KEY TAKEAWAYS
- Bybit launches FarmX, a new incentive platform integrated into its Telegram game bot, SpaceS, enhancing user engagement through decentralized farming.
- FarmX allows users to earn rewards by farming SpaceS Points and $TON assets, offering an ‘Early Bird Advantage’ for early participants.
- Integration with the TON ecosystem enables users to double their rewards, marking Bybit Web3’s significant entry into decentralized finance.
- The FarmX campaign includes a 40,000 USDT prize pool, with future campaigns promising more rewards and collaborations in the Web3 space.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of FarmX, a new incentive platform integrated into its popular Telegram game bot, SpaceS. The announcement was made here on January 15, 2025.
FarmX offers a novel way for users to earn rewards by farming SpaceS Points and $TON assets. This initiative aims to enhance user engagement within the crypto ecosystem by providing a decentralized farming experience.
Innovative Features of FarmX
FarmX introduces several key features designed to enrich the gaming experience. The ‘Farm-to-Earn’ model allows users to connect their wallets and start farming by holding SpaceS Points or $TON. This process is simplified to a few clicks, making it accessible to a wide audience.
Participants can benefit from an ‘Early Bird Advantage,’ where rewards are distributed based on the amount farmed and the timing of participation. The earlier a user starts farming, the greater their share of the prize pool.
Additionally, FarmX offers exclusive loyalty rewards for those who farm SpaceS Points or deposit $TON. This feature is community-driven, encouraging participation in campaigns with significant prize pools.
Integration with the TON Ecosystem
FarmX marks Bybit Web3’s entry into the TON ecosystem, allowing players to double their rewards by holding $TON. This integration is expected to unlock further earning potential for users.
MK Chin, Bybit’s Web3 Evangelist, stated that FarmX represents a significant milestone for both SpaceS and Bybit Web3. By integrating decentralized farming into the game, Bybit aims to democratize access to decentralized finance (DeFi) and provide new opportunities for users to earn rewards.
The FarmX campaign includes an additional 40,000 USDT prize pool, running from January 16th to 24th. Future campaigns are set to offer even more enticing rewards and collaborations with leading projects in the Web3 space.
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