Press Release
PRICE RELEASE To say that a crypto gaming community has survived for 4 years is extraordinary, to put it mildly. CropBytes was launched during the 2018 bull run, and the team’s strategy and agility towards changing market scenarios and needs of the community have enabled the game to sustain and grow over the years. It started as a NFT-based game, with an initial flash sale. Now it is a game that has a sustainable economy. There are over 550k downloaded games and sufficient liquidity in the market.
The initial game version was released in early 2018, and was very popular with the crypto-based gamers. The demand for goods and game assets grew as the number of players increased. The game economy that we have today was created from this.
Building a web3 games for the Bulls & the Bears
When the game’s acceptance grew and more players began to hold assets in the game, the CropBytes team saw that demand for NFTsAs the bear market approached, their numbers dropped. The team decided to focus on economics. It was clear that an NFT only game won’t survive the bear market. After extensive research and consultation the team concluded that adding FTs is critical to the economy’s sustainability.
The trading team moved from traditional listing trading to an orderbook. Transfer. The strategy succeeded, and CropBytes was able to successfully navigate through the initial bear market with the game’s players not abandoning ship as was the case with some other games.
It’s not enough to just promote NFT
CropBytes began with a basic economy. They chose not to take it too far like establishing an inflation protocol or deflation protocol. However, they had a plan for the future. A prime example of this is that the gamers were aware from the start that a ‘Version 2’ of the economy, also referred to as the ‘Service Economy’, was on the way. It was originally intended that it would be deployed in 2020. However, the team decided to accelerate it because an exchange for players to trade and buy FTs is essential to allow players to grow their assets’ value.
The importance of 2020 and CropBytes’ involvement
CropBytes gained market cycle knowledge after playing the game for two years. They were able to predict the 2020 bull market. That’s when it started, as the team was fully prepared with essential features and a great product along with the new in-game Refer a friendThis plan attracted many new users from South America and Southeast Asia. Today, this huge influx of gamers accounts for approximately 45% of active users. And growth continues even today.
Many of the established members had lost their income due to the pandemic. CropBytes became the only option for their financial security. This helped bring together both the team and community. It was the most pivotal point in CropBytes’ journey, and the team has witnessed countless participants increase their portfolio by more than 8,900%You were alone at that moment.
CropBytes’ gamers are hence more devoted to their CropBytes metaverse assets than they are to their actual world assets. They exist in the metaverse and actively participate in the economy’s growth on a daily basis.
CBX IEO: Partners and Overall Journey
In order to build a solid foundation for the game and to make it fully functioning and balanced before opening the market to more people, the central platform was used to start and develop the game. According to the roadmap, many in-game enhancements like Pro-Animals and Breed Feed Crafting as well as Superhero Breeding, Breed Feed Market, Superhero Breeding, New UI and other have been successful released.
The native token is also available. CBX, debuted on Bybit and MEXC following a successful launchpad setup by the exchanges and with support from notable industry leaders like Sandeep Nailwal (CEO & Co-Founder of Polygon), Siddharth Menon (COO & Co-Founder of WazirX), as well as various major VCs such as Draper Dragon, Exnetwork Cap, and others. Nischal Shetty (CEO & Co-Founder of WazirX), Harsh Rajat (Founder of EPNS), and many additional crypto industry luminaries also contributed.
‘While NFTs are the most popular form of game assets, fundamentally it may not be sustainable in open economy. Real world economics and commodities game assets must be designed in a way that makes them interchangeable. This addresses the biggest problem with NFT that is liquidity and attracts more capital over time.’
– Siddharth Menon, Founder Tegro
CBX token is CropBytes’ metaverse token. Many projects can distribute tokens without having a product. CropBytes has managed the game’s first three years. It also established a strong community for TRX tokens, another popular token. It was only in Nov 2021 that CropBytes was listed on a joint platform by Bybit & MEXC and this greatly assisted the veteran players who remained by CropBytes’ side.
How can we learn more about CBX
The plans for CBX are long-term, as the price is not based on ‘hype’ but rather value. In the span of just four years, CBX’s asset value increased gradually and currently stands at more than 50x its purchase price.
Also, as good projects usually take time to reach their potential, the fact that the players who signed up at the beginning are still hanging on to their assets and have expanded their portfolio by over 40x to 50x is a true testament to CropBytes’ robust and sustainable economy. The future plans include the development of the metaverse and mini-games as well as the services economy, which will continue in different phases.
CropBytes
CropBytes, a unique farming simulation game is available. Starting a ‘crypto farm’ entails more than just growing digital crops and raising animals, since the project’s major goal is to be at the heart of the cryptocurrency gaming revolution with its inherently constructed game economy.
Its mission is to offer its customers a platform that leverages the power of cryptocurrency to help them both earn and play in the digital realm. iOSAnd Android compatible. CropBytes currently has over 550,000 active signups, and an average of 15,000 monthly users. This is a highly-regarded gaming initiative in this sector, as it strives towards the Web 3.0 revolution.
Global community of believers includes gamers from India, Thailand, Indonesia and Venezuela.
Everyday, 1000’s of gamers are joining this revolution, consistently contributing to the growth of the CropBytes’ sustainable economy. Today the game is far more diverse, immersive, rewarding, and collaborative…. It’s just as real life. This new world offers more possibilities and allows ambitious crypto farmers the chance to prosper. Today CropBytes’ identity has adapted with its growing community and renewed vision.
CropBytes allows every player to create and manage their crypto farm. This will allow them to sustain the metaverse. #FarmOnCropBytes
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