Bybit to list Land of Conquest’s token SLG

Rick Steves

Bybit Launchpad 2.0 is a revamped platform for groundbreaking blockchain projects, with the full spot listing scheduled for July 19.

Bybit

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.

Read this next

Institutional FX

Top 0.07%: oneZero makes it to Inc. 5000 of fastest growing companies in America

oneZero started out by serving the foreign exchange trading community, developing and executing technology that could scale with the growth of the FX market.

Industry News

CFTC wins case against broker for secretly taking other side of client orders in block trades

“As we said at the outset of this case, the illegal use of inside or confidential information undermines confidence in markets and will not be tolerated.”

Technology

BankiFi raises $4.8m to bring embedded banking platform to North America

“Our mission is to make all aspects of cash management and payments easier for SMBs everywhere, and this investment is another huge step to making that a reality.”

Executive Moves

Shieldpay hires ex-Payoneer Chris Andrews as Head of Sales

“We’ll be expanding our position in existing markets and accelerating growth into new verticals, whilst building on our direct and indirect channels.”

Digital Assets

Crypto.com secures preliminary approval to operate in Canada

Crypto.com, one of the longest-established crypto platforms, has become the first digital asset platform to sign a Pre-‘Registration Undertaking’ with the Ontario Securities Commission (OSC) in Canada.

Retail FX

CySEC hits IC Markets One with regulatory warning

The Cyprus Securities and Exchange Commission has once again stepped up its fight against unauthorized brokers.

Uncategorized

XTAGE now offers bitcoin and ether trading to 3.6M Brazilian investors

Brazilian financial services giant XP has officially launched its crypto trading platform XTAGE, which was built on major American stock exchange Nasdaq’s trading technology.

Institutional FX

FX volume drops 7pct at CLS Group in July 2022

FX settlement specialist CLS Group today reported that the executed volumes of currency trading on its platforms were notably down in July.

Digital Assets

Web3 startup PIP integrates with Binance ecosystem

Web3 payment provider PIP has announced integration with the Binance ecosystem, which allows the firm to vastly develop and propose needed products and improvements that are worthy of competing with others chains.

<