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Tag: FCD

  • Web3 Gaming Content Platform FreshCut (FCD) Debuts on Bybit Launhcpool

    Web3 Gaming Content Platform FreshCut (FCD) Debuts on Bybit Launhcpool

    Image Source: Bybit

    Key takeaways:

    • FreshCut is a Web3 and FCD powered gaming platform looking to increase fan engagement and put a spotlight on smaller content creators
    • FCD is the native utility and governance token of the FreshCut platform; 2.625 million tokens will be distributed during the Launchpool program
    • FCD Launchpool program started on May 10 and will run until May 19

    Bybit users can farm FreshCut’s incentive and governance FDC tokens until May 19

    FreshCut, a platform looking to unite gamers and creators using short-form content, is the latest project to be featured on the Bybit Launchpool platform. The Launhcpool program started on May 10 and is slated to remain open until May 19. Bybit users can farm the gaming platform’s native FreshCut Diamond (FCD) token by participating in BIT and FCD farming pools.

    Earn FCD on Bybit Launchpool

    FreshCut, a platform powered by the FCD token and Web3 technology, is looking to disrupt several troubling trends in the gaming industry – namely, the inability of smaller creators and gamers to reach favorable deals with leading streaming platforms such as Twitch and YouTube, and the inability of smaller channels and gaming communities to attract new viewers due to content discovery systems that favor mostly the biggest names in the industry.

    FreshCut aims to solve these problems by introducing a new form of content, which involves curated playlists featuring top gaming content, in which every creator, no matter how big or small, gets a chance to shine and reach new viewers. In addition, FreshCut is introducing a new concept, called Create-and-Earn, that incentivizes content creators to produce exciting and engaging content. Moreover, the platform features a tipping functionality to connect fans with their favorite creators and gamers.

    At the heart of the FreshCut platform is the multi-use case FCD token, which allows owners to participate in the governance aspect of the platform via FreshCut DAO. FCD can also be used for tipping, unlocking membership perks, and advertising as well as sponsorship bonuses.

    FreshCut on Bybit Launhcpool – How to Earn Crypto Rewards by Staking BIT and FCD on Bybit?

    2.625 million FCD tokens out of the total supply of one billion will be distributed during the Bybit Launchpool campaign. The project held an initial dex offering (IDO) earlier this month on Polkastarters and hit its funding goal of raising $500,000 in less than 24 hours. Also, Bybit listed FCD on May 12, allowing a broader investment audience to get access to the gaming-oriented digital asset. 

    At the time of this writing, Bybit users have the opportunity to earn a whopping 3800% APY on their FCD pool investment and 21% APY via the BIT Pool. Keep in mind that rewards are subject to change and are updated daily. The farming program will run until May 19 at 1:00 PM (UTC).

  • FreshCut on Bybit Launchpool – How to Earn Crypto Rewards by Staking BIT and FCD on Bybit?

    FreshCut on Bybit Launchpool – How to Earn Crypto Rewards by Staking BIT and FCD on Bybit?

    Image Source: Bybit

    FreshCut (FCD) is a gaming content Web3 project featured on Bybit Launchpool, a platform that allows Bybit users to earn new tokens by staking their crypto holdings into exclusive project-specific farming pools. A total of 2.625 million FreshCut Diamond tokens will be distributed via the FreshCut Launchpool program, allowing Bybit users to stake BIT and FCD to earn FCD rewards relative to the amount of funds they contributed to the pool.

    Web3 Gaming Content Platform FreshCut (FCD) Debuts on Bybit Launhcpool

    The program started on May 10 at 10:00 AM (UTC) and will run until May 19 at 1:00 PM (UTC).

    How to earn FreshCut (FCD) on Bybit Launchpool?

    Follow our step-by-step guide to learn how to earn FCD tokens on Bybit Launchpool.

    1. Register an account on Bybit and complete the verification process

    In order to participate in the FCD Launchpool, you need to open an account on Bybit and complete the Basic verification (KYC Level 1) process. 

    How to Pass KYC on Bybit?

    Once you have successfully KYC’ed your account, you can access Bybit’s full suite of products and services, including the Launchpoool platform.

    Create Bybit Account

    Bybit’s Launchpool section can be accessed by navigating to the “Earn” drop-down menu on the homepage. Here you can find the Launchpool program and various passive income generating products under the “ByFi Center” umbrella.

    2. Select the FreshCut Launchpool program and stake your BIT holdings

    The most recent Launchpool program is located at the top of the page. Bybit’s token farming platform can pay staking rewards in BIT, USDT, and the project’s native tokens. In the case of FreshCut, the rewards are paid out in the gaming platform’s native FCD governance and utility token.

    In order to begin staking, you must click on the “Stake Now” button. Keep in mind that staked funds can be redeemed at any time during the staking period. The same goes for adding new assets to the pool – you can top up your pool allocation freely. 

    Once you’ve entered the desired amount of funds you are willing to stake into the farming pool, read and agree to Bybit’s terms of service and click “Stake Now” once again to confirm your order.

    3. FreshCut Launchpool rewards calculation and token distribution

    The farming rewards and corresponding APY rates are updated daily at 12:00 AM (UTC) and are distributed among pool participants based on the amount of funds users have contributed to the pool in relation to other participants. 

    The token distribution mechanics are quite straightforward. In short, the share of rewards you are eligible to receive on a daily basis is calculated based on the total amount of crypto funds you have contributed to the farming pool. Bybit follows the following token distribution formula:

    Let’s assume that you’ve staked token α to earn a new token β:

    Your daily yield for β = (the amount of α you’ve staked to the α pool / total number of α staked to the α pool by the all participants) * daily β prize pool

    The rewards are paid to your ByFi Account. From there, you can also unstake your funds before the farming period comes to an end.

    The minimum number of tokens required to participate in the Launchpool is 100 BIT, while the maximum quantity is capped at 30,000 BIT per user.

    4. FCD farming starts on May 10 and ends on May 19

    The FCD farming program started on May 10, 2022, at 10:00 AM (UTC) and is slated to run for nine days, until May 19, 2022, at 1:00 PM (UTC). For more information about the program, click here.

    Final thoughts

    Earning new tokens by staking physical crypto assets in farming pools is one of the least volatile investments in the blockchain sector – in exchange for providing liquidity users are rewarded with risk-free yields. Thanks to Bybit’s Launchpool program, users can stake their digital holdings with no lock-up period or hidden fees to earn new tokens, which can be used for trading purposes or any other crypto use case that the earned tokens support.