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Param Labs is an independent game and technology development studio specializing in multiplayer blockchain games, AAA design, and innovative technology development. PARAM serves as its utility token.
Project Website | Whitepaper | Twitter | Discord | CoinMarketCap | Rules
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How to participate
Here's a step-by-step guide to participating in Bybit Spot X Launchpool projects.
Terms
Stake your funds and get tokens for free.
During this period, stake PARAM, USDT or MNT to get a share of the 20,000,000 PARAM prize pool!
To participate in staking on the Bybit Pool you need to complete KYC Level 1 verification
- Total Rewards: 6,000,000 PARAM
- Minimum Stake: 200 PARAM
- Maximum Stake: 30,000 PARAM
- Total Rewards: 4,000,000 PARAM
- Minimum Stake: 100 MNT
- Maximum Stake: 5,000 MNT
- Total Rewards: 10,000,000 PARAM
- Minimum Stake: 100 USDT
- Maximum Stake: 2000 USDT
Daily Yield = [(PARAM, USDT or MNT staked amount) / (Total PARAM, USDT or MNT staked by all participants)] x (Daily PARAM Prize Pool)
Daily yield will be calculated from the next day (T+1) after staking PARAM, USDT or MNT. The calculated yield will be automatically credited to your funding account the day after the calculation period (T+2). Yield information will be updated daily at 03:00 AM MSK.
Our participation
We'll be entering the USDT pool with the maximum limit of $8,000 from 4 of our accounts. After the staking period ends, we'll share our results. The USDT pools are COMPLETELY risk-free!
It's not necessary to withdraw the deposit early. The staking history will show the auto-redemption date, and after the pool closes, you'll receive additional rewards for those days. The yield will be higher than it was during the active period, as some participants withdraw early.
Our results
Staking in Bybit Pool with PARAM token has ended. We received 8 distributions, from 2000 USDT we got 202 PARAM coins, which is worth about $12.5 today (at $0.062 rate as of 06/07/2024).
We participated from 4 accounts with maximum USDT, receiving a total of 808 PARAM, that's $50 (0.6% return on deposit for the pool duration). It's not much, but it was completely RISK-FREE. In the general crypto events table, where the result column shows amount in $ = profit has been locked in, where it shows tokens = we're still holding.
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