The X Empire team previously hinted that many more exchange listings would come as time goes on.
Fans of the wildly popular Telegram-based game X Empire have something to cheer about. Bybit, one of the foremost crypto exchanges, is set to list X Empire (X) for spot trading. According to a recent announcement shared via Bybit’s official Telegram channel, spot trading for the X token will begin at 12:00 UTC on October 24, 2024.
For clarity, X Empire is a play-to-earn game that offers its players the chance to earn X tokens as a reward for their activities in-game. At the moment, the game is in what its team calls the “Chill Phase”. This phase is the time when participants have the opportunity to earn up to 5% of the total token supply, equivalent to 34.5 billion tokens.
As Coinspeaker reported recently, the Chill Phase will end on Thursday, October 17, at exactly 18:00 UTC. However, the X Empire team has also reassured users that failure to participate in this phase does not take away their eligibility for the initial token distribution of 70%.
Bybit Shares Key Details for Traders
The exchange noted that deposits for X tokens will open at 8:00 AM. UTC on the same day of the listing. The move is expected to give users time to prepare for trading. Withdrawals, however, would not be enabled until a day after listing. That is, withdrawals will be available, starting at 10:00 AM UTC on October 25.
Bybit also confirmed that all transactions, including deposits and withdrawals of the X tokens, will be carried out via the TON chain.
Anticipation Builds
As expected, X’s upcoming listing on Bybit has raised curious concerns among observers and fans of the token. That is, as they wait eagerly to see how it performs on the platform and every other major platform that lists it.
For what it’s worth, the token has already gained industry-wide attention due to its unique play-to-earn model. Listing on major exchanges like OKX and Bybit is also expected to increase its visibility and value.
Moreover, analysts are also hopeful that the token’s limited supply would likely create a high demand. That is, as investors race to get in before the token’s price begins surging.
The X Empire team previously hinted that many more exchange listings would come as time goes on. Expectations, however, are that those listings will expose the X token to a wider range of users, ultimately boosting its liquidity as well as its market reach. All things being equal, the long-term growth potential of the X token seems to be well on track.
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