Leading Cryptocurrency Exchange Bybit to Host the IEO for DEFY

On August 15, Bybit is all set to host the initial exchange offering for DEFY, which will be available on the Bybit Launchpad 2.0

Bybit is one of the fastest-growing cryptocurrency exchanges in the world that is ready to host IEO for DEFY, on Bybit Launchpad 2.0. DEFY is a play-and-earn NFT Blockchain mobile game. Immersing players in a metaverse that bridges the virtual and physical worlds, DEFY fuses hyper casual code-breaking gameplay, with real-world exploration with augmented reality (AR) adventures. Users can find out more about the game here that is challenging expectations on where the boundaries of reality exist.

Play-to-earn games (P2E) do what traditional video games don't — reward players for their time and effort spent in the game. Each game offers a unique way for players to be rewarded for their in-game activity. This reward can be in the form of cryptocurrency, a non-fungible token (NFT), or an increase in value to a player's existing NFT. Some P2E games will require an initial investment, while others are free to play.

On August 15, Bybit is all set to host the initial exchange offering for DEFY, which will be available on the Bybit Launchpad 2.0, a revamped platform for groundbreaking blockchain projects.

The DEFY token is a utility token that is key in letting users acquire in-game assets, interact with other users, and enhance their effectiveness as operatives in the game. Ordinarily, users can redeem DEFY tokens with FCOINS (in-game currency) accumulated through in-game achievements or purchased on Bybit Launchpad 2.0.

DEFY joins a list of web3 initiatives debuting on Bybit's intuitive platform for promising crypto projects. Bybit Launchpad 2.0 gives users early access to some of the most sought-after tokens in the space. Bybit users can commit BIT to subscribe to token allocations or participate in Launchpad 2.0's new lottery model where users stake a nominal amount of Tether (USDT) for the chance to win allocations of new tokens. Users can also buy the best-performing tokens from previous listings via Launchpad.

Playing to earn crypto games combines fun and all the benefits of holding cryptocurrency. Each of them is easy to play but demands learning and practicing to become a better player. Games allow earning tokens, winning awards, and trading tokens with other currencies among players. However, the best game is one that completely fits you. The key features are easy to access, the simple but creative game's nature, and the worth of the tokens. Knowing all, you can list your own best play to earn crypto games.

ByBit is a Magical trading platform

ByBit is a next-level cryptocurrency exchange that combines trading, earning, and learning all in one. ByBit has built up an NFT platform in addition to a variety of yield options under the Earn section. The company also offers a launchpad and early access to new tokens, as well as several unorthodox services like trading bots.

ByBit, at its best, only provides up to 100x on BTCUSDT tier 1 margin requirements. ByBit has a complicated margin requirement system and is lacking in terms of power across other cryptocurrencies. At roughly half of what PrimeXBT offers, ByBit falls short of the bar set by its peers. Also, ByBit only provides exposure to cryptocurrencies. 

There is more to ByBit

Bybit Launchpool

Bybit Launchpool allows you to stake and earn tokens for free. The tokens you've staked can be unstacked anytime.

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.

Shark Fin

Bybit's Shark Fin is a principal-guaranteed product that allows you to capitalize on the expansion and contraction of volatility for a chosen crypto asset. If the price of the underlying asset is confined within the preset price range on the settlement date, you'll earn an enhanced yield. If the price of the underlying asset exceeds or is equal to, the preset price range during the subscription period, you may still make a profit.

Bybit Shark Fin offers investors easy access to earn high yields even in a low-interest environment. The Bullish or Bearish Shark Fin helps investors earn interest based on the product's settlement price and the pre-defined price range upon maturation date.