CyBall 101: Earning and Cashing Out
4 - 5 minutes
Learn about the different ways to earn in the game and convert those earnings into cash.
Things to read before diving into this course:
At the end of this article, you will be able to answer the following questions:
How do I earn in CyBall?
How do I cash out?
How do I earn in CyBall?#Copy URL to this article section
CyBall Tokens #Copy URL to this article section
CyBall is a two-token game economy. These tokens are the CyBall Token ($CYB) and the CyBloc Battery Token ($CBT)
$CYB is CyBall’s governance token, and it is earned through competing and winning in CyBall tournaments, staking and special rewards to people who help the ecosystem.
$CBT is CyBall’s utility token and the primary play-and-earn reward. It is earned by CyBlocs after winning games, and it is also used for mentoring new CyBlocs.
In CyBall, you get to earn the token $CBT by winning matches or earn passively by renting out your assets.
Winning Matches#Copy URL to this article section
CyBlocs only earn $CBT by winning in CyBall matches.
Renting out your assets#Copy URL to this article section
CyBall also has a built-in rental system for people who want to earn passively. You can rent out your CyBlocs to people willing to play them.
A. Renting out CyBlocs to the public
Go to https://app.cyball.com/#/profile?tab=cyloans to see your CyBlocs available to list on CyLoans.
In the Actions tab, choose whether to whitelist a CyBloc or to rent it in the Marketplace. You can also set the time period for the CyBlocs to be available to be rented and set the preferred profit sharing percentage. Afterwards, click “Lease”.
You can then check the CyBlocs you currently rented out in the Lease tab, together with the email address of the scholars/renters they’re currently with, and your CBT share as the owner.
B. Renting out CyBlocs assets to scholars
Collect the scholar’s CyBall-registered email addresses of the scholars first.
In the Marketplace, check your CyBlocs. You can then see the option to lease the CyBlocs you want to share. Put the email address of the scholar you want to rent the CyBlocs to.
Set the profit-sharing ratio that is agreeable to you.
All set! You need to just wait for scholars to rent your CyBlocs.
Renting out CyBlocs assets
How do I cash out?#Copy URL to this article section
Now that you have earned a lot from playing the game, you can convert your earnings in a few easy steps! You will need a DEX and a CEX. In this tutorial, we will use PancakeSwap and Binance.
Claim your $CBT Tokens.
Convert your $CBT Tokens to stablecoin (BUSD) through PancakeSwap.
Transfer your stablecoin to Binance
Convert your Stablecoin to Fiat currency through Binance.
Step 1 - Claim your $CBT Tokens#Copy URL to this article section
1. Go to https://app.cyball.com/#/profile?tab=reward. There, you can view your CBT (CyBall Battery Token) that is available for claiming.
Heading into your Cyball Profile
2. Request your reward.
Note: You can only request for your CBT every 7 days.
3. Wait for the Status to be set to “Ready Claim”.This can take up to 24 hours.
4. Once the CBT is ready to be claimed, you can get it. When clicking on the “Claim” button, you need to sign your wallet. Approve the transaction.
Note: You will need to prepare about .0015-.0025 BNB to cover the gas fees for claiming.
Step 2 - Convert your $CBT tokens to Stablecoin #Copy URL to this article section
This is recommended by the CyBall developers, but there are other ways to cash out, such as through other decentralized exchanges like Poocoin.
The following steps show cashing out through PancakeSwap:
1. To make sure you don’t fall for scams, here is the official $CBT token address:
0x7c73967dC8c804Ea028247f5A953052f0CD5Fd58
2. To start, head into this PancakeSwap link. This link will lead you to the CBT/BUSD (Binance USD) token pairing, which has the most liquidity. Click “I understand” and “Import”.
Importing $CBT Token
3. Input the amount of $CBT that you want to swap to BUSD. Upon clicking confirm, you’ll need to sign the transaction on your wallet.
Note: PancakeSwap needs $BNB for gas fees, so you’ll need to have it in order to cover gas fees.
Swapping CBT into BUSD
Step 3 - Transfer your BUSD to Binance#Copy URL to this article section
If you can't see your BUSD token on your MetaMask, click “Import Token” again, then “Add Custom Token”.
Note:
BUSD Contract Address: 0xe9e7cea3dedca5984780bafc599bd69add087d56
Transfer your BUSD token to your Binance account by clicking “Send”, then input your Binance BUSD Address. Select BUSD in Asset, and enter the amount you want to transfer. Click “Next” then click “Confirm”. You need $BNB to pay for the transaction fees.
Transferring your BUSD to Binance
Step 4 - Sell your stablecoin for cash through Binance#Copy URL to this article section
Now, you can sell your stablecoin in Binance using our step-by-step guide on how to cash out through Binance using your PC or mobile devices. The cash will be deposited by the buyer directly into your bank account.
Congratulations! You were able to convert your CyBall tokens into cash!