Bybit has announced the launch of its highly anticipated Bybit Launchpool event, allowing users to stake a variety of assets and earn SWELL tokens. This exciting opportunity kicks off today, November 7, 2024, at 10:00 AM UTC and will run until November 14, 2024, at 10:00 AM UTC. With 90 million SWELL tokens on offer, it’s an event that promises substantial rewards for early participants.
The Bybit Launchpool event allows users to stake three different assets to earn their share of SWELL tokens. Each pool comes with different minimum and maximum staking limits, allowing both small and large investors to get involved. Here's how it works:
Each of these pools offers a unique opportunity to stake the designated assets and earn SWELL tokens in return. The amount of SWELL you earn depends on the proportion of your staked amount relative to the total amount staked across all participants.
Bybit uses a random snapshot system to calculate yield during the Launchpool event. Every hour, the system takes random snapshots of all participants' staking amounts, which helps determine each user's daily average staked amount. The rewards for each participant will then be calculated based on this average, as well as their share of the total pool.
Rewards Distribution:
Bybit has also introduced an added incentive for VIP users—they will receive an additional 20% APR on their staking yields, significantly boosting their potential earnings.
The SWELL token is officially listed on Bybit starting November 7, 2024, at 10 AM UTC, with trading available on Bybit’s spot grid bots. The token’s listing provides users with the opportunity to get involved in its pre-market movements before its broader launch on other exchanges.
Deposits for SWELL tokens open on November 6, 2024, while withdrawals are available starting November 8, 2024. Additionally, the SWELL token will be listed on major cryptocurrency exchanges like MEXC, KuCoin, and HTX, offering a wider range of options for traders and investors.
In addition to the Launchpool event, Bybit is running the SWELL Token Splash event with an additional 7,000,000 SWELL prize pool. This event runs from November 7 to November 21, 2024, and offers extra rewards for participants who take part in the ecosystem's launch and early-stage activities.
The SWELL token is part of the Swell Network, a decentralized finance (DeFi) platform offering non-custodial staking solutions and liquid staking services. With its unique model, Swell provides users seamless access to DeFi, allowing them to earn rewards while maintaining control over their assets.
The Launchpool event marks a key milestone for Swell Network’s growth and expansion into the crypto ecosystem, offering a unique opportunity to engage with the project early on.
To take part in the Bybit Launchpool event and earn SWELL tokens, follow these simple steps:
Bybit's flexible staking and yield calculation model provide plenty of opportunities for participants to earn a share of the 90 million SWELL tokens. Whether you’re a small investor or a large holder, this event offers an exciting way to engage with a promising new DeFi token.
The Bybit Launchpool event is a great opportunity for both newcomers and seasoned crypto enthusiasts to earn SWELL tokens while participating in the launch of an exciting new project in the DeFi space. With the additional rewards from the SWELL Token Splash event and the bonus APR for VIP users, there’s a lot to gain from staking in this event.
Don’t miss out—start staking today and secure your share of 90 million SWELL tokens before the event ends on November 14, 2024.
November 2024, Cryptoniteuae