Bybit Launchpool has announced an exciting new event, introducing NOT, the utility token of Notcoin. The event, running from May 16, 2024, 12 PM (noon) UTC to May 23, 2024, 12 PM (noon) UTC, offers participants the chance to stake NOT, USDT, or TON and earn a share of 1,283,990,271 NOT for free.
About Notcoin (NOT)
Notcoin is a play-to-earn game integrated within the Telegram messaging app. It allows users to earn tokens through gameplay, which can eventually be converted into crypto tokens with real-world value. As a mini-app within Telegram, Notcoin appeals to users by enabling them to “mine” or earn a digital currency known as Notcoin.
How to Participate
Participants can stake their NOT, USDT, or TON tokens on Bybit Launchpool to earn NOT tokens. The staking process is straightforward and offers various pools with different rewards.
NOT Pool:
- Total Rewards: 256,798,054 NOT
- Minimum Staking Amount: 50,000 NOT
- Maximum Staking Amount: 2,000,000 NOT
TON Pool:
- Total Rewards: 385,197,081 NOT
- Minimum Staking Amount: 20 TON
- Maximum Staking Amount: 2,000 TON
USDT Pool:
- Total Rewards: 641,995,136 NOT
- Minimum Staking Amount: 100 USDT
- Maximum Staking Amount: 2,000 USDT
Your daily yield is calculated based on the amount of NOT, USDT, or TON you stake relative to the total amount staked by all participants. Yields are calculated from the day after staking and automatically deposited into your Funding Account daily, starting one day after the calculation period. Yields refresh daily at midnight UTC, and staked assets can be unstaked anytime. However, no yield is generated on the day of withdrawal.
VIP Rewards: Additional APR
VIP users participating in the Launchpool event enjoy an additional 20% APR. For more details, users can refer to the event page.
Potential Profits:
Based on some of the recent Bybit launchpool events, here are final APRs:
- Cross the Ages (CTA): Staking opens within 24 hours, APR starts at 800%.
- Mode (MODE): minimum APR was 19.46% for USDT, 20.99% APR for MNT, and 374.74% for MODE.
- Ethena (ENA): minimum APR was 633.17% for USDT, and 1073.26% for ENA.
While past performance is no guarantee, worst-case scenario seems to be APR around 20%. Because both CTA and NOT launchpool events are running simultaneously, presumably we can expect higher yields for both. User’s funds will no doubt be diluted between these two exciting launchpools, meaning everyone can enjoy lucrative and risk-free bonuses on their idle USDT, or other coins.
Bybit’s Notcoin Launchpool event provides a unique opportunity for users to stake their tokens and earn rewards, making it an attractive option for both new and existing users looking to expand their crypto portfolios.
