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What is Symbol (XYM)?

Symbol basic info

Name:Symbol

Ticker:

XYMBuy now

Introduction:

Learn about Panda Farm (BBO) and how to take part in its IEO on Bitget Launchpad right here!

The Arbitrum network has seen steady growth even through the tough bear market, with the number of users rising from under 40,000 in January to over 370,000 at year-end 2022. This has caught the attention of many users and developers, as the demand for high-quality blockchain gaming experiences continues to grow.

And Panda Farm, is the first fully on-chain GameFi project on Arbitrum. By leveraging the power of the network, Panda Farm showcases the potential of blockchain technology to transform the gaming industry.

What is Panda Farm (BBO)?

Introduction image 0

Source: Panda Farm Twitter

Panda Farm (BBO) is a pioneering GameFi project that is taking the blockchain gaming world by storm. With its emphasis on on-chain gameplay and the ability for users to earn money while playing, Panda Farm is poised to become one of the most popular gaming ecosystems in the crypto space.

Built on the Arbitrum network, Panda Farm is designed to be fully decentralized and community-driven. The team behind the project is committed to create new games and expand the Panda Farm ecosystem.

At the heart of the Panda Farm ecosystem is the Foodies Competition, which is the first game to be launched on the farm. In this game, players compete to peel and chew bamboo, with the winner taking home a share of the BBO rewards. The game is simple but addictive and will attract a loyal following.

What is BAMBOO Token?

BAMBOO Token (BBO) is the Panda Farm utility token. It can be used to adopt pandas, exchange pandas, participate in games, and access advanced PandaFarm ecosystem features. All players will gather in the community through BBO, participate in community governance, and get incentives. Players who participate in the game and contribute to the community can obtain BBO incentives.

With a unique mechanism, BBO is designed to limit the possibility of inflation.

Introduction image 1

Information about BBO IEO on Bitget Launchpad

- Project Name: PandaFarm (BBO)

- Total Supply: 100,000,000 BBO

- Total Launchpad Allocation: 1,000,000 BBO

- Total Winning Tickets: 2,500 Tickets

- Each Winning Ticket Contains: 400 BBO

- Sale Price: 1 BBO = $0.05 (price in BGB will be announced prior to exchange period)

- Entry Method: Hold BGB Earn

The Important Schedule Reminder

Introduction image 2

Step-by-step guide to Panda Farm IEO on Bitget Launchpad

In order to enroll in Panda Farm IEO on Bitget Launchpad, you have to prepare the following requirements:

- BGB: You have to hold a minimum of 100 BGB daily to earn your lottery tickets.

- KYC: You have to pass the KYC Verification in order to use Bitget’s features.

Step 1: Visit Bitget website and create a new account or log in your existing one.

Next, select "Launchpad" from the Home page's menu.

Introduction image 3

Step 2: The Panda Farm (BBO) IEO can be seen here. Click on the “View project”.

Introduction image 4

Step 3: From here, you can join the IEO by holding your BGB. Click on “Registration”. Your estimated tickets can be viewed on the dashboard.

Introduction image 5

Step 4: Stack up on some BGB and sit back to relax while we work on the nitty-gritty details. The lottery results will be revealed on February 19 at 1 PM (UTC).

If you have winning tickets, you can exchange them for an equal value of BBO on the Launchpad page between February 19 at 1 PM and February 20 at 11 AM (UTC).

Introduction image 6

How does Bitget Launchpad calculate your lottery tickets?

Lottery tickets can be earned between February 16, 11 AM to February 19, 11 AM (UTC). Hold BGB to earn tickets based on your daily average holdings. To calculate your ticket eligibility, a snapshot of your spot account will be taken daily at a random time to determine your daily average BGB holdings.

Your Average BGB Holding Amount	Ticket(s)
100 ~ 500 BGB	1 ticket
501 ~ 2,000 BGB	2 tickets
2,001 ~ 10,000 BGB	5 tickets
10,001 BGB ~ 30,000 BGB	10 tickets

Notes:

i) BGB in your Futures, Copy-Trading, Margin, Earn, Launchpool, P2P and Trading Bonus account will be excluded from the calculation.

ii) Daily Average BGB Holdings = Sum of daily BGB average in spot account.

For example, Bob holds 500 BGB, 400 BGB and 1,000 BGB on three respective days. Bob’s average BGB holding amount will be calculated as (500 BGB + 400 BGB + 1,000 BGB) / 3 days = 633.33 BGB. Therefore, Bob will get 2 tickets.

iii) Daily snapshots will occur at random times.

iv) Pending orders are included in the calculations.

v) Capped at 10 tickets per user.

