Airdrop/Whitelist Complete Guide — Bybit Launchpad

Update: Article is now updated to the latest Launchpad on Jan 11.

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Bybit, a popular cryptocurrency exchange, launched BitDAO with investment from Peter Thiel, Founders Fund, Pantera, Dragonfly and Spartan.

The native token of BitDAO, $BIT, allows you to buy new tokens at a cheap price or farm new tokens for free at Bybit. It works similar to $BNB at Binance.

You can sign up for a Bybit account here if you haven’t. (Get 3.5% bonus of the deposited amount.)

Their latest launchpad project is GGM($KASTA), a blockchain game version of a legendary mobile game series wherein players own monster pets in the form of NFTs, and earn and trade GGM, the in-game token, for in-game items.

Your $BIT balance will determine the number of $GGM you can buy. You can buy $BIT at Bybit.

Details:

1. Snapshot Period: 12AM (midnight) UTC on Jan. 13, 2022 to 11:59PM UTC on Jan. 17, 2022

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.

2. Subscription Period: 3:30AM to 10:59AM UTC on Jan. 18, 2022

You must click on the “Commit Now” button to commit a certain amount of BIT to the new project during this subscription period.

3. Distribution Period: 11:00AM to 11:59AM UTC on Jan. 18, 2022

You will also need to upgrade your KYC to at least level 1.