Bybit to list Land of Conquest’s token SLG
Bybit Launchpad 2.0 is a revamped platform for groundbreaking blockchain projects, with the full spot listing scheduled for July 19.
Bybit has announced it will list SLG, the governance token of play-to-earn game Land of Conquest, on Bybit Launchpad 2.0.
Land of Conquest is a play-to-earn Massive Multiplayer Online Simulated Life Game (MMOSLG) that takes place in an apocalyptic wasteland
Players can build their own bases, produce goods, train heroes, and battle other players’ characters as well as hostile NPCs and play the game together in a variety of semi-realistic ways as an MMO simulated life game.
SLG, the game’s native token, can be obtained through in-game and on-chain transactions. Bybit will host the initial exchange offering for SLG, which will be available on the Bybit Launchpad 2.0.
Bybit Launchpad 2.0 is a revamped platform for groundbreaking blockchain projects, with the full spot listing scheduled for July 19. The platform offers early access to tokens in the gaming space and users can commit BIT to subscribe to token allocations.
Users can also participate in Launchpad 2.0’s new lottery model, where they stake a nominal amount of Tether (USDT) for the chance to win allocations of new tokens.
The game is expected to launch in the fourth quarter of 2022, with the native token, SLG, to debut exclusively on Bybit. Bybit will also collaborate with Land of Conquest through its NFT marketplace, which will list the game’s first NFT mystery box on July 15.
Bybit launches USDC-settled options contract
Bybit has recently launched crypto options settled in USDC. The firm said that unlike Bitcoin-settled contracts, settling its options trading market in USDC allows for stable prices for the duration of each contract.
The new product addition will help traders take advantage of volatility, hedge risk and discover prices through options, which are generally simple and have no special or unusual features.
For investors interested in this new trading vehicle, USDC-settled options contract follows the European-style options, which may be exercised only at the expiration date of the option, i.e., at a single pre-defined point in time.
It can be traded through the portfolio margin, which adopts a risk based model for experienced traders, including market makers and institutional clients, to increase fund utilization based on the underlying price and volatility.