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Monster Galaxy Play 2 Earn (GGM) is the Next Bybit Launchpad Project

By January 12, 2022 No Comments

Key highlights: 

  • Monster Galaxy Play 2 Earn is a blockchain-powered mobile game that allows players to earn crypto rewards and collect NFTs
  • The Monster Galaxy Team aims to raise $250,000 in the public sale of 10 million GGM tokens
  • Bybit will begin recording users BIT balances on January 13 at 00:00 UTC
  • Kasta, the last project to be featured on Bybit Launchpad is currently trading more than 2,200% above its IEO price

Bybit, one of the leading digital assets trading platforms, has announced its ninth Launchpad project, less than a week after the Kasta IEO ended. Bybit users will be able to participate in the initial exchange offering (IEO) of Monster Galaxy (GGM) with their BitDAO (BIT) funds. The Monster Galaxy team aims to raise $250,000 in the public sale of 10 million GGM tokens, at an initial IEO price of $0.025. 

Monster Galaxy is the ninth token sale on Bybit’s launchpad; the last project, Kasta, is currently trading at 22x its IEO price

Monster Galaxy is a Play-to-Earn (P2E) mobile video game inspired by fan-favorite classics such as Pokemon and Moster Hunter. The digital world of Monster Galaxy is home to user-controlled monsters called Mogas that can be traded among players in the form of non-fungible tokens (NFTs). In addition to digital collectibles, players can earn the game’s native GGM token and use it to buy in-game items and participate in exclusive events. The game is slated for a beta release in February, with a full launch planned for March.

The Monster Galaxy team has allocated 1% of the total GGM supply of 1 billion tokens for the IEO and is aiming to raise $250,000 million through public sale. Bybit has set a hard cap per user to 14,000 GGM ($350) to avoid potential price manipulation from wealthy investors.

Monster Galaxy on Bybit Launchpad – How to Invest in GGM IEO?

Bybit will start recording user BIT balances on January 13 at 00:00 UTC. During the 4-day snapshot period, Bybit will be taking hourly snapshots of user BIT balances to determine the maximum amount of funds a user can commit during the subscription period that commences on January 18 at 03:30 UTC. Users who will have a recorded daily average amount of at least 50 BIT in their account will be eligible to participate in the public sale.

Bybit is rapidly increasing the pace at which new Launhcapd projects are getting featured on the site. In the four months since its token launch site debuted, Bybit has already featured nine projects, with the first one being the exchange’s own BIT token.

Kasta (KASTA) was the last token sale on Bybit, with the final distribution period ending on January 5. KASTA debuted on Bybit to a warm welcome – the token is currently changing hands more than 2,300% above its initial IEO price.

Here are the returns of the last five projects launched on Bybit’s launchpad platform:

Launchpad ProjectROI (expressed in USD)
izumi Finance1.9x
Symbiosis Finance5.4x
*Data collected on January 12, 2022 at 18:00 UTC.