Your daily yield depends on the number of tokens you've staked to each pool in proportion to the total number of tokens staked to each pool by the respective participants. Once staked, your daily yield will be automatically calculated.
Let’s assume that you’ve staked token α to earn a new token β:
Your daily yield for β = (the amount of α you’ve staked to the α pool / total number of α staked to the α pool by the all participants) * daily β prize pool
Calculations for your yield will start on the next day (T+1) after you’ve staked tokens, and will be deposited daily to your Earn Account starting one day after the calculation period (T+2). No yield will be generated on the day you unstake your staked tokens. Your yield will be refreshed daily at 00:00AM UTC.
Your last daily yield and staked tokens will be automatically credited to your Earn Account two (2) days after the event ends. Please note that there may be delays in the depositing of yields earned. You will only receive a yield if it’s greater than or equal to $0.01 equivalent.
You'll need to complete KYC Level 1 verification first to stake BIT and/or the new token on the Bybit Launchpool. KYC verification is not required for "Study to Earn" and "Share to Earn". Please note that enterprises are not eligible for the event. You can log in to your Bybit account and click here to complete the individual KYC verification.
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Transfer of BIT tokens may be subject to legal restrictions under applicable laws. Under no circumstances shall BIT tokens be reoffered, resold or transferred within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended. Any public offering of the BIT tokens to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling token holder and that will contain detailed information about the company and management, as well as financial statements.