What is Beoble (BBL)? The New Project On Bybit Launchpad 3.0

Bybit has announced the launch of Beoble (BBL). The exchange will follow the Launchpad subscription format to issue BBL, the time to record user MNT and USDT Lottery record the daily average balance of the committed token for five (5) days in Spot Account and ByFi Account from 2024-02-23 00:00 (UTC) to 2024-02-28 23:59 (UTC). You can either commit MNT to subscribe to token allocation or commit USDT to win an allocation of the project token. You cannot participate in both at the same time.

What is Beoble (BBL)?

Beoble stands as a decentralized communication platform committed to delivering an enhanced web3 messaging experience while prioritizing privacy and security. Users can effortlessly engage through their crypto wallets by incorporating a single line of code into any DApp to activate Beoble or by obtaining a plug-in key from Beoble administrators for the Beoble web.

Beoble encompasses familiar features found in traditional Web 2.0 platforms, including stickers, files, and emojis, along with the capability to participate in an unlimited number of group chats. Beyond these standard features, Beoble introduces innovative web3 services such as NFT stickers and chats gated by tokens or transactions. Gated chats provide exclusive access to holders of designated tokens or NFTs, as well as users with a minimum number of transactions. Access requirements can be customized to enhance security and deter spammers and scammers from adding users to chats.

Users on Beoble can accrue points for opportunities to receive rewards, such as token airdrops. To bolster security, data is stored on decentralized networks like IPFS and Arweave. Decentralized networks enhance security by distributing data across numerous nodes, offering resilience against attacks. Encryption is employed to ensure the privacy and confidentiality of user data.

Beoble operates on Ethereum and all Ethereum Virtual Machine (EVM) chains, including Polygon and BNB Chain, enabling users to access Beoble via any EVM-compatible chain. The Beoble team has outlined plans to incorporate additional Layer 1 blockchains like Aptos and Sui, expanding the platform’s reach and enabling more users to communicate online.

About Beoble (BBL)

  • Token: BBL
  • Price: 1 BBL Token = 0.03 USDT
  • Total Allocated to Bybit Launchpad: 5,000,000 BBL
    • MNT Pool: 2,500,000 BBL (Cap per subscriber: 300 USD = 10,000 BBL)
    • USDT Lottery: 2,500,000 BBL (Allocation per user: 7.5 USDT = 250 BBL, winning tickets: 10,000)

How to Join Launchpad 3.0

1. Snapshot Period: Feb 23, 2024, 12AM (midnight) UTC – Feb 27, 2024, 11:59PM UTC

If you’d like to subscribe to token allocation, your daily average balance of MNT must be equal to or greater than 50 MNT during this period, and it will determine your maximum allocation of new tokens.

If you’d like to participate in the lottery, your daily average wallet balance of USDT must be at least 100 USDT during this period. The more you trade, the more Lottery Tickets you can earn.

During this period, the daily average MNT and USDT balance in your Funding Account, Spot Account, and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account) will be recorded through hourly snapshots.

In the Funding Account, USDT staked in Launchpool and Bybit Savings will be automatically counted toward your wallet balance snapshots. USDT staked in other products on Bybit Earn (e.g., Dual Asset or Liquidity Mining) will not be included.

In the Derivatives Account, the wallet balance will be counted. The wallet balance may be affected by your realized PnL.

Your daily average balance snapshot and daily Spot trading volume for the current day will be updated at 3AM UTC on the next day.

2. Subscription Period: Feb 28, 2024, 3:30AM UTC – Feb 28, 2024, 10:59AM UTC

If you’ve chosen the subscription: You must click on the Commit Now button to commit a certain amount of MNT during this period. The minimum amount required is 50 MNT. You can subscribe multiple times.

If you’ve chosen the lottery: You must click on the Commit Now button to commit 100 USDT for the lottery. Each participant can earn up to four (4) tickets based on their Spot trading volume during the Snapshot Period.

The winning probability of each Lottery Ticket = (Total number of winning tickets/Total number of Lottery Tickets for this Launchpad project) * 100%. If you hold the maximum number of four (4) tickets, you’ll have four (4) equal chances of drawing a winning number. For example, if you have four (4) tickets and two (2) of them were selected as winning tickets, you will receive allocations for two (2) tickets.

The MNT or USDT you’ve committed will be locked, and cannot be accessed for transfers, withdrawals or trading until after the final distribution of the project tokens.

3. Distribution Period: Feb 28, 2024, 11AM UTC – Feb 28, 2024, 11:59AM UTC

For token allocation subscribers: Your final token allocation = (Amount of MNT you’ve committed/Total amount of MNT committed by all participants) * Total amount of new tokens allocated for the project.

Based on your final token allocation result, the corresponding MNT equivalent will be deducted from your committed amount, while your new token allocation will go to your Spot Account (or Unified Trading Account), and the remaining MNT will be credited back to your Funding Account.

Please note that the maximum amount of new tokens you can receive has a hard cap. The amount exceeding that limit will be allocated to participants who haven’t reached this cap.

For Lottery Ticket holders: Each winning ticket will grant the holder an allocation of the project token. The new tokens that the winners will receive will go to their Spot Account (or Unified Trading Account with UTA upgrades), while the remaining committed amount, if any, will be credited back to their Funding Account. If you don’t win, the 100 USDT you’ve committed will be credited back to your Funding Account.

4. BBL/USDT Launch: Feb 28, 2024, 12PM (noon) UTC

The Spot pair of the new token will be live for trades at this time, if liquidity conditions are met.

If you don’t have a Bybit account, sign up here.

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