Today’s market pullback pushed the price of Bitcoin to $20,000, Ethereum to $1,000
New BTC and ETH price levels represent the coins’ respective 18-month lows
Prominent crypto investors say the negative price movement could continue in the short term
The crypto market selloff continues – BTC tests support at $20,000, ETH at $1,000
Yesterday’s cryptocurrency market bounce back was unfortunately short-lived as today a new bout of bearish activity sent the prices of digital assets deeper into a red zone. The roughly 10% drops in the value of Bitcoin and Ethereum come at a time when exchange inflows reached the highest levels since 2018, signaling that crypto investors are liquidating their holdings at an expedited pace.
BTC exchange inflows in the past week. Image source: CryptoQuant
In response, cryptocurrency exchanges have begun moving huge amounts of BTC to their hot wallets to provide the necessary liquidity for an ever-growing sell-side pressure. CryptoQuant data shows that BTC inflows across the top 10 crypto exchanges surpassed the 120,000 BTC mark on Tuesday. Coincidentally, this was the largest influx of BTC recorded since late 2018, when Bitcoin hit its multi-year low of just above $3,000.
More downward price movements on the horizon?
Although Bitcoin is trading at its lowest point since December 2020 and Ethereum at the lowest price since January 2021, we could see prices drop even lower in the short term. According to the crypto investor and Galaxy Digital CEO Mike Novogratz, the Terra collapse and Celsius crisis are primarily to blame for the notably bearish market activity in the past month. Novogratz told CNBC:
“We’ve gone to the level that should be close to a bottom. $21,000 bitcoin $1,000 ethereum. There’s been a tremendous amount of capitulation and fear. Usually not a good area to sell, but it doesn’t mean we can’t go lower. I think the macro environment is still pretty challenging out there.”
Co-founder and former BitMEX CEO Arthus Hayes holds a similar view as Novogratz. Hayes said that should $20K BTC and $1K ETH levels break, “we can expect massive sell pressure in the spot markets.”
With the market sentiment being notably negative and the Fear & Greed index showing extreme fear levels, it is safe to assume that it will take some time before the bulls retake the upper hand. For more information about a potential trend reversal, you can follow live Bitcoin price predictions and price forecasts of other digital assets listed on CoinCheckup in each coin’s respective Predictions tab.
The digital asset and capital reserve designed to meet and solve the problems of the potential market for small and medium-sized enterprises (SMEs) is to list on ProBit Global.
The dobuy (DBY) token targets a potential $1 trillion opportunity across a market represented by roughly 10 million SMEs as they more actively participate in international markets using the dobuy platform.
The dobuy infrastructure will integrate with current systems, collaborate with the financial regulatory sector, and innovate as a technology provider as it builds a commercial ecosystem of products, goods, and services to support the deployment and acceptance of DBY as a global utility token.
The platform, which is fully auditable at all times by users and partners, will enable lower transaction costs, registration, and faster settlement time to support businesses with micro payments, helping businesses manage cash flow – as well as facilitating transparent financial aid and donations.
DBY’s success in demonstrating real use cases can potentially increase its market value as it is used for the transfer of resources including remittances, making payments, acquiring products and services, investments, and other businesses like implementing sports marketing strategies. The token allows forB2B, P2P, and B2C transactions to fulfill all the requirements of an increasingly globalized economy with a base price set in U.S. dollars.
ABOUT DBY
DBY is a usability token based on the BEP-20 technology. It runs on the dobuyLEDGER public ledger which records and securely audits transactions on the platform. DBY is used in real payment transactions and financial operations between partners and platform users.
ABOUT PROBIT GLOBAL
ProBit Global is a Top 20 crypto exchange worldwide servicing crypto enthusiasts with unlimited access to trade and buy Bitcoin, Ethereum, and 800+ altcoins in 1000+ markets.
PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS
200,000+ community members
1,000,000+ monthly active users
3,000,000 monthly web visitors
50,000,000 users on partnering aggregators and wallets
The user interface of the multilingual website supports 46 different languages
Marketing and community support in 11 key languages
Crypto is possibly the best hedge against inflation
With reports across the globe coming out of high inflation, interest rates are set to rise accordingly to combat this and there has been a mass exodus across the stock and crypto markets as a reaction. While the sea of red is daunting, this economic downturn should be seen as an opportunity to purchase crypto at a discount, with certain types of crypto being better hedges against inflation for both retail and institutional investors.
