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We're excited to announce that our latest Launchpad project, Made in Brazil (MIBR), is now live!

MIBR is the official Fan Token of the MIBR esports team and is powered by Chiliz. A leading esports brand in Brazil, MIBR is represented in all major world esports competitions and currently holds six teams: CS:GO Male and Female; Valorant Male and Female; Rainbow Six Siege and Free Fire.

You can either commit BIT to subscribe to token allocation or commit USDT to win an allocation of the project token. Please note that you can't participate in both events at the same time.                            

1. Snapshot Period: Sep 22, 2022, 12AM (midnight) UTC – Sep 26, 2022, 11:59PM UTC

If you'd like to subscribe to token allocation: Your daily average balance of BIT must be equal to or greater than 50 BIT during this period, and it will determine the maximum allocation of MIBR you can access.                                                                                                                                                                                                                                                                                                                                                                                                               

If you'd like to participate in the lottery: Your daily average wallet balance of USDT must be equal to or greater than 100 USDT during this period.                                                                                                                 

Over this period, the balance in your Spot Account, Earn Account and Derivatives Account will be recorded through hourly snapshots. For the Earn Account, your balance and USDT or BIT staked in the Launchpool and Bybit Savings will be counted in the snapshot. USDT or BIT staked in other products on Bybit Earn (e.g., Dual Asset) will not be included. Your daily average balance snapshot for the current day will be updated at 3:00AM UTC on the next day. For more about the daily average balance, please visit our 

2. Subscription Period: Sep 27, 2022, 3:30AM – 10:59AM UTC 

If you've chosen the subscription: You must click on the 

 to commit a certain amount of BIT during this period. The minimum amount required is 50 BIT. You can subscribe multiple times.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

If you've chosen the lottery: You must click on the 

 to commit 100 USDT for a lottery ticket. Each participant can only subscribe for one ticket.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

For each lottery draw, a certain number of winning tickets will be issued. The probability of winning = Total number of winning tickets/Total number of lottery participants for this Launchpad project * 100%.   

The BIT or USDT you've committed will be locked, and cannot be accessed for transfers, withdrawals or trading until after the final distribution of the project token.         

3. Distribution Period: Sep 27, 2022, 11AM – 11:59AM UTC

For token allocation subscribers: Your final MIBR allocation = (Amount of BIT you've committed/Total amount of BIT committed by all participants) * Total amount of MIBR allocated for the project. 

Based on your final MIBR allocation result, the corresponding BIT equivalent will be deducted from your committed amount, while your MIBR allocation and the remaining BIT will be credited to your Spot Account. 

Please note that the maximum amount of MIBR you can receive is capped at 400 MIBR. The amount that exceeds that limit will be allocated to participants who haven't reached this cap yet.                                                                                                         

For lottery ticket holders: If you win, you'll receive 7.5 MIBR and the remaining amount of USDT committed will be credited back to your Spot Account. If you don't win, the 100 USDT you've committed will be credited back to your Spot Account.                                                                                                                                                                                                                                                                      

The MIBR/USDT Spot pair will be live for trades on Sep 27, 2022, 12PM (noon) UTC, if liquidity conditions are met.          

Deposits and withdrawals of MIBR will be supported from Sep 27, 2022, 12PM UTC and Sep 28, 2022, 10AM UTC, respectively.

From Sep 27, 2022, 12PM (noon) UTC – Oct 7, 2022, 12PM (noon) UTC, traders who purchase at least 400 MIBR on Bybit will earn a cut from the 9,000 MIBR prize pool.

Note: Only users who have yet to make their first trades in Spot are eligible.

From Sep 16, 2022, 10AM UTC – Sep 26, 2022, 11:59PM UTC, new VIP traders who hold BIT and have successfully participated in the Launchpad will earn a share of the 2,000 MIBR prize pool.

Buy and Hold a WSOT NFT & Win MIBR Bonuses:

From Sep 22, 2022, 12AM UTC to Sep 26, 11:59PM UTC, traders who have successfully participated in the Launchpad, then buy and hold one (1) WSOT NFT will share a bonus pool of 1,000 MIBR!

Ready to gear up for the project? Here are two things you can do right now:

1. Deposit or transfer BIT or USDT into your Bybit account.

2. Mark your calendar and get ready for the launch 🚀 

Made in Brazil (MIBR) on Bybit Launchpad: Now Live

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