To be eligible for ticket distribution, your daily average token balance for holding (MNT or USDT) during the snapshot period must be equal to or exceed the minimum threshold amount.

During the snapshot period, your MNT or USDT balance will be counted across your spot, derivative accounts, and funding account (or Unified Trading and Inverse Derivative Account).

During the snapshot period, daily snapshots will be taken of your accumulated trading volume from spot trading, spot copy trading, grid bots, DCA bots, leveraged tokens, and spot margin trading. All buy and sell transactions will be counted. For USDT-denominated pairs, trading volume is calculated as the sum of all order values for each executed USDT order. For non-USDT denominated pairs, trading volume will be converted to USDT at the current day's closing price. Note that derivative trading volume is not counted.

Daily average balance and trading volume data for the current day will be updated at 06:00 MSK the following day. Due to significant calculation volume, daily average balance updates may be delayed.

To participate in the event, you must complete KYC Level 1 verification or corporate verification. Users from unsupported countries/regions cannot participate in this event.

Sub-accounts are not eligible to participate in the event. Balance or trading volume on sub-accounts is counted towards the main account.

You can choose between two (2) events and click 'Lock' to participate in one of them during the subscription period.

Locked tokens will be frozen. They cannot be used for transfers, withdrawals, or trading until the final XTER distribution is complete.

To lock MNT or USDT staked in Bybit Pool or Flexible Savings, withdraw funds from staking on the 'Orders' — 'Earn order' page and manually transfer them to your funding account. If you hold MNT or USDT in spot or derivative accounts (or Unified Trading and Inverse Derivative Accounts), they must be manually transferred to the funding account.

With available funding account balance, you can subscribe for distribution or ticket allocation.

For users participating in token subscription: Final XTER distribution amount = (your locked token amount / total token amount locked by all participants) * total XTER amount allocated for Launchpad. Please note that the maximum XTER amount you can receive is 7500. Any tokens above this amount will be distributed among participants who haven't reached the limit. Based on the final XTER distribution result, the corresponding locked token amount will be deducted from your locked amount, and the remaining locked token amount will be credited to your funding account. Simultaneously, your distributed XTER will be credited to your spot account (or Unified Trading Account if you've switched to it).

For users participating in the raffle: Each winner will receive 375 XTER, and the allocated XTER amount will be credited to your spot account (or Unified Trading Account if you've switched to it). Any remaining locked tokens, if any, will be credited back to the funding account. Participants who didn't win the distribution will receive their entire contribution back.

The new token will be listed on Bybit's spot platform at 2025-01-08 13:00 MSK, subject to liquidity conditions being met.