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Cashtree (CTT) on Bybit Launchpad 3.0: Now Live

Aug 30, 2023Launchpad

Disclaimer: This is a general announcement. Products and services referred to here may not be available in your region. Please refer to T&C for more details.

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

About Cashtree (CTT)

Token: CTT
Price: 1 CTT Token = 0.0033 USDT
Total Supply: 5,000,000,000 CTT
Total Allocated to Bybit Launchpad: 45,500,000 CTT

MNT Pool: 22,750,000 CTT (Cap per subscriber: 330 USD = 100,000 CTT)
USDT Lottery: 22,750,000 CTT (Allocation per user: 7.5 USDT = 2,275 CTT, winning tickets: 10,000)

Website | Whitepaper | Medium | Twitter | Telegram

How to Join Launchpad 3.0

1. Snapshot Period: Sep 1, 2023, 12AM (midnight) UTC – Sep 4, 2023, 11:59PM UTC

If you'd like to subscribe to token allocation: Your daily average balance of MNT must be equal to or greater than 50 MNT during this period, and it will determine your maximum allocation of new tokens.

If you'd like to participate in the lottery: Your daily average wallet balance of USDT must be at least 100 USDT during this period. Additionally, your daily average Spot trading volume must be at least 50 USDT during this period. The more you trade, the more Lottery Tickets you can earn.

Over this period, the daily average MNT and USDT balance in your Funding Account, Spot Account, and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account) will be recorded through hourly snapshots.

In the Funding Account, USDT staked in Launchpool and Bybit Savings will be automatically counted toward your wallet balance snapshots. USDT staked in other products on Bybit Earn (e.g., Dual Asset Mining or Liquidity Mining) will not be included.

In the Derivatives Account, the wallet balance will be counted. The wallet balance may be affected by your realized PnL.

Your daily average balance snapshot and daily Spot trading volume for the current day will be updated at 3AM UTC on the next day. For more details about the daily average balance, please visit our Help Center.

2. Subscription Period: Sep 5, 2023, 3:30AM UTC – Sep 5, 2023, 10:59AM UTC

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

If you've chosen the lottery: You must click on the Commit Now button to commit 100 USDT for the lottery. Each participant can earn up to five (5) tickets based on their Spot trading volume during the Snapshot Period.

The winning probability of each Lottery Ticket = Total number of winning tickets/Total number of Lottery Tickets for this Launchpad project * 100%. If you hold the maximum number of five (5) tickets, you’ll have five (5) equal chances of drawing a winning number. For example, if you have five (5) tickets and two (2) of them were selected as winning tickets, you will receive allocations for two (2) tickets.

The MNT 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 tokens.

3. Distribution Period: Sep 5, 2023, 11AM UTC – Sep 5, 2023, 11:59AM UTC

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

Based on your final token allocation result, the corresponding MNT equivalent will be deducted from your committed amount, while your new token allocation will go to your Spot Account (or Unified Trading Account), and the remaining MNT will be credited back to your Funding Account.

Please note that the maximum amount of new tokens you can receive has a hard cap. The amount exceeding that limit will be allocated to participants who haven't reached this cap.

For Lottery Ticket holders: Each winning ticket will grant the holder an allocation of the project token.

The new tokens that the winners will receive will go to Spot Account (or Unified Trading Account with UTA upgrades), while the remaining committed amount, if any, will be credited back to your Funding Account. If you don't win, the 100 USDT you've committed will be credited back to your Funding Account.

4. CTT/USDT Launch: Sep 5, 2023, 12PM (noon) UTC

The Spot pair of the new token will be live for trades at this time, if liquidity conditions are met.

More Ways to Earn

🎉 Event 1: Take a Quiz to Share 42,500 MNT

Event period: Aug 30, 2023, 10AM UTC – Sep 5, 2023, 11AM UTC

Users can earn an equal share of 42,500 MNT in three (3) steps.