One of the reasons so many are so bullish on crypto as a hedge is because many cryptocurrencies have a fixed supply. This means that the supply of ‘money’ in an ecosystem cannot be manipulated; contrarily, fiat money is inherently a depreciating asset as the supply can be and is manipulated by central governments. A fixed supply enables appreciation of one’s asset due to the laws of scarcity, therefore crypto is in theory a far superior asset to own compared to the US Dollar, British Pound, Euro, or any fiat currency that increases total supply and enlists quantitative easing.
In recent times we have seen the adoption of fixed supply assets such as Bitcoin (BTC) by countries and major cities, most notably El Salvador and Miami as they believe that they offer an opportunity to protect their financial sovereignty through an asset that’s vastly undervalued and anti-inflationary. While Bitcoin is the choice for many institutions, largely due to a lower market variance, retail users who have higher risk tolerances are seeking other fixed supply cryptocurrencies to hedge against inflation and protect their financial freedom.
The Unicorn project set for institutional and retail adoption
While some cryptos tend to lean more towards institutional adoption and others toward retail, there are very few projects that have the potential to realise both, and those that do are the tokens we see towards the top of the market cap charts.
Enter CashFi (CFI). CashFi is a project, currently in Presale, that looks to bridge the gap between retail and institutional adoption across multiple domains, as well as prioritising user sovereignty. The Proof of Stake, ERC-20 coin has recently laid out the product suite and services on offer through its whitepaper and commissioned a robust independent audit to validate the security.
CashFiis looking to create an ecosystem where they change the game across liquid staking, NFT marketplaces, and commodity trading through synthetic assets or CFI Synths. The versatility across both retail and institutional use is one of the main reasons why many investors are keeping tabs on CashFi and getting excited about the protocol as it enters Presale.
Liquid Staking
One feature that many crypto enthusiasts have been calling for is liquid staking. Liquid staking in essence allows you to maintain the freedom of moving your assets around while still helping validate the network through the staking process. CashFi will do this through the use of a derivative token which is pegged at a 1:1 ratio and will be distributed as an ERC-20 equivalent in the form of a synthetic asset. This token will be free to use and trade across networks, benefiting both users, by not encompassing the problem with regular staking in not having access to your funds, and the protocol, through network validations. Many believe that liquid staking is the way that all proof of stake currencies will embark on in the years to come and CashFi has an opportunity to lead the way.
NFT Marketplace
NFT marketplaces are not new to the crypto ecosystem, but what CashFi is looking to do is uniquely empowering for developers and users alike. CashFi will enable unparalleled levels of operability for developers to tailor their NFT marketplace exactly how they envision it. Moreover, CashFi will allow for specific artist-specific marketplaces to exist and incorporate this across asset classes and networks.
The marketplace really does look like one of the best potential features that CashFi will develop and we expect many developers and projects to build using this service.
Integrating commodity trading into DeFi
Lastly, the planned commodity product suite on CashFi is set to revolutionise institutional use cases and adoption. Currently, the auditing process of commodity trading can be somewhat tricky, and liquidity problems can occur due to bottlenecks and supply chain issues. CFI Synths will help alleviate many of the auditing problems that can occur through safe storage of trading information on the blockchain, but also allow instant access to liquidity upon verification.
Retail users will also be able to benefit from the product suite and democratise the market due to lowering the barriers to entry. CashFi really can be the unicorn that bridges both retail and institutional users on one platform and looks set to be a strong investment option, particularly as a hedge against inflation.
ThunderCore is proud to announce that we are now supported by Multichain, the leading Web3 cross-chain router protocol. With this development, it will become easier than ever to move digital assets in and out of our blockchain. We are thrilled to add them to our growing list of partners and collaborators who help to expand our booming ThunderCore ecosystem. With each new cooperation, our blockchain becomes stronger than before.
Multichain: Leader of the cross-chain pack
Multichain, formerly known as Anyswap, has undergone various iterations since its launch in July 2020. It has a quest to be the perfect router for the decentralized Web3 world, building an infrastructure that makes it ideal for cross-chain connections. Since each and every chain has its own specializations, it’s essential that services exist to act as go-betweens for these unique projects that are springing up all over. Multichain prides itself on providing these cross-chain services rapidly, securely, and inexpensively, which are Web3 values shared by ThunderCore.
