After ByBit Launchpad 6th: Realy Metaverse (REAL) Get ROI 1,650% (X16 Balance). ByBit LaunchPad will be listing Izumi Finance(IZI) at 3:30 AM UTC on Dec 20, 2021. Don’t miss this chance!
What is ByBit Launchpad?
Bybit Launchpad is a token launch platform for groundbreaking blockchain projects. It gives users access to pre-listing rounds and allows them to earn new tokens directly on Bybit. The Terms and Conditions for the Bybit Launchpad shall be reviewed and updated regularly.
Izumi Finance(IZI) Introduction
izumi Finance provides Programmable Liquidity as a Service (LaaS) firstly on Ethereum with Uniswap V3, and then will extend the liquidity service to multi-chains with built-in DEX. It will help liquidity providers earn additional liquidity mining rewards as well as trading fees on Uniswap V3. On the other side, it will help protocols attract liquidity in an efficient and lasting way.
izumi enhances incentive efficiency by izumi’s LiquidBox which enables protocols to distribute incentive rewards in certain price ranges. Meanwhile liquidity providers could earn more trading fees with capital efficiency and get additional incentives provided by related protocols. E.g., stablecoin pools only pay out incentive rewards within a narrow price range (0.99,1.01).
izumi solves “pool 2 dilemma” problems by providing structured-incentive and auto-rebased modules, which could attract more liquidity with low emission rate for protocols while enabling non-impermanent loss liquidity mining for liquidity providers.
(Pool 2 dilemma – high APR liquidity mining incentives in pool 2 usually brings high inflation rate and sell pressure)
Realy Metaverse Token details:
- Name: IZI
- Total Supply: 2,000,000,000 IZI
- Total Allocated to Bybit Launchpad: 10,000,000 IZI (0.5% of the total supply)
- Cap Per User: 10,000 IZI
- Price: 1 IZI = $0.04 (exchange rate between BIT and IZI will be confirmed when the subscription period starts)
- Committed Token: BIT only
- Format: Multiple subscriptions supported
Terms & Conditions for Subscription?
- You must complete the KYC L1 requirement or business verification to be eligible for the event. Users from restricted countries are not allowed to join the event. Please log in to your Bybit account and click here to complete the KYC verification.
- The BIT balance in your Spot Account, ByFi Account, and Derivatives Account will be counted during the snapshot period. Please note that only your BIT balance and BIT staked in the Launchpool will be automatically counted in the snapshot of your ByFi Account. BIT staked in other products on the ByFi Center (e.g. Dual Asset Mining) will not be included. Your BIT balance snapshot of the current day will be updated at 3:00AM UTC on the next day.
- During the subscription period, if you’ve staked BIT in the Launchpool, unstake first and manually transfer it to the Spot Account. If you hold BIT under the ByFi Account or Derivatives Account, please manually transfer BIT to the Spot Account.
- The minimum amount of BIT you can commit is 50.
- The daily average amount of BIT in your Spot Account, ByFi Account, and Derivatives Account from 0:00AM UTC on Dec. 15, 2021 to 11:59PM UTC on Dec. 19, 2021, must be equal to or greater than 50, and will be rounded up to the nearest integer.
- Subaccounts are not eligible for the event. The amount of BIT under the Subaccounts will be counted towards the Main Account.
- Bybit reserves the right of final interpretation of this event. If you have any questions, please contact our customer service.
How does it work?
1. Snapshot Period: 0:00AM UTC on Dec. 15, 2021 to 11:59PM UTC on Dec. 19, 2021
Over this 5-day period, the daily average BIT balance in your Spot Account, ByFi Account, and Derivatives Account will be automatically recorded through hourly snapshots. Your BIT balance snapshot of the current day will be updated at 3:00AM UTC on the next day.
The 5-day daily average BIT balance in your Spot Account, ByFi Account, and Derivatives Account will determine the maximum amount of BIT you can commit towards the izumi Finance (IZI) project — so top up your BIT balance now!
2. Subscription Period: 3:30AM to 10:59AM UTC on Dec. 20, 2021
You must click on the “Commit Now” button to commit a certain amount of BIT to the new project during this subscription period.
Please note that the amount of BIT you’ve committed will be locked and cannot be accessed for transfers, withdrawals, or trading until after the final IZI distribution.
3. Distribution Period: 11:00AM to 11:59AM UTC on Dec. 20, 2021
Your final IZI allocation amount = (the amount of BIT you’ve committed / total amount of BIT committed by all participants) * total amount of IZI allocated for the project.
Based on your final IZI allocation result, the corresponding BIT equivalent will be deducted from your committed amount, while your IZI allocation and the remaining BIT will be credited back to your Spot Account.
Please note that the max. amount of IZI you can receive is capped at 10,000, and the amount that exceeds the limit will be allocated to participants who haven’t reached this hard cap yet.
4. Launch Period
The new spot pair, IZI/USDT, will be live for trades at 12:00PM UTC on Dec. 20, 2021, if liquidity conditions are met.
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⚠️⚠️⚠️ Important note: Must do your own research before investing in any Project & invest at your own risk, that you can afford to lose!