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

OKSE is the utility token of Okse, a DeFi system built to revolutionize the financial market. Okse allows users to make purchases from numerous shops using their crypto assets, and aims to create a completely decentralized financial experience. With an Okse wallet, users can avoid all third parties between them and their funds.

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.                            

1. Snapshot Period: Aug 31, 2022, 12AM (midnight) UTC – Sep 4, 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 OKSE 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 for 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: Sep 5, 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: Sep 5, 2022, 11AM – 11:59AM UTC

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

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

Please note that the maximum amount of OKSE you can receive is capped at 6,250 OKSE. 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 150 OKSE 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.                                                                                                                                                                                                                                                                      

The OKSE/USDT and OKSE/USDC Spot pairs will be live for trades on Sep 5, 2022, 12PM (noon) UTC, if liquidity conditions are met.          

Deposits and withdrawals of OKSE will be supported from Sep 5, 2022, 10AM UTC and Sep 6, 2022, 10AM UTC, respectively.

From Sep 5, 2022, 12PM (noon) UTC – Sep 8, 2022, 12PM (noon) UTC, the first 500 traders who purchase at least 5,000 OKSE on Bybit will earn a cut from the 120,000 OKSE prize pool. Each eligible participant will receive 240 OKSE in reward.

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 🚀 

Okse (OKSE) on Bybit Launchpad: Now Live

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