Bybit Launchpool is thrilled to announce the introduction of PARAM, the utility token of Param. This exciting event offers participants the opportunity to stake PARAM, USDT, or MNT and earn a share of 20,000,000 PARAM tokens for free.
Param Labs is an innovative game and technology development studio, specializing in multiplayer blockchain games, AAA design, and cutting-edge technology. PARAM is the utility token that fuels the ecosystem of Param Labs.
Event Period
Mark your calendars! The event runs from May 29, 2024, at 8 AM UTC to June 5, 2024, at 8 AM UTC. During this time, users can stake their assets and start earning rewards.
How It Works
On Bybit Launchpool, staking PARAM, USDT, or MNT can earn you PARAM tokens. Here’s how it breaks down:
PARAM Pool
- Total Rewards: 6,000,000 PARAM
- Minimum Staking Amount: 200 PARAM
- Maximum Staking Amount: 30,000 PARAM
MNT Pool
- Total Rewards: 4,000,000 PARAM
- Minimum Staking Amount: 100 MNT
- Maximum Staking Amount: 5,000 MNT
USDT Pool
- Total Rewards: 10,000,000 PARAM
- Minimum Staking Amount: 100 USDT
- Maximum Staking Amount: 2,000 USDT
The yield for each day will be calculated starting from the next day (T+1) after you’ve staked your assets. These yields will be automatically deposited into your Funding Account daily, beginning one day after the calculation period (T+2). Your daily yield will be refreshed at midnight UTC.
Flexibility and VIP Rewards
One of the key benefits of Bybit Launchpool is the flexibility it offers. Participants can unstake their assets at any time. However, no yield will be generated on the day you withdraw your staked tokens.
Recent Bybit Launchpools included NYAN, NOT, and CTA. Lowest APRs were 20% on Nyan, 40% for Cross The Ages, and 110% on Notcoin. Some of these recent launchpools offer lucrative staking yields, and there’s no reason not to put your idle assets to work and claim free rewards.
VIP Rewards: Additional APR
VIP users can enjoy additional APR rewards when participating in the Launchpool. For more details about these exclusive rewards, users should refer to the event page on Bybit’s platform.
PARAM Listing Timeline
Alongside short-term staking during the Launchpool event, PARAM is also being added to Bybit’s spot trading.
- PARAM Deposits: Opens on May 28, 2024, at 10 AM UTC
- PARAM Listing: May 29, 2024, at 8 AM UTC
- PARAM Withdrawals: Opens on May 30, 2024, at 10 AM UTC
Deposits and withdrawals for PARAM will be available via the Ethereum and Arbitrum networks.
Bybit Launchpool’s PARAM staking event offers an exciting opportunity for crypto enthusiasts to earn substantial rewards. Whether you are staking PARAM, USDT, or MNT, the potential to earn a share of 20,000,000 PARAM tokens is just a few clicks away. Don’t miss out on this chance to maximize your returns with Bybit Launchpool!
