What is Symbol (XYM)?

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)?

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.

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

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.

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

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.

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).

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.

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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