The Multichain protocol is currently the clear leader in the cross-chain world, with near total interoperability on the horizon and essentially no limits on the kind of integrations it is capable of building. Whether it’s with layer-1 chains like Ethereum, or to layer-2s like Polygon, or parachain networks as in the case of Moonbeam – all of these and more are possible.
Just about every chain of significance to the crypto community has either already been integrated or is in the process of being onboarded right now. At the moment, Multichain can boast over 48 integrations, a daily transaction volume of over $100 million, and Total Value Locked (TVL) of around $4 billion. Meanwhile, tens of thousands of people are logging in every day to take advantage of what Multichain has to offer as a trusted transfer route to various ecosystems in Web3.
Multichain strengthens ThunderCore’s ecosystem
ThunderCore is fortunate to be able to join itself to this extraordinary connector of blockchains, and best of all, we are only just getting started in our cooperation, with much deeper integrations to come. Together with Multichain, we seek to build out the foundations for a Web3 that is completely interoperable. At the same time, by plugging ourselves into this new decentralized information highway, we are gaining a huge boost to the utilization of our own ecosystem, as it will become more and more convenient and desirable to both users and developers looking to call ThunderCore their home.
Our ultimate goal is to make ThunderCore accessible to each and every unique blockchain that is setting out to tackle whatever problem with its own ingenious Web3 solution. With the support of Multichain, we come one step closer to that vision. From now on, it will be easier for our users to bridge tokens in and out, while we are also reducing the barriers to cooperation between different DApps on various chains.
Getting things started with DAI, AVAX, and APE
For our initial partnership, we’ve settled on 3 established coins to welcome into ThunderCore. With these leading tokens, we are establishing a bridge that many other tokens will cross in the future:
DAI
AVAX
APE
Holders of these three tokens will be able to bridge them in and out of ThunderCore, where they can reside in the security of any user’s TT Wallet.
By embarking on this collaboration with Multichain, we are making token transfers easier for our users and passionate developers who wish to port their DApps over to ThunderCore. By aligning itself with blockchain’s industry leaders, ThunderCore is making its mark and establishing itself as one of the players to be watched in the years to come. Stay tuned!
About Multichain
On July 20th, 2020, Multichain was born as Anyswap to address the clear need for distinct and diverse blockchains to communicate with one another. Multichain improves interoperability across different networks and actualizes smooth asset and value transfers as a cross-chain architecture. Multichain is the leader in the cross-chain sector, with a constantly growing family of non-EVM and EVM chains. Its daily volume is over $100 million, its Total Value Locked is over $4 billion, and tens of thousands of daily users attest to its popularity and security.
About ThunderCore
ThunderCore is a highly secure, high-performance, EVM-compatible public blockchain with its own native currency, TT. Founded in 2017 in Silicon Valley by Chris Wang and a stellar team of researchers and engineers, the ThunderCore network boasts a breakthrough consensus protocol called “PaLa” that overcomes the scalability “trilemma.” It offers 4,000+ transactions per second (TPS), 1-second confirmation times, and low gas fees that cost less than a fraction of a cent, giving decentralized applications unparalleled security and scalability.
Currently, ThunderCore has an international user base that spans across more than 190 countries. Learn more about the latest developments at ThunderCore by visiting their website here.
Spritz Finance, a Web3 personal finance platform for decentralized finance (DeFi) users to easily pay their bills with crypto, announced today that the company’s closed beta for its bill pay product is now available to all Polygon Network users, beginning in the United States.
Polygon’s ecosystem creates opportunities for Spritz customers to earn more on-chain and generate passive income streams through DeFi, play-to-earn games, NFTs, and their metaverse assets, all of which will soon be connected through Spritz to pay off monthly expenses, such as mortgage and rent, utilities, credit cards, student loans or even a Netflix subscription.
Chris Sheehan, who founded Spritz and serves as the company’s CEO, said the integration with Polygon was a great fit for Spritz.
“The future of work is on-chain,” he said. “People everywhere are increasingly viewing blockchain as a place to save, invest, and earn income–whether through yield farming, P2E games, or NFTs. The missing link for these folks is a way to use their on-chain earnings to fund their real-life expenses. Spritz is the first web3 native bill pay service, and we’re so proud to be launching on Polygon.”
By launching on Polygon, Spritz will be able to program payments from any Polygon smart contract directly to any US bill pay account, including banks, credit card companies, and utilities providers, both nationally and regionally.
Sandeep Nailwal, who co-founded Polygon, said Spritz is providing more options for Polygon users to embrace DeFi.
