(Coming Soon) Bybit Launchpad: Up to 3,500 FREE BIT

This September, Bybit’s Launchpad makes its debut with a bountiful balancing act — and a listing of BIT, the native token of BitDAO. Make deposits into your Derivatives account for your share of the BIT giveaway pie.

Event starts at 00:00AM UTC on Sept. 22, 2021.

ICYMI — Bybit Launchpad is our token launch platform for groundbreaking blockchain projects. It gives you access to pre-listing rounds and allows you to earn tokens directly on Bybit.

3,500 FREE BIT!


Calculation Period: 00:00AM UTC on Sept. 22, 2021 to 11:59PM UTC on Sept. 26, 2021

Over this 5-day period, the daily average of the eligible coins inside your wallet balance (Spot Account and Derivatives Account) — calculated in USD terms — will be recorded through hourly snapshots. 

Simply put, the more eligible coins you have inside your Bybit account, the greater the BIT rewards receivable during the distribution period. 

Eligible Coin Types

XRPDOGE
BTCDOT
ETHEOS
BITLTC
USDTXLM

Excluded Coin Types

AAVEMANA
AXSMKR
CHZSUSHI
COMPUNI
DYDXYFI
LINK 

Example

Let’s assume that on Sept. 22, Bob signs up on Bybit and starts to make a deposit of $100-equivalent every hour. His Derivatives wallet balance snapshots will be recorded as follows:

00:00AM: $100
1:00AM: $200
2:00AM: $300
3:00AM: $400

11:00PM: $2,400

In this case, his average daily wallet balance on Sept. 22 would amount to $1,250 based on the following calculations: $1,250 = ($100 + $200 + $300 + $400 +…+ $2400) / 24

Your total average daily wallet balance during this period will determine the final amount of BIT you will receive. The higher the balance, the more BIT you can grab.

In addition, you will also receive one lottery ticket for every USD-equivalent in your 5-day average daily wallet balance. We will run a lottery during the distribution period to randomly select 400 unique winners for a prize of 2,500 FREE BIT each.

*The max. amount of BIT you can receive from token allocation is capped at 1,000. The token amount that exceeds the limit will be allocated to participants who haven’t reached this hard cap yet.



Registration Period: 10:00AM UTC on Sept. 27, 2021 – 8:59AM UTC on Sept. 28, 2021

You must click to join the event during the registration period. Once joined, you will be auto-enrolled in the lottery and the token allocation to earn up to 3,500 free BIT.



Distribution Period: 9:00AM UTC on Sept. 28, 2021 – 9:59AM UTC on Sept. 28, 2021

The total amount of BIT for this project is five million, out of which four million will be earmarked for the token allocation and one million will be allocated to the lottery.

The amount of BIT you will receive from token allocation = {your average daily wallet balance over the 5-day period / the total daily wallet balance of all participants over the 5-day period} * total amount of BIT for token allocation.

Let’s run a quick example.

• Bob’s 5-day average daily wallet balance: $20,000
• The total 5-day average daily wallet balance of all participants: $100,000,000

Bob will receive 800 BIT [(20,000/100,000,000) * 4,000,000] from token allocation.

But that’s not all. Bob will also get 20,000 tickets for the lottery. If he is lucky, an additional 2,500 BIT will be dropped* to his Spot Account for FREE!

*Please note that it takes approximately 30 minutes for us to deposit BIT to your Spot Account.



BIT Listing: 10:00AM UTC on Sept. 28, 2021

The new spot pair, BIT/USDT, will go live for trade if liquidity conditions are met. Buckle up and get ready to win BIT with us this September!



Terms & Conditions

1. You must complete the KYC L1 requirement to be eligible for the event. Users from restricted countries are not allowed to join the event.

2. Your average daily wallet balance from 00:00AM UTC on Sept. 22, 2021 to 11:59PM UTC on Sept. 26, 2021 must be equal to or greater than 100 USD, and will be rounded up to the nearest integer.

3. Subaccounts are not eligible for the event. Your wallet balance under Subaccounts will be counted towards the Main Account.

4. All participating users must strictly abide by the Bybit Terms of Service.

5. Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent or harmful purposes.

6. Bybit reserves the right to modify the terms of this event without notifying users in advance.

7. Bybit reserves the right of final interpretation of this event. If you have any questions, please contact customer service.


Disclaimer: The content contained does not constitute an offer or sale of securities in or into the United States, or to or for the account or benefit of U.S. persons, or in any other jurisdictions where it is unlawful to do so. Transfer of BIT tokens may be subject to legal restrictions under applicable laws. Under no circumstances shall BIT tokens be reoffered, resold or transferred within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended. Any public offering of the BIT tokens to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling token holder and that will contain detailed information about the company and management, as well as financial statements.