Now live. Monster Galaxy P2E (GGM) on Bybit Launchpad.
Monster Galaxy P2E (GGM) on Bybit Launchpad
We are delighted to announce that the latest project MONSTER GALAXY P2E (GGM) is officially launched by Bybit.
MONSTER GALAXY P2E is a blockchain game version of the classic mobile game series. Players can own monster pets in the form of NFT, and win and trade game tokens GGM to obtain game treasures.
- Name: GGM
- Total Supply: 1,000,000,000 GGM
- Total Bybit Launchpad distribution: 10,000,000 GGM (1% of total supply)
- Limit per user: 14,000 GGM
- Price: 1 GGM = $0.025 (exchange rate between BIT and GGM will be confirmed at the start of the subscription period)
- Format: Support multiple subscriptions
- Staking tokens: BIT only
1. Snapshot Period: 12AM (midnight) UTC on Jan. 13, 2022 to 11:59PM UTC on Jan. 17, 2022
During this five-day period, the daily average BIT balance in the spot account, ByFi wealth management account and contract account is automatically recorded with hourly snapshots. The snapshot of the current day’s BIT balance will be updated at 03:00 AM (UTC) the next day.
The average daily BIT balance of the spot account, ByFi wealth management account and contract account during the five-day period will determine the maximum amount you can invest in the MONSTER GALAXY P2E (GGM) project – quickly store the BIT amount!
2. Subscription Period: 3:30AM to 10:59AM UTC on Jan. 18, 2022
You must ” click to invest ” during the subscription period to invest a certain amount of BIT into the new project.
Please note that your invested BIT quota will be locked and cannot be transferred, withdrawn or traded until GGM is released.
3. Distribution Period: 11:00AM to 11:59AM UTC on Jan. 18, 2022
Your final quota of GGM = (the amount of BIT you invested / the total amount of BIT invested by all participating users) * the total amount of GGM allocated to the project.
The amount you invested will be deducted from the final GGM quota of equivalent BIT, and the issued GGM and remaining BIT will be returned to the spot account.
Please note that the maximum amount of GGM you can claim is 14,000, and the amount above the limit will be distributed to participating users who have not yet reached the limit.
4. Launch Period
The new spot trading pair GGM/USDT will be open for trading at 12:00 noon (UTC) on January 18, 2022 if it meets the liquidity conditions.
You must complete the first stage of customer basic information requirements or enterprise verification to be eligible to participate in this activity. Users in restricted countries are not allowed to participate in this campaign. Please log in to your Bybit account to complete customer basic information verification.
The BIT balance in the spot account, ByFi wealth management account and contract account will be calculated during the snapshot period. Please note that only the BIT balance and the BIT pledge amount of the mining pool will be automatically included in the ByFi wealth management account snapshot. The BIT pledge amount of other products in ByFi mall (such as dual-asset mining) will not be included. The snapshot of the current day’s BIT balance will be updated at 03:00 AM (UTC) the next day.
During the subscription period, if you have pledged BIT in the mining pool, please cancel the pledge first and transfer it to the spot account manually. If you hold BIT in a ByFi wealth management account or contract account, please transfer it to the spot account manually.
The minimum amount of BIT you can invest is 50.
The daily average BIT balance of spot accounts, ByFi wealth management accounts and contract accounts from 00:00 on January 13, 2022 to 11:59 pm on January 17, 2022 (UTC) must be equal to or greater than 50, and will be rounded up to the nearest whole number.