“I’m so excited to be backing Spritz and be a part of bringing personal finance into the Web3 era,” he said. “Mass adoption of crypto is our core mission at Polygon, so by enabling anyone who’s generating income streams through DeFi, P2E games, NFTs, and the Metaverse, Spritz is a perfect fit for our ecosystem.”
As part of its launch, and in addition to making crypto bill payments simple and secure, Spritz users can manage and grow their DeFi yields on popular Polygon apps, such as Aave, Sushiswap, and Quickswap, without needing to unwind positions. This can include growing their stablecoin yield farms and making payments in USDC, or even tapping into other assets held in their Polygon wallets, such as MATIC or LINK.
Crypto holders and DeFi users on Polygon with US bill pay accounts are encouraged to join the Spritz waitlist by visiting spritz.finance, where they can request private beta access and join the Spritz beta community.
About Spritz Finance
Spritz Finance enables bill-pay directly from DeFi protocols — with no bank required — on a path to eventually connecting every smart contract and every traditional use-of-funds in the entire world: from mortgage payments and credit cards to monthly utility bills. Through the company’s first product, customers can schedule their bill payments from their crypto wallets and favorite DeFi protocols without ever needing to unwind their positions or offramp through a bank. The company is currently in closed beta with a waitlist, which can be joined from the Spritz website. https://spritz.finance
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
Huobi Global has launched Ivy Blocks, an investment unit with more than $1 billion in assets under management
Ivy Blocks will pursue investments in promising DeFi and Web3 projects
With Ivy Blocks, Huobi is entering the space dominated by Binance Labs, Coinbase Ventures, and FTX Ventures
Huobi Global to pursue crypto-related investments despite poor market conditions
The Huobi Global cryptocurrency exchange has launched Ivy Blocks, an ecosystem investment arm focused on DeFi and Web3 projects. According to the press release, Ivy Blocks will invest in “promising blockchain projects” with the intent of identifying growth opportunities. The unit has launched with more than $1 billion in crypto assets under management (AUM).
The Ivy Blocks investment arm consists of three core services, including Liquidity Investment Department, Ivy Labs, and Ivy Research. Ivy Blocks’ three branches will be tasked with incubating startup projects, managing mining and income aggregation, and educational initiatives. Huobi will reportedly back promising projects with marketing, technical, and token listing assistance.
Huobi CFO Lily Zhang commented on the launch of Ivy Blocks in a statement:
“Many promising projects tend to encounter liquidity constraints and a lack of go-to-market support, which present significant barriers to growth. Our focus on providing such projects with liquidity investments and incubation services will no doubt contribute towards creating a better, more inclusive DeFi and web 3.0 blockchain ecosystem.”
Among the first batch of projects to receive backing via Ivy Blocks will be Capricorn Finance, a popular decentralized exchange built on Cube.
The launch of Ivy Blocks pits Huobi Global against investment arms of other major centralized exchanges, including Binance Labs, Coinbase Ventures, and FTX Ventures.
New York, United States, 14th June, 2022, Chainwire
Crypto scams and corruption have persisted for years, affecting many in their wake.
Crypto Leaks launched to defend honest crypto communities by exposing big money corruption, attacks and scams. The project’s first two cases uncover the events behind the mysterious price movement and attack on ICP token investors. An instrument called ICP-PERP issued on FTX manipulated the price before launch. Shortly after, the New York Times published an article citing Arkham Intelligence, a bogus organization created for one purpose: to distort the project. The result: Multi-billion losses for crypto holders. The next case is about to come out.
Terra Luna has sent a shock wave through the crypto industry, giving speculation about market manipulation a fresh impetus. Speculations often remain speculative because of a lack of evidence. Crypto Leaks aims to change this.
Corrupt behavior and market manipulation are not uncommon in the crypto space, and occur behind closed doors. Many powerful and unethical people have been attracted to the crypto industry by the chance to make fast money. They present themselves as being interested in the technology and social impact. It is difficult for outsiders to get a clear and transparent picture. Insiders get to set which tokens other investors think will be hot next, after taking their own positions beforehand.
