Bybit has announced the launch of its highly anticipated Bybit Launchpool event, where users can stake SWELL, USDT, or MNT to earn a share of 90,000,000 SWELL tokens. This event starts today, November 7, 2024, at 10AM UTC and runs until November 14, 2024, at 10 AM UTC.
Participants can stake in three dedicated pools to earn SWELL tokens:
SWELL Pool:
Total Rewards: 18,000,000 SWELL
Minimum Stake: 2,000 SWELL
Maximum Stake: 200,000 SWELL
MNT Pool:
Total Rewards: 27,000,000 SWELL
Minimum Stake: 100 MNT
Maximum Stake: 5,000 MNT
USDT Pool:
Total Rewards: 45,000,000 SWELL
Minimum Stake: 100 USDT
Maximum Stake: 2,000 USDT
The Bybit Launchpool calculates the yield using snapshots taken randomly every hour during the event. These snapshots contribute to determining each participant’s daily average staked amount. The daily yield for participants will be calculated based on the proportion of their average staked amount relative to the total staked by all participants. Rewards will be distributed to users’ Funding Accounts within a few hours after 12 AM UTC each day. Participants can unstake their assets anytime during the event.
VIP users can enjoy an additional 20% APR on their staking yields, boosting their potential earnings.
The SWELL listing date is set for November 7, 2024, at 10 AM UTC, with trading available on Bybit's spot grid bots. Deposits open a day earlier on November 6, 2024, and withdrawals are available starting November 8, 2024. The Swell token will also be listed on other major exchanges, including MEXC, KuCoin, and HTX, broadening its market reach.
The SWELL Token Splash event offers a 7,000,000 SWELL prize pool from November 7 to November 21, 2024, adding extra rewards for participants. Swell Network, a non-custodial staking protocol, provides seamless DeFi access with integrated liquid staking solutions. This airdrop opportunity is a key milestone in Swell Network's launch and expansion.
The Bybit event allows users to explore Swell's pre-market movements and the detailed mechanics of the airdrop, presenting an attractive engagement opportunity with the Swell coin and its ecosystem.
Also read: Piggy Bank Daily Combo 7 November 2024: claim your daily rewards