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We're excited to announce that our latest Launchpad project, Galaxy Arena (ESNC), is now live!

Galaxy Arena is a decentralized Metaverse virtual reality (VR) experience designed to bridge the gap between virtual and reality in the world of live events, attractions, VR experiences, and businesses. It includes an X-to-Earn hub, which provides players with the opportunity to earn by playing, moving, learning, dancing, and participating within one ecosystem. 

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: Oct 16, 2022, 12AM (midnight) UTC – Oct 20, 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. Your holdings will also determine the maximum allocation of ESNC you may receive.                                                                                                                                                                                                                                                                                                                                                                                                           

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, only your balance and USDT or BIT staked in 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 3AM UTC the next day. To learn more about daily average balances, please visit 

2. Subscription Period: Oct 21, 2022, 3:30AM – 10:59AM UTC 

If you've chosen the subscription method, you must click on the Commit Now 

 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 

 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: Oct 21, 2022, 11AM – 11:59AM UTC

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

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

Please note that the maximum amount of ESNC you can receive is capped at 10,000 ESNC. 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 200 ESNC 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 ESNC/USDT Spot pair will be live for trades on Oct 21, 2022, 12PM (noon) UTC, if liquidity conditions are met.          

Deposits and withdrawals of ESNC will be supported from Oct 21, 2022, 12:30PM UTC and Oct 22, 2022, 10AM UTC, respectively.

From Oct 21, 2022, 12PM (noon) UTC – Oct 26, 2022, 12PM (noon) UTC, traders who accumulated buy volume no less than 9,000 ESNC will earn a cut from the 300,000 ESNC prize pool.

Rewards will be airdropped to participants within 30 days after the event ends. 

To learn more about Launchpad, please 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 🚀 

Galaxy Arena (ESNC) on Bybit Launchpad: Now Live

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