About Crypto Leaks
Crypto Leaks aim to help crypto investors, by revealing wrongdoing, and showing people how corruption, and subtle behind-the-scenes manipulations, should make you think twice about everything you read and hear. Visit crypto leaks.info – read, share, learn, contribute. As diehard blockchain enthusiasts, we will contribute to the task of nudging our industry towards a brighter, more honest future
Bybit has announced Walken (WLKN) as the latest Launchpad project
A total of 20 million WLKN tokens will be distributed in the IEO at an initial token sale price of 0.0165 USDT
Walken is a Solana-based NFT game using the innovative Move-to-Earn gameplay mechanism
Bybit users can participate in the Walken Launchpad with their BIT and USDT
The Bybit cryptocurrency exchange has announced Walken (WLKN) as the latest project on its Launchpad platform, a popular initial coin offering (IEO) service that lets crypto investors pursue early investment opportunities in promising new blockchain projects.
Walken is a Move-to-Earn NFT-powered game built on Solana (SOL). Walken is designed to leverage the power of unique digital collectibles and blockchain technology to incentivize users to lead a healthier lifestyle. Much in the same fashion as another popular Move-to-Earn platform STEPN (GMT), Walken makes working out fun via a gamified approach using in-game leaderboards and challenges. In addition, players can earn WLKN tokens by playing the game, which can be used to buy and sell unique accessories, staking, and governance purposes.
Each Walken player controls a CAThlete NFT character, which can be accessorized and have its stats upgraded using gems and WLKN tokens. Characters can be pitted against each other in competitive community events, including Urban Running, Sprint Running, and Marathon Race. Each competition requires special attributes, ensuring long-term gameplay variety and rewards for different approaches.
Bybit users can participate in the Walken Launchpad with their BitDAO (BIT) and Tether (USDT) holdings. Those who commit BIT will receive WLKN tokens based on the amount of BIT they have committed during the subscription period. Users committing USDT, on the other hand, will be enrolled in a lottery draw that will grant winners a chance to win a 750 WLKN allocation. Each lottery ticket costs 100 USDT.
In total, 20 million WLKN tokens will be distributed in the Launchpad at an initial token sale price of $0.0165. 70% of the entire token allocation is reserved for BIT participants and the remaining 30% for USDT users. The WLKN token will be listed on Bybit’s Spot trading platform on June 21, at 12:00 UTC, if liquidity conditions are met.
Historically, Bybit Launchpad projects have performed very well following their IEO debut. Here’s an overview of the most successful projects that went live via Bybit Launchpad and their current yields compared to their initial token sale price.
Walken (WLKN) is the latest cryptocurrency project featured on Bybit Launchpad, a platform that allows verified Bybit users to participate in the initial exchange offering (IEO) of promising blockchain projects. Out of the total WLKN supply of 2 billion tokens, 20 million WLKN tokens will be distributed in the Launchpad program, at an initial token sale price of 0.0165 USDT. Bybit will distribute 14 million WLKN to users subscribing with BitDAO (BIT) and 6 million WLKN to users participating in the lottery draw with their Tether (USDT).
Walken is a GameFi project built on the Solana (SOL) blockchain that features NFT-powered in-game characters called CATheletes and unique Move-to-Earn monetization mechanics. The app’s native token WLKN can be used to upgrade, buy, and sell NFT characters, and to participate in the platform’s governance.
Walken is the third project to be featured on the revamped version of Bybit’s Launchpad platform. Whereas previously, verified Bybit users were able to participate in IEOs only with their BIT holdings, they can now participate using their USDT as well. However, using USDT doesn’t grant direct access to WLKN tokens. Instead, USDT participants will be randomly selected in a lottery draw, which will award 8,000 separate allocations, each worth 750 WLKN.
Here’s an overview of important dates pertaining to the Walken IEO:
Start
End
Snapshot Period
June 16 (00:00 UTC)
June 20 (23:59 UTC)
Subscription Period
June 21 (03:30 UTC)
June 21 (10:59 UTC)
Distribution Period
June 21 (11:00 UTC)
June 21 (11:59 UTC)
Launch Period
June 21 (12:00 UTC)
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How to invest in the Walken (WLKN) IEO on Bybit Launchpad?
In this guide, we will show you how to participate in the Walken Launchpad program. Keep in mind that only users who have completed the necessary KYC steps and hold BIT or USDT in their accounts are eligible to participate.
1. Create an account on Bybit and verify your account
In order to participate in the WLKN IEO, you will first need to create an account on Bybit. You can skip this step if you are already a registered Bybit user.
Once the account registration process is successfully completed, you can proceed to the account verification procedure. Bybit offers two verification tiers, which primarily differ in the amount of daily Bitcoin withdrawals. It is worth noting that both KYC levels unlock access to Launchpad functionality.
