We’re excited to announce that the latest Launchpad project, Aurigami (PLY), is now live.
Good news, Launchpad’s latest project, Aurigami (PLY), is now live!
What is Aurigami (PLY)?
- Token: PLY
- Public Offer Price: 1 PLY = $0.005 (The exchange rate of BIT to PLY will be determined at the start of the subscription period.)
- Total issuance: 10,000,000,000 PLY
- Bybit Launchpad total distribution: 200,000,000 PLY (2% of total issuance)
PLY is the native token of Aurigami, the first money market in Aurora, an Ethereum scaling solution designed to create a one-stop solution for users of the Aurora ecosystem.
How Bybit’s Launchpad works
Participants can invest in BIT to subscribe for token distribution; or invest in USDT to win project token distribution. Please note that both events cannot be attended at the same time.
For the Subscription:
- Committed Token: BIT only
- Cap per Subscriber: 80,000 PLY
- Total Allocation: 160,000,000 PLY
For the Lottery:
- Committed Token: USDT only
- Allocation per Lottery Winner: 4,000 PLY
- Total No. of Winners: 10,000
- Total Allocation: 40,000,000 PLY
- Each lottery winner will receive an allocation of PLY. Non-winning participants will get their USDT committed back at the end of the event.
1. Asset snapshot period: April 30, 2022 12:00 am (UTC) to May 4, 2022 11:59 pm (UTC)
Plan to subscribe tokens: During this period, participants’ average daily balance of BIT must reach or exceed 50 BIT, and the specific balance determines the maximum amount of PLY distribution available.
Plan to participate in the lottery: During this period, participants must have an average daily USDT wallet balance of $100 or more.
During this period, the balance of invested tokens (BIT or USDT) in participants’ spot accounts, derivatives accounts, Launchpool and current wealth management (under wealth management accounts) will be automatically recorded through hourly snapshots. The average daily balance snapshot for the day will be updated at 3AM (UTC) the following day.
2. Subscription period: May 5, 2022 from 3:30 am to 10:59 am (UTC)
Option to subscribe: Participants must click the “Invest Now” button during this period to invest a certain amount of BIT. The minimum amount required is 50 BIT. Participants can subscribe multiple times.
Select the lucky draw: Participants must click the “Enter Now” button during this period and invest 100 USDT to get the lucky draw ticket. Each participant is limited to one raffle ticket.
A certain number of winning tickets will be issued for each draw. The probability of winning = the total number of winning tickets issued / the total number of people participating in this Launchpad project lottery * 100%
The invested BIT or USDT will be locked until the project token is finally distributed before it can be transferred, withdrawn or traded.
3. Distribution Period: May 5, 2022 11:00 am to 11:59 am (UTC)
Subscription participants: The final amount of PLY allocated = (the amount of BIT invested by individuals / the total amount of BIT invested by all participants) * the total amount of PLY allocated to the project.
According to the final PLY allocation result, the corresponding BIT equivalent amount will be deducted from the participant’s input amount, and the allocated PLY and remaining BIT will be deposited into the personal spot account.
Please note that the maximum amount of PLY a participant can earn is 80,000 PLY, and the amount above the limit will be distributed to participants who have not yet reached that limit.
Lucky draw participants: The 4,000 PLY won by the winning users and the balance of the USDT invested (80 USDT) will be returned to the personal spot account. If the prize is not won, the invested 100 USDT will be returned to the personal spot account.
4. Launch period
If the liquidity conditions are met, the spot trading pair PLY/USDT will be launched for trading at 12:00 noon (UTC) on May 5, 2022.
The stored value and withdrawal functions of PLY will be available from 10:00 am (UTC) on May 4, 2022 and 10:00 am (UTC) on May 6, 2022, respectively.
Trading to earn coins: During the period from 12:00 noon (UTC) on May 5th, 2022 to 11:59 pm (UTC) on May 11th, users whose accumulated trading volume on Bybit reaches or exceeds 20,000 PLY can equally divide the 2,400,000 PLY prize pool.
Terms and Conditions of the Launchpad
After completing the identity authentication L1 personal authentication or institutional authentication, you can participate in the activity. Users in restricted regions cannot participate in this event. Log in to your Bybit account and click here to complete the identity verification.
During the asset snapshot period, the BIT or USDT balance of personal spot accounts, derivatives accounts and wealth management accounts will be included in the calculation. Please note that only BIT or USDT pledged in Launchpool and current wealth management will be automatically included in the snapshot of the personal wealth management account. BIT or USDT pledged in other Bybit wealth management products such as dual currency investment will not be counted.
During the subscription period, if you want to invest the BIT or USDT held in the wealth management account or derivatives account, please manually transfer the BIT or USDT to the spot account. If you want to invest the BIT or USDT pledged in Launchpool and current wealth management, please go to the “Wealth Management Order” under “Orders and Transactions” to withdraw money, and manually transfer it to your personal spot account.
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...