Realy Metaverse (REAL) on Bybit Launchpad: Now Live

Bybit is pleased to announce that our latest project, Realy Metaverse (REAL), is now live!

Realy Metaverse is a 3D virtual world that enables users to interact with, mint, and trade a wide range of NFT-based music, games, fashion products, and collectibles.

Realy Metaverse is backed by Multicoin Capital, Alameda Research, Three Arrows Capital, District0x and more.

What are the token details?

• Name: REAL
• Total Supply: 100,000,000 REAL
• Total Allocated: 500,000 REAL (0.5% of the total supply)
• Cap Per User: 500 REAL
• Price: 1 REAL = $1 (exchange rate between BIT and REAL will be confirmed when the subscription period starts)
• Format: Multiple subscriptions supported
• Committed Token: BIT only

How does it work?

1. Snapshot Period: 0:00AM UTC on Dec. 5, 2021 to 11:59PM UTC on Dec. 9, 2021

Over this 5-day period, the daily average BIT balance in your Spot Account, ByFi Account, and Derivatives Account will be automatically recorded through hourly snapshots. Your BIT balance snapshot of the current day will be updated at 3:00AM UTC on the next day.

The 5-day daily average BIT balance in your Spot Account, ByFi Account, and Derivatives Account will determine the maximum amount of BIT you can commit towards the Realy Metaverse (REAL) project — so top up on BIT now!

For more information, check out their Help Center article.

2. Subscription Period: 3:30AM UTC on Dec. 10, 2021 to 10:59AM UTC on Dec. 10, 2021

You must click on the “Commit Now” button to commit a certain amount of BIT to the new project during this subscription period.

Please note that the amount of BIT you’ve committed will be locked and cannot be accessed for transfers, withdrawals, or trading until after the final REAL distribution.

3. Distribution Period: 11:00AM UTC on Dec. 10, 2021 to 11:59AM UTC on Dec. 10, 2021

Your final REAL allocation amount = (the amount of BIT you’ve committed / total amount of BIT committed by all participants) * total amount of REAL allocated for the project.

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

Please note that the max. amount of REAL you can receive is capped at 500, and the amount that exceeds the limit will be allocated to participants who haven’t reached this hard cap yet.

4. Launch Period

The new spot pair, REAL/USDT, will be live for trades at 12:00PM UTC on Dec. 10, 2021, if liquidity conditions are met.

Ready to gear up for the project? Here’re two things you can do right now.

• Deposit or transfer BIT to your Spot Account

• Mark your calendar for the subscription period 🚀

Terms & Conditions

1. You must complete the KYC L1 requirement 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 (link to KYC page) to complete the KYC verification.
2. The BIT balance in your Spot Account, ByFi Account, and Derivatives Account will be counted during the snapshot period. Please note that only your BIT balance and BIT staked in the Launchpool will be automatically counted in the snapshot of your ByFi Account. BIT staked in other products on the ByFi Center (e.g. Dual Asset Mining) will not be included. Your BIT balance snapshot of the current day will be updated at 3:00AM UTC on the next day.
3. During the subscription period, if you’ve staked BIT in the Launchpool, unstake first and manually transfer it to the Spot Account. If you hold BIT under the ByFi Account or Derivatives Account, please manually transfer BIT to the Spot Account.
4. The minimum amount of BIT you can commit is 50.
5. The daily average amount of BIT in your Spot Account, ByFi Account, and Derivatives Account from 0:00AM UTC on Dec. 5, 2021 to 11:59PM UTC on Dec. 9, 2021, must be equal to or greater than 50 and will be rounded up to the nearest integer.
6. Subaccounts are not eligible for the event. The amount of BIT under the Subaccounts will be counted towards the Main Account.
7. Bybit reserves the right of final interpretation of this event. If you have any questions, please contact their customer service.

About Realy Metaverse (REAL)

Realy Metaverse is a 3D virtual world that enables users to interact with, mint, and trade a wide range of NFT-based music, games, and fashion products, and collectibles.

📰 INFO 

https://blog.bybit.com/post/realy-metaverse-real-on-bybit-launchpad-now-live-bltf63c2da8368111fa/