What is Realy Metaverse (REAL)? 6th project on Bybit Launchpad

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2021-12-05 19:53:14

Bybit Launchpad has announced the launch of the Realy Metaverse (REAL). Exchange will follow Launchpad registration format for REAL issuance, 5 days to record user BitDAO (BIT) balance in Spot account and ByFi account from 12:00 AM UTC May 5 December 2021 to 11:59 PM UTC on September 12, 2021.

What is Realy Metaverse (REAL)?

REALY is a decentralized NFT marketplace for New Luxury and Street Culture. By leveraging its extensive experience in Street Fashion and New Luxury, REALY aims to reach the crypto-currency Non-Fungible Token (NFT) community and bring real-world assets to Chain.

REALY securely uploads on-chain items by implanting and attaching an NFC chip (encrypted with its proprietary algorithm) to fashion items, granting them a globally unique ID using the technology. NFT technology. Since each NFT represents a physical preservation product, this integration provides an authentic solution for luxury collections on the one hand. On the other hand, it forms an interactive Luxury-Crypto community through innovative DeFi features such as lending and liquidity mining.

Main highlights

Surreal 3D Modeling: Surreal, seamless connection between the real and virtual worlds.

A combination of brutal and physical: Digital twins, one-to-one correspondence between virtual and real, global guardians.

Encrypted NFC Anti-counterfeiting: Proprietary encryption to prevent the NFC chip from being copied, ensuring safety and security.

Multi-chain smart contract: Ethereum, Solana, BSC, multi-chain smart contract, efficient circulation, public and transparent.

Tokens

  • Name: REAL
  • Total supply: 100,000,000 REAL
  • Total Allocation: 500,000 REAL (0.5% of total supply)
  • Limit per user: 500 REAL
  • Price: 1 REAL = 1 dollar (exchange rate between BIT and REAL will be confirmed when the subscription period starts)
  • Format: Support multiple registrations
  • Commit code: only BIT

How does it work?

During this 5 day period, the average daily BIT amount in your Spot Account and ByFi Account will be recorded via hourly snapshot. A snapshot of your BIT balance for the current day will be updated at 3:00 AM UTC the next day.

Registration period: 3:30 a.m. UTC on December 10, 2021 to 10:59 a.m. UTC on December 210, 2021

You must click on the “Commit Now” button to commit a certain amount of BIT to the new project during this registration period. Maximum. the amount of BIT you can commit depends on the average daily BIT balance in your Spot Account and ByFi Account over the 5-day snapshot period.

Please note that the amount of BIT you have committed will be locked and not accessible for transfer, withdrawal or trading until after the final REAL distribution.

Distribution Time: 11:00 am UTC on December 10, 2021 to 11:59 am UTC on December 10, 2021

Your final REAL allocation = (BIT amount you committed / total amount of BIT committed by all participants) * total REAL amount allocated to the project.

Based on your final REAL allocation, the corresponding amount of BIT will be deducted from your committed amount, while REAL allocation and remaining amount of BIT will be credited back to Spot Account your.

Listing: The new spot pair, REAL/USDT will be live for trades at 12:00 PM UTC on December 10, 2021.

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