Bybit will collaborate with other cryptocurrency exchanges to introduce X Empire ($X) spot trading

Bybit has expanded the number of digital assets available to consumers by adding support for X Empire’s $X token for trading.

Exchange of cryptocurrencies Bybit has extended its support for the trading of X, the digital asset associated with X Empire, a play-to-earn (P2E) game on Telegram, to a broader range of companies.

The exchange will list the token on its spot market at approximately 12:00 PM UTC later today, October 24, according to a recent announcement. In anticipation of the token’s official debut, Bybit commenced accepting X deposits on October 18. However, withdrawals will be postponed until October 25.

Users will be able to trade the digital asset on Bybit and other exchanges, including OKX, Bitget, KuCoin, MEXC Global, BingX, and even Telegram-based Wallets, once it goes live on The Open Network (TON) blockchain later today.

Nevertheless, X Empire developers intend to introduce the token in stages, contingent upon the user’s location. For example, the digital asset will be accessible to users in San Francisco, United States, at approximately 6:00 PM local time, while those in New York will have access at approximately 8:00 PM.

The impending token launch today marks the beginning of a new phase for the game, which was originally developed as a Telegram Mini App.

The initiative has recently formed a partnership with Hrum, another P2E game, to provide token holders with exclusive rewards.

Bybit has announced two promotional events for X Empire in honor of the digital asset’s launch. One event is reserved for new users, while the other is exclusively for traders.

Bybit said, “To celebrate, we’ve planned two special events with a total prize amount of 920,000,000 X just for you.”

The promotion provides X Empire supporters with the opportunity to win from a 520,000,000 X prize pool by depositing $100 worth of USDT $1.00 or accumulating 300,000 X. In addition, traders have the opportunity to participate in a 400,000,000 X prize fund by trading USDT equivalent to $10,000 on Bybit’s spot market.

Meanwhile, the game that entered the crypto industry in the wake of Notcoin’s launch completed its gameplay phase last week. The project is currently in the process of transitioning to an AI-powered platform following the token launch as part of its future initiatives.

Additionally, X Empire intends to enhance the token’s utility and appeal to investors by establishing additional partnerships and enhancing the platform. The game, which is based on Telegram, enables users to generate personalized non-fungible token (NFT) avatars from their photographs. It integrates artificial intelligence, blockchain technology, and user-generated content to provide a streamlined entry into the Web3 space.

Also Read: Vlad Putin concedes that the US currency reigns despite his efforts