Bybit Launchpool: Stake SOCIAL, USDT or MNT to Earn a Share of 90,000,000 SOCIAL!

Bybit Launchpool is excited to introduce SOCIAL, the utility token of Phaver.

Event Period: Sep 24, 2024, 10AM UTC – Oct 1, 2024, 10AM UTC

During this period, stake SOCIAL, USDT or MNT to obtain a share of 90,000,000 SOCIAL for free!

How It Works

On Bybit Launchpool, you can stake SOCIAL, USDT or MNT to earn SOCIAL tokens.

1. SOCIAL Pool

- Total Rewards: 27,000,000 SOCIAL

- Minimum Staking Amount: 5,000 SOCIAL

- Maximum Staking Amount: 300,000 SOCIAL

2. MNT Pool

- Total Rewards: 18,000,000 SOCIAL

- Minimum Staking Amount: 100 MNT

- Maximum Staking Amount: 5,000 MNT

3. USDT Pool

- Total Rewards: 45,000,000 SOCIAL

- Minimum Staking Amount: 100 USDT

- Maximum Staking Amount: 2,000 USDT

Your Daily Yield = [(The Amount of SOCIAL, USDT or MNT) / (Total Number of SOCIAL, USDT or MNT Staked by All Participants)] × (Daily SOCIAL Prize Pool)

Your yield for the day will be calculated from the next day (T+1) after you’ve staked SOCIAL, USDT or MNT. The calculated yield will be automatically deposited to your Funding Account daily starting one (1) day after the calculation period (T+2). Your yield will be refreshed daily at 12AM (midnight) UTC.

Staked assets can be unstaked anytime. No yield will be generated on the day you withdraw your staked tokens.

VIP Rewards: Additional APR

VIP users participating in the Launchpool can enjoy additional APR rewards! For specific details regarding these rewards, please refer to the event page.

About Phavercoin (SOCIAL)

Phaver is a Web3 social app purpose-built for the permissionless and non-custodial ecosystem of the next-gen internet. Phaver app allows cross-posting and combining reach & reactions from Lens protocol and Farcaster. SOCIAL serves as its utility token.

Website | Whitepaper | X | Telegram

SOCIAL Listing Timeline

SOCIAL Deposits: Opens on Sep 23, 2024, 10AM UTC

SOCIAL Listing: Sep 24, 2024, 10AM UTC

SOCIAL Withdrawals: Opens on Sep 25, 2024, 10AM UTC

Deposits and withdrawals will be available via the Ethereum and Base networks.

SOCIAL will be available for trading via Spot Grid Bots when listed.

SOCIAL Token Splash: 7,000,000 SOCIAL Prize Pool

Event Period: Sep 23, 2024, 10AM UTC – Oct 8, 2024, 8:59AM UTC

Complete deposit and trading tasks listed on the Token Splash page to earn big!

Register for the event to get started.

SOCIAL x Referral Boost

Invite your friends to sign up on Bybit with your referral code and join the SOCIAL Launchpool. You'll receive 250 SOCIAL for every successful referee, and you can receive rewards for up to 10 successful referees.

Note:

- New users must sign up with their referrer's referral code or link to be considered for this event.

- Rewards from this referral event can be stacked with the existing Referral Program. Both referrers and their referred friends can enjoy all associated perks.

- Rewards will be distributed within 10 days after the event and are distributed on a first-come, first-served basis.

- Referrers can receive rewards for up to 10 referees.

Terms and Conditions:

- Users must complete Identity Verification Lv. 1 to stake tokens on Bybit Launchpool. Institutions and users from restricted countries/regions are not allowed to participate.

- Staked tokens can be unstaked anytime. No yield will be generated on the day users unstake their tokens.

- Yield will be updated daily at 12AM (midnight) UTC. Calculations for yield will start on the next day (T+1) after users stake their SOCIAL, USDT or MNT, and will be automatically deposited daily to their Funding Account starting one (1) day after the calculation period (T+2).

- There may be delays in the depositing of yields earned. Users will only receive a yield if it’s greater than or equal to 0.01 USDT.

- Cash rewards, if any, will be automatically credited to eligible reward recipients' Spot Account one (1) month after the end of the Launchpool event.

- All participating users must strictly abide by the Bybit Terms of Service.

- Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent or harmful purposes.

- Bybit reserves the right to modify the terms of this event without notifying users in advance.

- Bybit reserves the right of final interpretation of this event. If you have any questions, please contact our Customer Support."