Terms Conditions:

- A snapshot will be taken at a random time during the Launchpad period. Withdrawals during the event might affect data recording and result in a decrease in tickets.

- Participants must complete Identity Verification (KYC) to be eligible for the event.

- Users who are KYC verified in Mainland China, Hong Kong, and Macao are not allowed to participate.

- Bitget reserves the right to the final interpretation of this event. If any malicious behavior or exploitation of platform vulnerability is found, Bitget reserves the right to handle the user's account and assets.

Secure your Bitget account today and get your lottery tickets for the Panda Farm IEO!

Disclaimer: All investment strategies and investments are subject to the risk of loss. Nothing contained in this article should be construed as investment advice. Users are strongly advised to do their due diligence and invest at their own risk.

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Current price:

$0.01877More price details

All-time high:$0.7715

All-time low:$0.01259

XYM supply and tokenomics

Circulating supply:6,112,265,000 XYM

Total supply:8,402,314,117.3 XYM

Max supply:8,999,999,999 XYM

Market cap:$114.74M

Fully diluted market cap:$168.95M

Token allocation:

Opt-in (Distributed for XEM holders)

60.13%

Protocol Treasury

20.43%

Block rewards

12.86%

Quadratic Funding

6.58%

Tokenomics:

Token utility

XYM, Symbol’s native cryptocurrency, is used to incentive general platform usage, such as paying for transactions, as well as platform staking. Additionally, it is issued to stakers as a reward for their help in securing the network.

Links

Website:https://docs.symbol.dev/

Whitepaper:https://symbol.github.io/symbol-technicalref/main.pdf

X:https://twitter.com/thesymbolchain

GitHub:https://github.com/symbol

Buy Symbol for $1Buy XYM now

What is the development prospect and future value of XYM?

The market value of XYM currently stands at $114.74M, and its market ranking is #412. The value of XYM is not widely recognized by the market. When the bull market comes, the market value of XYM may have great growth potential.

As a new type of currency with innovative technology and unique use cases, XYM has broad market potential and significant room for development. The distinctiveness and appeal of XYM may attract the interest of specific groups, thereby driving up its market value.

What will the price of XYM be in 2025?

Based on XYM's historical price performance prediction model, the price of XYM is projected to reach $0.02669 in 2025.

What will the price of XYM be in 2030?

In 2030, the XYM price is expected to change by -15.00%. By the end of 2030, the XYM price is projected to reach $0.03533, with a cumulative ROI of +88.01%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of XYM and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

XYM price XYM price prediction XYM news

Is XYM worth investing or holding? How to buy XYM from a crypto exchange?

If you want to buy XYM, the following information may be helpful for your investment decisions:

In the last 7 days, the price of XYM has fallen by -21.29%, leading to negative returns for most XYM investors. The market is currently pessimistic about the price trend of XYM.

It is important to note that the current price of XYM has retreated by -97.57% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether XYM is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in XYM or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of XYM, if you want to buy or sell XYM, you can consider Bitget for your trading needs. The best place to buy XYM is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Symbol has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Symbol. Here's a step-by-step guide on how to buy Symbol on Bitget.

Buy XYM now Coin buying guide

How to get Symbol through other methods？

Using cash to buy Symbol is not the only way to obtain Symbol. If you have the time to spare, you can get Symbol for free.

Learn how to earn Symbol for free through the Learn2Earn promotion.

Earn free Symbol by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Symbol airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Symbol through Bitget Convert, Bitget Swap, or spot trading.

What is Symbol used for and how to use Symbol?

The use case of Symbol may expand as the crypto market and the project itself develop. Currently, you can use XYM to achieve the following goals:

Arbitrage by trading XYM: Since XYM is a frequently traded cryptocurrency, the price of XYM is always fluctuating. Earn more XYM by buying low and selling high on the exchange. Bitget spot market provides a variety of XYM trading pairs to fully meet your needs.

Earn by staking XYM: You can also generate income through financial management methods such as staking XYM or lending XYM. Bitget Earn offers a variety of financial products designed to help you earn more income from your XYM.

Send or pay XYM: If you want to give XYM to your friends, a charity, or a fundraiser, or you want to pay someone with XYM, you can quickly and easily send XYM to the recipient through their payment address.

You can also go to the official website of the Symbol project to learn more about the use cases of XYM. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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