Bybit Launchpad TAP FANTASY (TAP) is now live.

This article is provided by the exchange Bybit

We are excited to announce that the latest project on the Bybit Launchpad, TAP FANTASY (TAP), is now live! Tap Fantasy is a free MMORPG blockchain game with over 200 characters equipped with different NFT panels, operating in a Play-to-Earn (P2E) model. Players can freely explore an open world and build their own metaverse!

Token Details

• Name: TAP
• Total Supply: 1,000,000,000 TAP
• Allocation for Bybit Launchpad: 7,500,000 TAP (0.75% of total supply)
• Individual Cap: 8,750 TAP
• Price: 1 TAP = $0.04 (Exchange rate between BIT and TAP will be determined at the start of the subscription period)
• Participation: Support for multiple subscription methods
• Token to Invest: BIT only

Participation Details

1. Asset Snapshot Period: From 12:00 AM (UTC) on February 17, 2022, to 11:59 PM (UTC) on February 21, 2022

During the five-day snapshot period, your average daily BIT balance in your spot account, ByFi account, and contract account will be automatically recorded through hourly snapshots. The BIT balance snapshot for the day will be updated at 3:00 AM (UTC) the next day. The 5-day average BIT balance in your spot account, ByFi account, and contract account will determine your BIT limit for investing in the Tap Fantasy (TAP) project. Deposit BIT now! Deposit BIT: https://www.bybit.com/user/assets/home. For more details, please read our Help Center article.

2. Subscription Period: From 3:30 AM to 10:59 AM (UTC) on February 22, 2022

During the subscription period, you must click "Invest Now" to invest a certain amount of BIT in the new project. Please note that the BIT you invest will be locked until the final distribution of TAP and cannot be transferred, withdrawn, or traded.

3. Distribution Time: From 11:00 AM to 11:59 AM (UTC) on February 22, 2022

The final TAP allocation = (Individual BIT amount invested / Total BIT amount invested by all participants) * Total TAP allocated to the project. Based on the final TAP allocation result, the corresponding BIT equivalent amount will be deducted from the individual invested amount, and the TAP allocated to the individual and the remaining BIT will be returned to the user's spot account. Please note that the maximum TAP allocation for users is 8,750, and any excess will be allocated to participants who have not reached the limit.

4. Listing Time

If the liquidity conditions are met, the new spot trading pair, TAP/USDT, will be available for trading at 12:00 PM (UTC) on February 22, 2022. Are you ready to invest in the project? Complete the following two steps now:

• Deposit or transfer BIT to your spot account
• Mark your calendar and remember the subscription period

Terms and Conditions

1. Completion of Level 1 identity verification is required to participate in the activity. Users from restricted regions are not eligible to participate. Log in to your Bybit account and complete the identity verification process.

2. During the snapshot period, your BIT balance in your spot account, ByFi account, and contract account will be considered. Please note that only BIT balances and those staked in Launchpool and Flexible Staking will be automatically included in the ByFi account snapshot. BIT staked in other products in the ByFi marketplace (e.g., Dual Currency Mining) are not included. The BIT balance snapshot for the day will be updated at 3:00 AM UTC the next day.

3. During the subscription period, if you have BIT staked in Launchpool and Flexible Staking, please go to "Orders & Trades" and cancel the staking in "ByFi Orders" and manually transfer it to your spot account. If you hold BIT in your ByFi account, please manually transfer the BIT to your spot account.

4. The minimum BIT investment amount is 50.

5. From 12:00 AM on February 17, 2022, to 11:59 PM on February 21, 2022 (UTC), the average daily BIT balance in your spot account, ByFi account, and contract account must be equal to or greater than 50 and rounded to the nearest whole number.

6. Sub-accounts are not eligible to participate. The BIT amount in sub-accounts will be counted under the main account.

7. Bybit reserves the right of final interpretation of this activity. If you have any questions, please contact our customer service team.

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