Once you’ve supplied the required personal information and completed the KYC process, you can proceed to the Launchpad section, which can be found by navigating to the bottom of the “More” drop-down menu on the Bybit homepage.
2. Select Walken from the list of Launchpad projects
Locate Walken from the list of ongoing and finished Launchpad projects. The most recent and typically the only active project is listed at the top of the list.
3. Walken IEO requirements and token distribution
As mentioned before, Bybit users get a chance to take part in public sales by committing an amount of BIT or USDT that will be used to buy new tokens as soon as they are first available on the exchange. The amount of new tokens a user receives in the sale is directly proportional to the amount of BIT committed. You will need at least an average of 50 BIT or 100 USDT in your Spot, ByFi, or Derivatives account during the 5-day snapshot period, to be eligible for the public sale.
In order to give each user a fair chance at obtaining WLKN, Bybit has set a hard cap of 20,000 WLKN for users committing BIT. Moreover, each USDT lottery winner will receive a 750 WLKN allocation. Users that won’t be selected in the lottery draw will receive the full amount of USDT committed back once the program ends.
Do note that participation in the Walken public sale is restricted to residents of the following jurisdictions: the United States, mainland China, Singapore, Quebec (Canada), North Korea, Cuba, Iran, Crimea, Sevastopol, Sudan, and Syria.
4. Walken IEO Timeline
The Walken IEO will follow a strict Launchpad schedule; below, you will find a complete overview of the important dates you will have to keep in mind, as explained by Bybit:
June 16 (00:00 UTC) to June 20 (23:59 UTC) – Snapshot Period: The average daily amount of BIT in your Spot Account, ByFi Account, and Derivatives Account during the snapshot period must be equal to or greater than 50 in order to participate in the token sale. Likewise, the daily average to participate in the lottery draw must be equal to or greater than 100 USDT.
June 21 (03:30 UTC) to June 21 (10:59 UTC) – Subscription Period: You can commit a certain number of BIT or USDT in your Spot Account towards the new project. The number of BIT or USDT you’ve committed will be locked until the public sale ends.
June 21 (11:00 UTC) to June 21 (11:59 UTC)– Distribution Period: Based on your final APEX allocation result, the corresponding BIT or USDT equivalent will be deducted from your committed amount, while your WLKN allocation and the remaining BIT will be credited back to your Spot Account. The remaining amount of USDT will be credited back to your Spot Account. Non-winning lottery participants will get the full amount of USDT back.
May 5 (12:00 UTC) – Launch Period: The new Spot pair, WLKN/USDT, will open for trading as long as liquidity conditions are met.
5. Walken step-by-step Launchpad guide
Now that you are familiar with the project and the intricacies of Bybit’s Launchpad program, follow our step-by-step instructions to learn how to commit your BIT or USDT holdings. Do note that some of the following images are from a previous Launchpad event.
Step 1 – Select to subscribe with your BIT holdings or commit USDT to gain a chance of being one of the lottery draw winners. The process for committing BIT and USDT is very similar.
Select the “Subscription” option to participate in the Launchpad with BIT and the “Lottery” to participate with USDT.
Step 2 – Proceed by entering the amount of BIT you wish to commit to the sale and click on the “Commit Now” button. Committing USDT doesn’t involve entering your precise token amount, since every lottery ticket costs 100 USDT. Keep in mind that you can’t participate in the Launchpad with BIT after you’ve decided to enroll in the lottery draw.
After committing USDT, you will be given a lottery number and see how many participants are currently in the draw.
Step 3 – When using BIT, you can choose to commit additional funds after the initial investment has been made. You can increase your investment up to your daily average BIT balance, which was calculated during the Snapshot Period.
When the Launchpad period ends you will be notified about your lottery draw status. The first image below shows what you can expect to see in the event of a lottery win, while the second image shows what to expect if you were unfortunate in the draw.
Winning lottery message.Lossing lottery message.
6. Performance of past Bybit Launchpad projects and closing thoughts
Projects listed on the Bybit Launchpad have historically performed very well and have enjoyed a notably positive market reception once they’ve started trading in the spot markets. With a revamped program, Bybit looks to expand the service to users who might not be inclined to hold BIT but have USDT readily available. Here’s an overview of the five most lucrative Bybit Launchpad projects and their USD-adjusted returns:
