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Cryptocurrency News Articles

Capybara Nation ($BARA) Token Now Available on Crypto.com App, Sees 100x Growth Post-Listing

Nov 23, 2024 at 12:24 am

Capybara Nation has announced that its native token, $BARA, is now listed on the Crypto.com App. This listing allows users to buy, sell, and trade $BARA

Capybara Nation ($BARA) Token Now Available on Crypto.com App, Sees 100x Growth Post-Listing

Native token of Capybara Nation, $BARA, is now available for trading on the Crypto.com App. This integration enables users to seamlessly buy, sell, and trade $BARA using a variety of fiat currencies, such as USD and EUR. Furthermore, for those who prefer decentralized exchanges, $BARA is also listed on VVS Finance.

After being listed on Crypto.com, Capybara Nation ($BARA) has experienced significant growth. The token saw brisk activity with over $9.5 million in daily activity, and its price reached a peak of $0.00008765 before stabilizing. Notably, the token has surged by over 100x since its initial launch.

Within 24 hours, the token’s Fully Diluted Valuation (FDV) surpassed the $1 billion mark, indicating strong demand from investors.

Capybara Nation combines Web3 gaming with Telegram to offer a user-friendly and rewarding gaming experience. Built on the Cronos blockchain, it allows players to earn, strategize, and grow their virtual nations using $BARA.

The token serves multiple purposes within the game, functioning as both a governance and utility token. It enables players to participate in various in-game activities, staking, and reward programs.

The first $BARA airdrop, which was scheduled to be completed on November 21, saw the distribution of tokens to eligible wallet holders. The airdrop is being conducted in seven total distributions over six months to incentivize early supporters and active participants. In addition to the airdrop, players can further increase their rewards through staking and completing monthly quests.

Staking options include 3, 6, and 12 months, with higher yields for longer commitments.

The $BARA token is at the heart of the Capybara Nation ecosystem, serving as both a governance and utility token. With a total supply of 100 trillion tokens, nearly 49% is allocated to the Capydrop, a multi-phase airdrop program designed to reward early adopters and active players.

Another crucial aspect is liquidity, with 20% of the tokens allocated to ensure smooth trading on decentralized platforms like VVS Finance and centralized exchanges such as Crypto.com. Capybara Nation dedicates 15% of the supply to strategic partnerships. Additionally, 10% of the tokens are reserved for operational expenses, while 6% is allocated to the team as long-term incentives.

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