Leading cryptocurrency trading platform Bybit today announced that it will list the inaugural BloxVerse platform token OBX on Bybit Launchpad 2.0.
Bybit to List OBX on Bybit Launchpad 2.0
For the uninitiated, OpenBlox is an EVM-based NFT gaming and web3 platform geared toward play-and-earn/move-and-earn and IP branding.
Bybit will host the initial exchange offering (IEO) for OpenBlox’s OBX token. The IEO will be available on the Bybit Launchpad 2.0 which was recently revamped to enable investors to participate in ground-breaking blockchain projects during their early stages.
Bybit will list OBX token spot trading pairs on June 30, the announcement reads.
How to Participate in the IEO?
Notably, Bybit users can commit their BIT tokens to subscribe to OBX token allocations. They can also participate in Launchpad 2.0’s new lottery model where users stake a nominal amount of Tether (USDT) for the chance to win allocations of new tokens. Besides, users can buy the best-performing tokens from previous listings via the Launchpad.
For those not in the know, OpenBlox was launched in 2021 and has attracted investment from some of the top investors such as Yusaku Maezawa, who made his first web3 investment with the project, as well as a devoted community following its initial launch.
RunBlox, a lifestyle app and OpenBlox’s first web3 venture that has witnessed tremendous adoption from users while still in beta testing is the latest addition to the rapidly developing blockchain gaming ecosystem.
OBX’s listing on Bybit is a testimony to OpenBlox’s resounding success in a relatively short period. In 2022, OpenBlox closed a $4 million seed and private round launched RunBlox and saw tremendous growth in Japan and Korea as the Asia-Pacific region became the primary cohort of OpenBlox users.
Similarly, Bybit Launchpad 2.0 has cemented itself as the go-to platform for promising crypto projects. The launchpad gives users early access to some of the most sought-after tokens in the space.
In recent news, Bybit announced the launch of the Grid Trading Bot for registered users, enabling them to implement the Grid Trading strategy efficiently and autonomously.