Now Live: XCAD Network's PLAY Token on Bybit Web3 IDO

Apr 3, 2023WEB3

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 IDO project, XCAD Network's PLAY token, is now live!

About XCAD Network's PLAY Area

Token: PLAY
Price: 1 PLAY Token = 0.01 USDT
Inital Supply: 350,000,000 PLAY
Total Allocated to Bybit IDO: 5,000,000 PLAY (1.43% of the total initial supply)

Project Description

XCAD Network is a Watch-to-Earn and NFT platform that allows users to earn fan tokens directly on YouTube via its Google Chrome Plug-In or Mobile app without any changes to their existing user flow. These fan tokens can be used to vote on certain decisions around creators or to unlock special perks. The XCAD ecosystem is composed of multiple dApps which strengthen and add value to the Creator token ecosystem.

The PLAY area, an extension of XCAD Network, allows users to mint NFTs while earning PLAY tokens for watching specific YouTube content. PLAY tokens are needed to buy, trade, upgrade and repair users' NFTs. These NFTs power users' earnings within the XCAD Network game ecosystem, and reward players for collecting and maintaining NFTs that best match their viewing habits.

Website | Whitepaper | Medium | Telegram | Twitter

How It Works

IDO Subscription Period: Apr 3, 2023, 10AM UTC to Apr 11, 2023, 10AM UTC
Snapshot Period*: Apr 8, 2023, 10AM UTC to Apr 11, 2023, 10AM UTC
IDO Lottery Draw: Apr 11, 2023, 10:30AM UTC

Smart contracts will randomly select 1,000 users who subscribed for the IDO.

Reveal and Purchase Period: Apr 11, 2023, 10:30AM UTC – Apr 12, 2023, 10AM UTC

During this period, participants can reveal whether they have won a winning ticket. Once the winning tickets have been revealed, users will be able to purchase 50 USDT worth of tokens.

Listing: PLAY/USDT will be listed on Spot on Apr 13, 2023, 10AM UTC.

*Note:

Users must own a Bybit Wallet with a balance of at least 100 USDT and 0.1 BNB (BNB Chain) to be eligible for IDO participation. Failure to maintain this balance during the Snapshot Period will result in ineligibility.
Three (3) snapshots will be taken per day during the Snapshot Period.
During the snapshot period, random snapshots are taken 3 times a day. Users need to ensure that they hold no less than 100 USDT and 0.1 BNB wallet balance each time to be eligible for IDO Lucky Draw.

To learn more about Bybit Web3 IDO, please check out our Help Center.

Terms and Conditions

Participants must have a Bybit Wallet with balance of at least 100USDT and 0.1 BNB (BNB Chain) to be eligible for IDO participation. Failure to maintain this balance during the Snapshot Period will result in ineligibility.
Three (3) snapshots will be taken per day during the Snapshot Period from 10AM UTC on Apr 8, 2023 to 10AM UTC on Apr 11, 2023.
Identity Verification Lv. 1 is not required for participation.
Subaccounts are not eligible for IDO participation.
To ensure an optimal Web3 experience on the Bybit App, please upgrade your app to version 4.9.0 or higher.
To redeem allocated IDO tokens, participants will need to pay blockchain gas fees which may vary due to network conditions, and redemption will fail if there are insufficient funds.
Bybit reserves the right of the final interpretation of this event. If you have any questions, please contact our customer 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.