bitSmiley is the first blockchain platform on Bitcoin that introduced native integration of lending and stablecoins based on its proprietary Fintegra technology, setting a new standard in decentralized finance.

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How to participate

Here's a step-by-step guide to participating in Bybit Spot X Launchpool projects.

Via the exchange website

1. Go to Bybit.com.

2. In the top menu, click on the "Trade" button, then "Spot X" and select the "Pool" section.

3. Then click "Register" to participate in the respective project. After successful registration, you can proceed to staking and start earning tokens for the selected project.

4. Staking funds must be in your funding account. Specify the desired amount, accept the terms and click "Confirm".

Read Launchpool FAQ

Via the Mobile App

1. Download the official exchange app Bybit.com.

2. In the main menu, click on the "More" button, where all exchange sections will be visible. Then find "Spot X" and select the "Pool" section.

3. Next, click "Register" to participate in the respective project. After successful registration, you can proceed to staking and start earning tokens for the selected project.

4. Funds for staking should be in your funding account. Specify the required amount, accept the terms, and click "Confirm".

Terms

Stake your funds and receive tokens for free.

During this period, stake USDT or MNT and get a share of the 2,100,000 SMILE pool for free!

To participate in staking on Bybit Pool KYC verification is required

The Bybit Pool system takes random hourly snapshots of each participant's staking amounts to calculate the daily average. The exact snapshot times are published after midnight UTC. Daily profits are calculated using the formula: staked amount (USDT/MNT) divided by the total amount in staking, multiplied by the SMILE prize pool. Rewards are automatically credited to funding accounts within a few hours after midnight UTC when reaching the minimum amount of $0.01 or equivalent.

New rules or updates in Launchpool:

• In the previous version of Launchpool, asset snapshots were taken once daily at 03:00 MSK. In the updated version, multiple random snapshots will be taken throughout the day. So you need to stake as soon as the pool opens.
• The reward distribution system has changed - instead of a two-day period after Launchpool ends, rewards will now be credited in one go 12 hours after completion.
• The list of staking assets has expanded. While previously you could only stake MNT, USDT, and the new project token, now some pools will include SOL, SUI, ETH, and BTC.
• Important improvement - Launchpool will now be conducted before token listing, allowing you to sell received tokens at the most favorable price on the first trading day.

Our participation

We're planning to participate with 4 accounts at the maximum limit in the USDT pool for $8,000. We'll share our results after the staking period ends. USDT pools are absolutely RISK-FREE!

Results

Staking in Bybit Pool with SMILE token has ended. We received 6 distributions, with 2000 USDT yielding 27 SMILE tokens, worth about $16 (at $0.6 per token in the first minutes of listing).

We participated from 4 accounts with maximum USDT, receiving a total of 108 SMILE, which is $64. The return was 0.8% for the period, quite modest of course, but it was completely RISK-FREE.