Complete Identity Verification Lv. 1.
Answer all the questions in the Launchpad 3.0 quiz correctly. Each user can only participate in this quiz once.
Join the CTT Launchpad via MNT Subscription or USDT Subscription before 11AM UTC on Sep 5, 2023.

🎉 Event 2: Stake CTT and Earn Up to 99% APR

Event period: Sep 5, 2023, 12PM (noon) UTC – Sep 12, 2023, 12PM (noon) UTC

To celebrate the listing of CTT, we've prepared a staking event just for you.

Here’s how it works:

Day 1: Stake up to 75,000 CTT.

Day 2: Start earning yield!

Day 3: Your yield will be deposited to your Funding Account — and will continue to be deposited daily, as long as your assets are still staked, until the end of the event period.

🎉 Event 3: Become a VIP and Share 300,000 CTT Prize Pool

Event period: Aug 25, 2023, 10AM UTC – Sep 5, 2023, 11:59PM UTC

Upgrade to at least VIP 1 and participate in the CTT Launchpad to grab an equal share of the 300,000 CTT prize pool. You can subscribe for the Launchpad via MNT or USDT. Your participation will still be counted even if you don't win the lottery.

Rewards will be distributed to eligible users' Spot account within 3 working days after the CTT listing.

🎉 Event 4: Deposit via Buy Crypto to Share 300,000 CTT & 1,000 USDT

Perk 1: New User Reward (300,000 CTT Prize Pool)

Event period: Aug 25, 2023, 10AM UTC – Sep 4, 2023, 10AM UTC

Make a single or cumulative deposit of at least $100 (or equivalent) within 7 days of signing up with Bybit to get 1,000 CTT.
Successfully participate in the CTT Launchpad event to get an extra 1,000 CTT.

Rewards are limited and distributed on a first-come, first-served basis.

Eligible deposit methods include:

One-Click Buy with cash balance or card payment
Buy USDT via P2P
Deposit USDT via bank transfer
Crypto Deposits

Perk 2: All Users (1,000 USDT Prize Pool)

Event period: Sep 5, 2023, 10AM UTC – Sep 10, 2023, 10AM UTC

Buy at least 300 CTT via P2P, Bank Card or Cash Balance on the One-Click Buy page to earn up to 10 USDT each.

Please note:

Users must complete Identity Verification Lv. 1 to be eligible for any rewards.
Subaccounts are not eligible for this perk.
Rewards can only be claimed once, even for repeated deposits.
The reward will be distributed to the user's Spot account within 30 days after the event ends.

🎉 Event 5: Lucky Draw

Join the lucky draw to win CTT. New users stand to win from the 500,000 CTT prize pool!

Terms & Conditions:

Launchpad

Users must complete Identity Verification Lv. 1 or Business Verification to be eligible for the event. Users from restricted countries are not allowed to join the event. Please log in to your Bybit account and click here to complete identity verification.
During the Snapshot Period, the balance of MNT or USDT in users' Funding Account, Spot Account, and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account) will be counted. Please note that only MNT or USDT staked in Launchpool and Bybit Savings will automatically be counted in the snapshot, and MNT or USDT staked in other products on Bybit Earn (e.g., Dual Asset) will not be included.
Subaccounts are not eligible for the event. However, the amount of MNT or USDT under the Subaccounts will be counted toward the Main Account when snapshots are taken.
The daily average Spot trading volume from Spot Trading, Spot Copy Trading, Grid Bot, DCA Bot, Spot Margin Trading and Leveraged Tokens will be recorded through daily snapshots.
Additionally, trading volume involving stablecoin pairs and zero-fee pairs from users' buy and sell transactions will also be captured through snapshots.
For USDT denominated pairs, the trading volume is the sum of all orders values for each executed USDT order. For non-USDT denominated pairs, the trading volume will be converted into USDT based on the closing price of the day.

General

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 of final interpretation of the Terms and Conditions. If you have any questions, please contact our Customer Support team.