The Velar project has introduced an automated market maker (AMM) based on Uniswap V2 for the Bitcoin blockchain for the first time. This mechanism offers users a reliable way to trade and the immutability of Bitcoin transactions. Velar launched the first decentralized perpetual derivatives exchange (PerpDex) on Bitcoin. It allows trading various assets with leverage, using BTC as collateral, and conducting transactions without intermediaries in Bitcoin's immutable environment. The Velar protocol has demonstrated active user engagement in the Dharma test network, setting a global record for participation at the testing stage among all Bitcoin-based DeFi applications. Velar plans to continue expanding the range of DeFi services across various Bitcoin L2 solutions.

• Token: VELAR
• Price: 1 VELAR = 0.03 USDT
• Allocated for Bybit Launchpad: 8,000,000 VELAR
• MNT Pool: 4,000,000 VELAR (subscriber limit: 300 USD = 10,000 VELAR)
• USDT Giveaway: 4,000,000 VELAR (per user: 12 USDT = 400 VELAR, winning tickets: 10,000)

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How to participate

Here is a step-by-step guide on participating in Bybit Spot X Launchpad projects.

Terms

Gain early access to tokens. You can use MNT for subscription or USDT for the giveaway!

Launchpad Schedule

Our participation

We are interested in distribution in USDT, as there are almost no risks involved, just minor expenses for commissions. Subscribing in MNT is recommended only for holders of this coin. Suppose you have 1 winning ticket, in exchange you will receive 400 VELAR tokens at a rate of $0.03, your expenses will be 12 USDT. After the listing, you sell your coins, usually at several multiples more, or you can hold onto them further.

Throughout the snapshot period, you need to maintain a balance of at least 100 USDT + you can trade on spot to get more tickets. During this time, accumulate a trading volume of 5K USDT or maintain a balance of at least 1K USDT in assets to get 2 tickets, accumulate a trading volume of 25K USDT or maintain a balance of at least 10K USDT in assets to get 3 tickets. Lifehack: How to easily and quickly achieve trading volume with a small amount? Read in the section How to participate.

During the subscription period, you need to go to the launchpad page and subscribe – click the “Lock in” button. The fact that you get tickets does not guarantee your ticket will win, meaning it's not certain you'll get an allocation – it will be random. If you don't win, you lose nothing.

We will be making a trading volume of 25K USDT on 4 accounts to receive 3 tickets each, you can simply maintain a balance of at least 100 USDT and get 1 ticket. Good luck to everyone!

Our results

Someday, luck will be on our side :), 0 out of 12 tickets (we made 4 accounts with 3 tickets each)😥. But our editor got lucky with 1 out of 2🤑.

What profit could one get from a winning ticket? The cost was 12 USDT for 400 VELAR, selling was possible at around $0.37, totaling $150 (more than 10x).