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CropBytes plans to integrate staking where CBX token holders can lock their assets in staking pools for rewards.
Blockchain gaming platform CropBytes has revealed an increase in growth within its ecosystem in November. This development comes after listing its native token CBX on crypto exchanges ByBit and MEXC earlier in the month.
According to metrics from CoinMarketCap the price of CBX has increased by over 600% during this period, and there are now over 120,000 CBX holders globally. In addition, CropBytes noted that it had also recorded an increase in the number of gamers on its platform due to the listing on the crypto exchanges.
MEXC and ByBit are popular exchanges with a combined userbase of more than 5 million, and it is not surprising that CBX has gotten traction since its listing on the platforms. CropBytes has also announced the addition of new applications for CBX token within its gaming ecosystem.
According to the gaming metaverse, users can now use CBX to buy packs and seeds to begin their farming journey. The utility token also grants access to exclusive events and games, while players can trade in-game assets and extracts for CBX.
CropBytes noted that gamers would be able to participate in staking, mini-games and NFT activities in the future.
CropBytes Announces Upcoming Product Launches
CropBytes has also reported that it is working on a couple of products and upgrades that will be launched in the coming weeks. Key among these is the CBX mining and burning feature that is expected to bring added utilities to its native token CBX.
According to the gaming metaverse, players will be able to mine CBX tokens during gameplay, and a burning feature will be deployed as a deflationary measure. Furthermore, CropBytes plans to integrate staking where CBX token holders can lock their assets in staking pools for rewards.
The gaming platform also noted that it is improving its gameplay graphics into a 3D terrain and will be introducing a new in-game feature where players can pit their superhero NFTs against each other in battle royales.
It remains to be seen how these new updates will be received by the CropBytes community. Nevertheless, blockchain gaming continues to grow with the sector worth more than $50 billion according to data from CoinMarketCap.