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Bybit Web3 Launches FarmX, Revolutionizing Telegram Gaming with Decentralized Farming in SpaceS

DUBAI, UAE, Jan. 15, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, today announced the launch of FarmX , a groundbreaking decentralized farming platform integrated into its popular Telegram game bot, SpaceS. FarmX empowers both new and experienced crypto users to earn rewards by completing simple farming tasks and participating in various campaigns, introducing a new dimension of play-to-earn excitement to the SpaceS ecosystem. Bybit SpaceS, with its engaging space-themed gameplay and vibrant community of over 3 million players, has become a beloved platform for Web3 enthusiasts. Beyond its gameplay, SpaceS introduces a social element, allowing players to invite friends and form fleets to play together. The introduction of FarmX further solidifies Bybit’s position as a leader in innovative and rewarding gaming experiences. Key Features of FarmX: Farm-to-Earn: Connect your wallet, hold SpaceS Points or TON, and start farming with a few simple clicks. Early Bird Advantage: FarmX rewards are distributed based on how much you farm and how early you start. The more SpaceS Points or $TON you hold and the earlier you participate, the greater your share of the prize pool. Exclusive Loyalty Rewards: Earn exclusive token rewards by farming SpaceS Points or depositing TON. Community-Driven: Leverage the thriving SpaceS community and participate in exciting campaigns with massive prize pools. TON Ecosystem Integration: FarmX integrates TON farming, marking Bybit Web3’s entry into the vibrant TON ecosystem. By holding $TON, players can double their rewards, unlocking even more earning potential. MK Chin, Bybit’s Web3 Evangelist, commented: “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.” The FarmX campaign offers an additional 40,000 USDT prize pool from January 16th to 24th. Subsequent campaigns will feature even more enticing rewards and collaborations with top projects in the Web3 space. #Bybit / #TheCryptoArk / #BybitWeb3 About Bybit Web3 Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally. Join the revolution now and open the door to your Web3 future with Bybit. For more details about Bybit Web3, please visit Bybit Web3. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube U.Today

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This Meme Coin Explodes by 110% Following Support From Coinbase

TL;DR Toshi (TOSHI) soared by triple digits after being embraced by popular crypto exchanges like Coinbase. TOSHI is not the only meme coin well in the green, with DOGE, SHIB, WIF, and many more pumping substantially. The Coinbase Effect The past 24 hours have been quite successful for the bulls, with numerous cryptocurrencies registering impressive price spikes. Some notable gainers include Ripple (XRP) and Cardano (ADA). Interestingly, the lesser-known Toshi (TOSHI) is one of the tokens outperforming all cryptocurrencies in the top 100 club . The cat-themed meme coin, launched on multiple blockchains like Solana and Base, saw its valuation skyrocketing by over 110% on a daily scale , reaching a one-month high of $0.00036788. In the following hours, it slightly retraced and is currently trading at approximately $0.0002957. TOSHI Price, Source: CoinGecko TOSHI’s rally could be attributed to Coinbase, which added the asset to its roadmap earlier today (January 15). It is important to note that tokens in that zone must meet certain criteria before being officially listed. Shortly after, another well-known crypto exchange – Crypto.com – allowed trading services with TOSHI. “Crypto.com App users can now purchase TOSHI easily with USD, EUR, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card,” the announcement reads. Receiving support from industry leaders like Coinbase and Crypto.com usually has a positive effect on the price of the involved cryptocurrency due to a liquidity boost, increased availability, and improved credibility. The same thing was observed last year when Coinbase put Tensor (TNSR) – the native cryptocurrency of the leading Solana NFT marketplace – on its roadmap section. The asset’s price shot by 70% shortly after the disclosure. What About the Other Memes? The meme coin sector rebounded in the past 24 hours, with Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), ai16z (AI16Z), Akuma Inu (AKUMA), Snek (SNEK), and more, being well in the green. The very few memes whose prices remain in the red territory include SPX6900, Peanut the Squirrel (PNUT), and some others. It is interesting to note that the meme coin inspired by the eponymous pet named Peanut witnessed a price increase of 30% on January 14, following support from Coinbase. Currently, though, it is worth around $0.58, representing a 7% decline on a daily scale . The post This Meme Coin Explodes by 110% Following Support From Coinbase appeared first on CryptoPotato . U.Today