Bybit Launchpad 2.0. Greater Choice and More Fun to Acquire New Tokens.
Bybit is proud to announce that LaunchPad 2.0 is now available! With the site revision and new project token distribution lottery mode launched, Bybit Launchpad unlocks more ways for you to win new tokens, bringing you more fun!
- If you do not want to use BIT to subscribe and get token distribution, you can choose the lottery mode to try your luck with USDT to win new project token distribution.
- You can directly purchase premium tokens previously listed through LaunchPad, or view upcoming projects in LaunchPad 2.0.
From April 19th, 2022 at 10:00AM (UTC) to April 26th, 2022 at 11:59PM (UTC), join Bybit’s celebration and share the 50,000 BIT prize pool!
- Participate in the quiz and share the 42,500 BIT prize pool.
- Share Bybit’s tweets for a chance to share 6,000 BIT.
- Participate in Bybit’s random AMA on Telegram and share 1,500 BITs.
How to Participate in Launchpad 2.0 Events?
The first step is to choose BIT subscription or USDT lottery distribution mode
You can invest in BIT for subscription and get token distribution, or you can invest in USDT to win project token distribution rights.
You cannot participate in both activities at the same time.
Step 2 Five (5) Day Asset Snapshot Period
Tokens invested through BIT subscription and USDT lottery will be subject to a five (5) day average daily balance snapshot.
Average Daily Balance = Daily sum of hourly snapshots of your BIT or USDT balance / 24
Hourly snapshots automatically record the BIT or USDT balance in your spot account, contract account, Launchpool and current wealth management (under wealth management account). Your daily average balance snapshot for the day will be updated at 3AM (UTC) the next day.
If you choose Sweepstakes: During the snapshot period, your average daily balance in USDT must be $100 or more.
If you choose BIT subscription: During the snapshot period, your average daily balance of BIT must reach or exceed 50 BIT, and will determine the upper limit of the number of project tokens you can get distributed.Tokens invested through BIT subscription and USDT lottery will be subject to a five (5) day average daily balance snapshot.
Average Daily Balance = Daily sum of hourly snapshots of your BIT or USDT balance / 24
Hourly snapshots automatically record the BIT or USDT balance in your spot account, contract account, Launchpool and current wealth management (under wealth management account). Your daily average balance snapshot for the day will be updated at 3AM (UTC) the next day.
If you choose Sweepstakes: During the snapshot period, your average daily balance in USDT must be $100 or more.
If you choose BIT subscription: During the snapshot period, your average daily balance of BIT must reach or exceed 50 BIT, and will determine the upper limit of the number of project tokens you can get distributed.
Step 3 Subscription Period
Click “Invest Now” to invest BIT or USDT.
If you choose the draw: you must invest 100 USDT to get a draw ticket. Each participant can only get one raffle ticket by subscription.
A certain number of winning tickets will be issued each time a draw is drawn.
Probability of winning = total number of winning tickets issued/total number of participants in Launchpad lucky draw*100% Each winner will receive a distribution of project tokens.
At the end of the event, the obtained project tokens and remaining USDT (if any) will be distributed to each winner’s spot account.
Participants who do not win the prize will get back 100 USDT.
For example, assuming that each winner gets 80 new tokens and the project token price is 1 USDT, the total price of the 80 new tokens is 80 USDT.
At the end of the event, each winner will receive 80 new tokens and return the remaining 20 USDT.
If you choose to subscribe: the minimum investment is 50 BIT, and the maximum investment amount is determined by the daily average balance recorded during the snapshot period.
There may be a cap on the distribution of project tokens, and your subscription amount must not exceed the limit. You can subscribe multiple times.
The platform will lock your invested BIT or USDT, and cannot transfer, withdraw or trade before the final issuance of project tokens.
Step 4 Distribution Period
According to the result of your token distribution, BIT or USDT will be deducted from your invested amount, and the allocated project tokens and remaining BIT or USDT will be released to your spot account.
Lottery ticket holders: If you win the lottery, you will receive project token distribution, and the remaining USDT invested (if any) will be returned to your spot account. If you don’t win, your invested 100 USDT will be returned to your spot account.
Token allocation subscribers: According to the allocation result, the corresponding BIT equivalent amount will be deducted from the amount you invested, and the project tokens and remaining BIT you allocated will be issued to your spot account.
Step 5 Release Period
The new project tokens will be traded on the Bybit spot trading platform.
Please check Bybit official website or contact the customer support with regard to the latest information and more accurate details.
Bybit official website is here.
Please click "Introduction of Bybit", if you want to know the details and the company information of Bybit.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...