Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially introduced FarmX, a decentralized farming platform, to SpaceS, its Telegram game bot, as learned by Finbold on Wednesday, January 15.
The novel farming platform will allow both beginner and experienced crypto users to earn rewards by doing simple farming tasks and participating in platform campaigns.
Furthermore, the additional layer to the play-to-earn system is designed to further motivate gaming participants within the broader SpaceS ecosystem.
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A thriving space-themed Web3 community
Bybit SpaceS is a dynamic Web3 community with over 3 million players immersed in its space-themed gameplay. Beyond its gaming mechanics, SpaceS acts as a social platform that allows participants to interact with friends and play together by forming fleets.
FarmX, the new addition to the thriving ecosystem, aims to expand on the innovative and rewarding experience with the following features:
Farm-to-earn: Players can connect their crypto wallets, hold SpaceS Points or TON, and immediately start earning.
Early bird advantage: FarmX rewards are proportional to the amount of SpaceS Points or TON held and how early users begin farming. The more players hold and the earlier they participate, the greater their prize pool share.
Loyalty rewards: Exclusive token rewards are available for users farming SpaceS Points or depositing TON.
Community engagement: FarmX intends to leverage SpaceS’ thriving three-million-strong player base to participate in campaigns with significant prize pools.
TON Ecosystem Integration: FarmX supports the TON ecosystem, and players holding TON are eligible to double their rewards.
MK Chin, Bybit’s Web3 Evangelist, showcased FarmX and highlighted the opportunities that the new decentralized farming platform provides:
“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. We are thrilled to see how players embrace FarmX and shape the future of play-to-earn experiences.”
40,000 USDT prize pool
Finally, between January 16 and January 24, the FarmX campaign will offer an additional 40,000 USDT prize pool, with Bybit announcing more campaigns with higher rewards and new collaborations within the Web3 space.
