What is CropBytes (CBX)? Bybit Launchpad starts second project for BitDAO (BIT) owners

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

Users can get CBX tokens by committing to a certain amount of BIT tokens based on the average daily BIT balance (within 5 days from October 31st to 5th before that date).

If you don’t have a Bybit account, please register here and KYC to join 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, players own farms, grow crops, raise animals, and produce goods to build crypto farms. The CBX Utility Token is an integral part of the CropBytes world, it is linked to all activities in the game.

Cropbyte recently completed its seed funding round which involved a number of strategic partners including ExNetwork Capital, Old Fashion Research, Co-Founder and COO of Wazirx Exchange, Siddharth Menon, Chief Growth Officer at Wazirx Exchange, Solana, Tamar and Polygon (Matic) co-founder and COO Sandeep Nailwal.

Project highlights

• The fundamental innovation in gaming is the balanced economy that sets CropBytes apart from all blockchain games on the market today.
• There is a healthy mix of fungible tokens (FT) and non-fungible tokens (NFTs) in CropBytes, while most other games these days focus solely on NFT. This solves many problems related to liquidity and high frequency trading.
• The Cropbytes Games Community has been a strong community with active players that has existed for 3 years and is one of the few blockchain games that are already available in the Playstore, AppStore and on the web.

Token information

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

ByBit Launchpad

Snapshot time (snapshot): 7:00 am (Synthetic Team time) October 31st to 6:59 am November 5th

During this 5-day period, the average daily amount on your Spot account is recorded by hourly snapshots. It is updated daily at 10:00 a.m.

Registration time (obligation): From 10:30 am on November 5th to 5:59 pm on November 5th.

You need to click the “Commit Now” button (Do it now) Commit certain BITs to the project during this subscription period. The amount of BIT that can be tied depends on the average daily BIT balance in your Spot account for 5 days. Please note that the amount you have promised will be blocked and will only be accessible for transfers, withdrawals or trading after the CBX distribution.

Delivery time: From 6:00 p.m. on November 5 to 6:59 p.m. on November 5.

Calculation: Allocated CBX = (number of BITs you have promised / total BIT of all participants) * total CBX allocated to the project. Up to 5,000 CBX per person, no matter how much BIT storage volume (This is beneficial for the fry).

Based on the outcome of the CBX assignment, the corresponding BIT amount will be deducted from your pledged amount, while your CBX assignment and the remaining BIT will be returned to the Spot Account. After that, you can continue to deposit into Launchpool to receive daily interest.

Recording time: The CBX / USDT pair trades at 7:00 p.m. on November 5th.

If you don’t have a Bybit account, please register here and KYC to join the program.

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Bao Cong

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