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Bybit Launches Latest Launchpad Project: Velar (VELAR)
Singapore, March 30, 2023 - Leading cryptocurrency exchange Bybit is pleased to announce the launch of its latest Launchpad project, Velar (VELAR).
Velar is a decentralized autonomous organization (DAO) that aims to provide a comprehensive suite of decentralized financial (DeFi) products and services. The VELAR token will serve as the governance token within the Velar ecosystem, enabling holders to participate in decision-making and earn rewards.
Token Details:
- Token: VELAR
- Price: 1 VELAR Token = 0.03 USDT
- Total Allocated to Bybit Launchpad: 8,000,000 VELAR
Subscription Details:
The subscription period for VELAR will run from April 3, 2023, 3:30AM UTC to April 3, 2023, 10:59AM UTC. Participants can subscribe to VELAR through the Bybit Launchpad mechanism, which consists of two pools:
MNT Pool:
- Allocation: 4,000,000 VELAR
- Cap per subscriber: 300 USD = 10,000 VELAR
USDT Lottery:
- Allocation: 4,000,000 VELAR
- Allocation per user: 12 USDT = 400 VELAR
- Winning tickets: 10,000
Eligibility Requirements:
To participate in the Launchpad, users must meet the following requirements:
- Hold at least 50 MNT or 125 USDT in their Bybit account.
- Stake USDT or participate in additional optional tasks to increase lottery ticket allocation.
Optional Tasks:
- Trade minimum 5K USDT on Spot or hold minimum 1K USDT in assets: +2 lottery tickets
- Trade minimum 25K USDT on Spot or hold minimum 10K USDT in assets: +3 lottery tickets
Snapshot Period:
The snapshot period for determining eligibility will occur from March 29, 2023, 12AM (midnight) UTC to April 2, 2023, 11:59PM UTC.
Distribution Period:
Successful participants will receive their VELAR token allocation on April 3, 2023, 11AM UTC to April 3, 2023, 11:59AM UTC.
Disclaimer:
This announcement is solely for informational purposes and should not be considered investment advice. Bybit strongly advises users to conduct thorough research before investing in any cryptocurrency.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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