Land of Conquest (SLG) on Bybit Launchpad

Bybit Launchpad brand new project – strategy game Land of Conquest Gems (SLG) is now live.

Land of Conquest Gems (SLG)

  • Token: SLG
  • Price: 1 SLG = 0.03 USD (the exchange rate between BIT and SLG will be determined at the beginning of the subscription period)
  • Total issuance: 1,000,000,000 SLG
  • Total distribution of Bybit Launchpad: 10,000,000 SLG (1% of total issuance)

SLG is the governance and utility token for the P2E online battle strategy game Land of Conquest Gems.

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.

Go to Bybit’s Official Website

Subscribe:
  • Staking tokens: BIT only
  • Maximum subscription per person: 13,000 SLG
  • Total allocation: 7,000,000 SLG
Lottery:
  • Staking tokens: USDT only
  • Allotment per winning user: 300 SLG
  • Total winners: 10,000
  • Total allocation: 3,000,000 SLG

Each winning user will receive an SLG allocation. If the participant fails to win the prize, the USDT invested will be returned to the account at the end of the event.

Open Bybit’s Crypto Account

1. Asset snapshot period: July 14, 2022 0:00 to July 18, 23:59 (UTC)

If you choose to subscribe for token distribution: During this period, your average daily balance of BIT cannot be lower than 50 BIT, and the specific balance will determine the maximum amount of SLG distribution available.

If you choose to participate in the lucky draw: During this period, your average daily USDT asset balance cannot be less than 100 USDT.

During this period, the balance of your spot account, wealth management account and derivatives account will be recorded through hourly snapshots. The balance in the wealth management account and the USDT and BIT pledged in the Launchpool and Bybit savings will be included in the calculation at the time of the snapshot. USDT or BIT pledged in other Bybit wealth management products such as dual currency investment will not be counted. The daily average balance snapshot for the day will be updated at 3:00 (UTC) the next day.

Go to Bybit’s Official Website

2. Subscription period: July 19, 2022 from 3:30 am to 10:59 am (UTC)

Choose to subscribe: You must click “Invest Now” during the subscription period and invest a certain amount of BIT. The minimum investment amount is 50 BIT. You can subscribe multiple times.

Select the lucky draw: You must click “Invest Now” and invest 100 USDT during the subscription period 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. Probability of winning = total number of winning tickets / total number of participants in the Launchpad project * 100%

Before the final distribution of project tokens, the BIT or USDT you have invested will be locked, and no transfer, withdrawal or trading operations are allowed.

Open Bybit’s Account

3. Distribution period: July 19, 2022 11:00 am to 11:59 am (UTC)

Subscribing participants: The final SLG allocation amount = (the amount of BIT invested by individuals / the total amount of BIT invested by all participants) * the total amount of SLG allocated to the project.

According to the final SLG allocation result, the corresponding BIT equivalent amount will be deducted from the participant’s investment amount, and the allocated SLG and remaining BIT will be deposited into the personal spot account.

Note that users can earn up to 13,000 SLG. The portion over the limit will be distributed to participants who have not yet reached the limit.

Sweepstakes participants: The winner will receive 300 SLG, and the remaining USDT invested will be re-deposited into the personal spot account. If you do not win the prize, the 100 USDT that has been invested will be re-deposited into your personal spot account.

Go to Bybit’s Official Website

4. Launch period

If liquidity conditions are met, the new spot trading pair SLG/USDT will be launched on July 19, 2022 at 12:00 noon (UTC).

The platform will launch SLG’s stored value and withdrawal functions at 10:00 am (UTC) on July 18, 2022 and 10:00 am (UTC) on July 20, 2022, respectively.

Buy and Earn: From 12:00 noon on July 19, 2022 to 12:00 noon on July 26 (UTC), the top 500 users who purchase at least 2,000 SLG on Bybit can share the 150,000 SLG prize pool.

Completion of Level 1 KYC identity verification or corporate verification is eligible to participate in the event. Users in restricted regions cannot participate in this event. Log in to your Bybit account and click here to complete identity verification.

The asset snapshot period will be credited to the BIT or USDT balance in your spot account, derivatives account and wealth management account. Please note that only BIT or USDT staked in Launchpool and Bybit savings will be automatically credited to the Personal Finance Account Snapshot. BIT or USDT pledged in other Bybit wealth management products such as dual currency assets 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 then manually transfer it to your personal spot account.

Go to Bybit’s Official Website