XYRO Selected for Incubation by CoinMarketCap Labs After Closing $1.4M Funding Round Led by Animoca Brands

Gamified social trading is a brand-new Web3 trend that fuses the functionalities of GameFi and social trading - the practice of sharing and following trading ideas within a community.

Gamified social trading platform XYRO has been selected for incubation by the CoinMarketCap Labs accelerator after closing a $1.4M funding round led by Animoca Brands.

DUBAI, United Arab Emirates, Dec. 27, 2024 (GLOBE NEWSWIRE) -- A brand-new Web3 trend, gamified social trading combines the functionalities of GameFi and social trading, the practice of sharing and following trading ideas within a community. Its first major representative, XYRO, has achieved remarkable success, garnering over $3.5 million in gaming volume within just a few short weeks after its mainnet release.

The platform features four trading modes in which players forecast crypto prices and compete for rewards in USDT. Built on the Arbitrum blockchain, XYRO is powered by Chainlink price feeds and records the outcome of every game session on-chain for complete transparency.

In September 2024, XYRO was chosen as an incubatee by CMC Labs, one of the most important Web3 accelerator programs. According to the press release by CoinMarketCap, the partnership "is poised to foster groundbreaking developments within the crypto gamification landscape.”

Animoca Brands and Chainlink Back XYRO

In addition to CMC Labs, several more major industry players have extended their support to XYRO, including Chainlink and Animoca Brands. The latter, one of the biggest investment funds in Web3 gaming with projects like Magic Eden and OpenSea in its portfolio, became the lead investor in XYRO's funding round in July 2024, which raised a total of $1.4 million.

Another important partnership signed by XYRO is with Chainlink, the recognized leader in the blockchain oracle market. The partnership sees Chainlink providing the gamified social trading platform with decentralized on-chain data streams that guarantee the transparency of all game outcomes.

Thanks to the expertise and resources provided by Animoca Brands, CMC Labs, and Chainlink, XYRO was able to launch the mainnet version of the platform on schedule and to decisive success. All four gaming modes - Bull's Eye, Setups, Up/Down, and 1vs1 - now run on the Arbitrum blockchain and feature rewards in USDT.

Over 2 million users have already joined the XYRO community, including many pro traders and KOLs who share their personal trading ideas via the unique Setups mode. With $3.5M in gaming volume, XYRO is now gearing up for the two next milestones on the roadmap: the introduction of a set of AI features and an industry-first gamified airdrop.

XYRO to Enhance Gamified Trading with AI

AI tools can be incredibly useful for improving one's trading strategy and identifying opportunities in the market. XYRO will be the first to combine such tools with gamification.

Players will get access to an AI strategy advisor, which will provide personalized recommendations based on each user's trading style. A special gaming mode will also be introduced by XYRO where players will be pitched against a machine learning algorithm - in the same way that they now battle other players in the 1vs1 mode. More features will be available as part of the AI utility integrated into the XYRO interface.

As work on the AI toolset proceeds, XYRO is also preparing for another crucial event: the release of its native utility token, also called $XYRO. The TGE (token generation event) is scheduled for Q1 2025 and will be followed by a sweeping gamified airdrop - the first such event in Web3 gaming.

Each player's $XYRO airdrop allocation will be calculated based on multiple factors, including mainnet gaming volume, bonuses conferred by special Discord roles, points accumulated through daily quests and challenges, leaderboard rank, and more. The preparatory stage of XYRO's gamified airdrop has been running for several months, and new users still have an opportunity to join and secure an airdrop.

Being the first gamified trading token in the market will solidify XYRO's status as a first-mover. As the gamified trading narrative gathers steam, 2025 is set to become a year of rapid growth and innovation for XYRO. For more information on the project, visit the official website.

Official website: https://xyro.io

X: https://x.com/xyro_io

Telegram: https://t.me/xyro_io

Discord: https://discord.gg/xyro

XYRO CEO on X: https://x.com/vvsadkov

PR contact:

Xyro Global Inc.

E-mail: [email protected]

Dubai, UAE

A photo accompanying this announcement is available at