allocated to the project. Up to 5,000 CBX per person, no matter how much BIT holding volume (this is beneficial for the fry).

Based on the result of CBX allocation, the equivalent amount of BIT will be deducted from your committed amount, while your CBX allocation and remaining BIT will be returned to Spot account, after which you can keep depositing in Launchpool to get daily interest.

Listing time: The CBX/USDT pair will be listed at 19:00 on November 5.

If you do not have a Bybit account, register here and KYC to participate in the program.

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Bao Cong

According to AZCoin News

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