Complete Guide On Bybit Launchpad [Sep 22 — Sep 26]

Bybit, a popular cryptocurrency exchange, recently launched BitDAO with investment from Peter Thiel, Founders Fund, Pantera, Dragonfly and Spartan. The native token of BitDAO, $BIT, have finished their IDO and will soon trade on Bybit.

Bybit is now launching a series of event to celebrate the launch of their $BIT token. The first event is Bybit Launchpad where they will be giving out 5,000,000 $BIT (~$7,500,000) as total rewards.

Details:

In general, you will receive more $BIT for free if you have more assets on Bybit during the calculation period.

Calculation Period: 00:00AM UTC Sep 22 to 11:59PM UTC on Sep 26

1. Over the calculation period, the daily average of your total wallet balance — calculated in USD terms — will be recorded through hourly snapshots.

2. 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 — capped at 1,000 $BIT (~$150) per individual.

3. In addition, you will also receive one lottery ticket for every USD-equivalent in your 5-day average daily wallet balance. A lottery will be run during the distribution period to randomly select 400 unique winners for a prize of 2,500 $BIT (~$375) each.

Follow the steps below to participate in the event.

First create an account on Bybit.

You will need to upgrade your KYC to at least level 1.

Deposit assets to Bybit before Sep 22 and hold it till Sep 26. (Your wallet balance must be equal to or greater than 100 USD to be eligible for the airdrop.)

Finally, you need to come back to register for the event in the registration period. [Your average wallet balance is already recorded at this time.]

Registration period: 10:00AM UTC Sep 27 to 8:59AM UTC Sept 28.

The $BIT tokens will be distributed after the registration period.

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