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Bybit Web3 Rolls Out FarmX, Transforming Telegram Gaming With Decentralized Farming In SpaceS

Altszn.com by Altszn.com
January 15, 2025
in Metaverse, Web3
0
Bybit Web3 Rolls Out FarmX, Transforming Telegram Gaming With Decentralized Farming In SpaceS
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Alisa Davidson
by
Alisa Davidson


Published: January 15, 2025 at 9:00 am Updated: January 15, 2025 at 8:48 am

by Ana


Edited and fact-checked:
January 15, 2025 at 9:00 am

To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.

In Brief

Bybit has launched the FarmX farming platform in SpaceS, enabling users to earn rewards by completing farming tasks and participating in campaigns.

Bybit Web3 Rolls Out FarmX To Transform Telegram Gaming With Decentralized Farming In SpaceS

Cryptocurrency exchange Bybit announced that it has introduced FarmX, a decentralized farming platform integrated with its widely-used Telegram game bot, SpaceS. FarmX allows both novice and seasoned cryptocurrency users to earn rewards by completing straightforward farming tasks and engaging in various campaigns, adding a fresh layer of play-to-earn opportunities within the SpaceS ecosystem.

“FarmX represents a significant milestone for SpaceS and Bybit Web3. By seamlessly integrating decentralized farming into a beloved game, we are democratizing access to DeFi and providing our community with exciting new opportunities to earn rewards,” said MK Chin, Bybit’s Web3 Evangelist, in a written statement. “We are thrilled to see how players embrace FarmX and shape the future of Play-to-Earn experiences,” he added.

Bybit SpaceS, a space-themed platform with an active community of over 3 million players, has grown popular among Web3 enthusiasts. In addition to its engaging gameplay, SpaceS also incorporates a social aspect, allowing players to invite friends and form fleets to collaborate. The introduction of FarmX further strengthens Bybit’s position in the Web3 space by offering new and rewarding gaming experiences.

FarmX: Key Features 

Key features of FarmX include the Farm-to-Earn model, which allows users to connect their wallets, hold SpaceS Points or TON, and begin farming with just a few clicks. FarmX rewards are distributed based on the amount farmed and the timing of participation. The more SpaceS Points or TON a user holds and the earlier they join, the greater their share of the prize pool. Additionally, users can earn exclusive token rewards by farming SpaceS Points or depositing TON.

Users also have the opportunity to tap into the thriving SpaceS community and participate in exciting campaigns offering large prize pools. FarmX’s integration of TON farming marks Bybit Web3’s entry into the dynamic TON ecosystem. By holding TON, players can double their rewards, increasing their earning potential.

The current FarmX campaign offers a prize pool of 40,000 USDT from January 16th to 24th, with future campaigns promising even more attractive rewards and partnerships with leading Web3 projects.

Bybit is a widely acknowledged platform with a strong reputation in the cryptocurrency space, known for its substantial trading volume and a user base of over 50 million. It serves both investors and traders, providing a range of features such as a high-speed matching engine, 24/7 customer support, and multilingual services, all designed to offer a smooth and efficient experience for users around the world.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author


Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles


Alisa Davidson








Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.






More articles





Read More: mpost.io

Tags: BybitdecentralizedFarmingFarmXGamingMetaverserollsspacesTelegramTransformingWeb3
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