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OBX Launchpad

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OBX Deposit Assets

We're excited to announce that our latest Launchpad project, OpenBlox (OBX), is now live!

• Price: 1 OBX Token = 0.004 USD (Exchange rate between BIT and OBX will be confirmed when the subscription period starts.)

• Total Supply: 10,000,000,000 OBX                                                                                                                                                                                                                                   • Total Allocated to Bybit Launchpad: 100,000,000 OBX (1% of the total supply)

OBX is the governance token of OpenBlox, a play-to-earn game where players can venture across web3 apps via their NFTs.

You can either commit BIT to subscribe to token allocation or commit USDT to win an allocation of the project token. Please note that you can't participate in both events at the same time.                            

•  Total Allocation: 70,000,000 OBX           

• Committed Token: USDT only                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          • Allocation per Lottery Winner: 3,000 OBX 

• Total Allocation: 30,000,000 OBX             

• Each lottery winner will receive an allocation of OBX. Non-winning participants will get their committed USDT back at the end of the event.                                                                                                           

1. Snapshot Period:  June 25, 2022, 12AM (midnight) UTC – June 29, 2022, 11:59PM UTC

If you'd like to subscribe to token allocation: Your daily average balance of BIT must be equal to or greater than 50 BIT during this period, and it will determine the maximum allocation of OBX you can access.                                                                                                                                                                                                                                                                                                                                                                                                               

If you'd like to participate in the lottery: Your daily average wallet balance of USDT must be equal to or greater than 100 USDT during this period.                                                                                                                 

Over this period, the balance in your Spot Account, Earn Account and Derivatives Account will be recorded through hourly snapshots. For the Earn Account, your balance and USDT or BIT staked in the Launchpool and Bybit Savings will be counted in the snapshot. USDT or BIT staked in other products on Bybit Earn (e.g., Dual Asset) will not be included. Your daily average balance snapshot of the current day will be updated at 3:00AM UTC on the next day. For more about the daily average balance, please visit our Help Center. (link to FAQ article).                                                                                                                                 

2. Subscription Period: June 30, 2022, 3:30AM – 10:59AM UTC 

If you've chosen the subscription: You must click on the Commit Now button (link to launchpad landing page) to commit a certain amount of BIT during this period. The minimum amount required is 50 BIT. You can subscribe multiple times.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

If you've chosen the lottery: You must click on the Commit Now button (link to launchpad landing page) to commit 100 USDT for a lottery ticket. Each participant can only subscribe for one ticket.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

For each lottery draw, a certain number of winning tickets will be issued. The probability of winning = Total number of winning tickets/Total number of lottery participants for this Launchpad project * 100%   

The BIT 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 token.         

3. Distribution Period: June 30, 2022, 11AM – 11:59AM UTC

For token allocation subscribers: Your final OBX allocation = (Amount of BIT you've committed/Total amount of BIT committed by all participants) * Total amount of OBX allocated for the project. 

Based on your final OBX allocation result, the corresponding BIT equivalent will be deducted from your committed amount, while your OBX allocation and the remaining BIT will be credited to your Spot Account. 

Please note that the maximum amount of OBX you can receive is capped at 100,000 OBX. The amount that exceeds that limit will be allocated to participants who haven't reached this cap yet.                                                                                                         

For lottery ticket holders: If you win, you'll receive 3,000 OBX, and the remaining amount of USDT committed will be credited back to your Spot Account. If you don't win, the 100 USDT you've committed will be credited back to your Spot Account.                                                                                                                                                                                                                                                                      

4. Launch Period: June 30, 2022, 12PM (noon) UTC

The OBX/USDT Spot pair will be live for trades on June 30, 2022, 12PM (noon) UTC, if liquidity conditions are met.          

Deposits and withdrawals of OBX will be supported from June 29, 2022, 10AM UTC and July 1, 2022, 10AM UTC respectively.

Buy and Earn: From June 30, 2022, 12PM (noon) UTC – July 6, 2022, 12PM (noon) UTC, the first 600 traders who purchase at least 50,000 OBX on Bybit will earn a cut from the 2,500,000 OBX prize pool.

                                                                                                                                                                                                                                                                                                                      For more about Launchpad, check out our Help Center 

Ready to gear up for the project? Here are two things you can do right now:

1. Deposit or transfer BIT or USDT into your Bybit account.

2. Mark your calendar and get ready for the launch 🚀 

OPENBLOX (OBX) on Bybit Launchpad: Now Live

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