Published December 4, 2023
What is $CBX?
CBX is the native digital currency used within CropBytes, a virtual farming simulation game. It plays a central role in the game's economy, serving various functions:
In-Game Currency: CBX is used for transactions within the CropBytes game, including buying, selling, and trading in-game assets like animals, crops, and equipment.
Economic Integration: The game integrates real-world economic principles through its unique economic model, Tegronomics, where CBX is a key element.
Player-Driven Economy: The value and utility of CBX are largely determined by the players themselves, as they engage in various in-game economic activities, making it a dynamic and interactive component of the game.
Mining and Earning: Unlike traditional cryptocurrencies, CBX is mined through in-game activities, aligning the concepts of play-to-earn and crypto-mining. Players earn CBX by engaging in various activities within the game, such as farming and managing assets.
Deflationary Model: CBX follows a deflationary model, where its supply is gradually reduced over time, potentially increasing its value, similar to how Bitcoin’s scarcity impacts its value.
Accessibility: For gamers, CBX acts as an accessible introduction to the world of cryptocurrencies, mirroring the role Bitcoin has played for the general public in the broader financial landscape.
In summary, CBX is not just an in-game currency but also a cryptocurrency with real economic value, designed to integrate and reflect real-world economic principles within the virtual world of CropBytes.
Who owns $CBX?
The CropBytes team looks over the distribution, production, burn, and other activities of CBX.
Recent $CBX Updates
Some major recent updates include:
2024 Game Experiences: Preparations for major new game experiences in 2024, promising an exciting year ahead.
Superheroes on Polygon: Transition of over 1900 Superheroes into ERC-721 Tokens on the Polygon blockchain, enabling trade and interoperability across multiple platforms.
Superhero Battles Game: Launch of a Superhero Battles game in 2024, transitioning from farming to PVP battles.
CB Army App & Dynamic SH Breeding: Introduction of the CB Army app for community rewards and a new breeding mechanism for Superheroes with a maximum supply cap.
Player XP System: Implementation of a new Player XP System to recognize achievements and support player progression.
Web3 Gaming Event Participation: Participation in a major Web3 gaming event and introduction of new gaming features like Speed Fishing Mode.
Public Metrics Dashboard & USDT Markets: Launch of a public metrics dashboard for transparency and removal of trading fees on all USDT markets.