Hooked Protocol aims to onboard new users into the web3 movement through a streamlined and gamified learning experience that provides the necessary incentives to drive crypto adoption.

Considering how big the market values of Bitcoin and other 

 have become, there’s still a massive void in the adoption of the innovative solutions provided by blockchain technology. Further, the masses are still in the dark about the intrinsic value of a 

 economic model and don’t feel incentivized to learn about its potential benefits.

However, Hooked Protocol could change that.

Hooked hopes to attract more people into the crypto space and help them adopt web3 solutions by leveraging 

 where they earn for learning various crypto concepts.

Hooked Protocol is a crypto project building an on-ramp layer to onboard new users into the web3 movement through a streamlined and gamified learning experience that provides the necessary incentives to drive crypto adoption.

Inspired by the Learn and Earn concept that has become popular around the crypto circles, Hooked aims to attract new users to web3 through interactive and experience-based learning. Similar to 

, Hooked’s innovative web3 education platform incorporates classic web3 mechanics to link developers and contributors with a largely untapped audience.

Other than incentivized learning, Hooked is building various onboarding solutions to help businesses and the community transition into web3. The web3 onboarding combo includes a user-friendly 

 (DApps) infrastructure to build and secure web3 digital assets.

Powered by a dual-token mechanism consisting of HOOK and HGT (Hooked Gold Token), the Hooked Protocol has an advanced tokenomics structure designed to facilitate common use case functions by its community.

To achieve its mission of empowering people to adopt web3, Hooked Protocol uses an incentivized education system with gamified learning features and a vibrant 

. Its wholesome approach is structured as follows:

The Hooked Protocol has adopted an innovative education methodology that’s both immersive and inquisitive to encourage web3 learning. The Hooked Academy allows users to easily engage with crypto concepts such as 

 (NFTs) and GameFi through its games and videos.

The learning portal also leverages the concept of community-formed fun-filled 

 (DAOs) to reduce the learning curve for new users and enrich the overall learning experience.

Rewards are a simple yet effective way to encourage adoption. Hooked Protocol has created Wild Cash, a Learn and Earn DApp that features:

As a gateway to web3, Hooked provides a suite of onboarding solutions to ensure a smooth transition into web3. Through its Hooked Soulbound Token (Hooked SBT), new users acquire a digital identity that’s unique and exclusive to the platform’s community. Members also get access to the Hooked Wallet which provides members with a user-friendly interface to maneuver and orient with web3 transactions.

Hooked Protocol Token Uses (HOOK And HGT)

Hooked Protocol’s token structure consists of two tokens; HOOK and HGT. The primary token on the platform is HOOK which is supplemented by HGT, an in-house-only 

The dual-token structure is designed to enhance liquidity, increase utility and ensure the long-term sustainability of the Hooked ecosystem.

As the utility and governance token for Hooked, the HOOK token has the following use cases:

On the other hand, the utility token HGT is issued based on how many tasks one has accomplished. Possessing an infinite supply, it's used only within the Hooked ecosystem in the following ways:

HOOK was launched on Dec 1, 2022 at $2.13 and has remained bullish ever since. Before its release, over 114,000 investors had committed to purchasing HOOK during the subscription period.

A few weeks after launch, Hooked Protocol price dropped slightly, hitting a low of $1.09 on Dec 28, 2022. However, HOOK price has recovered remarkably well where it has risen by around 

% in a month to hit a high of $3.81 on Jan 28, 2023. As of the time of writing (Feb 1, 2023), Hook is priced at $3.17 with a 24-hour trading volume of $114,891,541.

While HOOK may be young in the market and its current market cap and circulating supply remain unknown, crypto price prediction experts seem bullish about the token. 

, HOOK could exceed $10 in 2025 and rise to 

 share similar bullish sentiments where they predict that HOOK could hit a maximum price of 

Hooked Protocol has performed well thus far and is focused on onboarding the masses into the web3 sphere. By the end of 2022, its 

 already had over two million monthly active users.  

That said, the above isn’t financial advice and we highly recommend that you do your research to understand more about Hooked Protocol before investing.

You can buy Hooked Protocol tokens on trading exchanges such as Bybit, Gate.io and Binance. 

 Spot Trading pair. You can also trade HOOK through Bybit’s 

Hooked Protocol’s approach to driving crypto and web3 adoption through gamified learning has been overall successful. In 2023, the platform intends to bring more diversified products to the crypto community, build on its SocialFi system and maximize resources to ensure it develops in a self-sustainable ecosystem.

With an ambitious global expansion strategy and a focus on building an enriched content-learning platform, Hooked Protocol is set to leave a mark in the expansive web3 community.

Beginner

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Hooked Protocol (HOOK): Play, Learn, and Earn Crypto

AI has been dominating the headlines. But did you know AI is slowly revolutionizing crypto too? Here's what you can invest now. 

The hugely popular software from OpenAI with ChatGPT chatbox has dominated the headlines on how artificial intelligence (AI) technology revolutionizes how we digest information. Rumors are that Silicon Valley, like Microsoft, is planning to 

 into the project, which only means AI is here to stay. 

Part of the reasons AI has garnered attention is mainly for its ability to help us solve complex problems in unconventional ways and eliminate mundane tasks. It can also help us make better decisions by leveraging data more effectively than humans ever could. As AI continues to evolve, it only opens up newer possibilities for businesses and individuals to grow. 

, the potential is imminent. It analyzes patterns in blockchain data and detects suspicious activities, helping reduce fraud and money laundering. Using AI in confidential 

 ensures that transactions comply with predefined rules. And AI also uses predictive analytics to better forecast cryptocurrency market trends and prices.

Let's understand how blockchain and crypto incorporate AI. 

How Is AI Crypto Different from Other Crypto Coins?

AI cryptocurrency differs from other crypto coins in several ways, mainly with its utility. First, AI coins usually have a built-in AI platform that allows users to create and use AI-powered applications.

Users can develop and use advanced algorithms to make better investment decisions, manage their crypto assets more efficiently and even automate trading.

Since AI crypto coins utilize blockchain technology, they are less susceptible to malicious attacks. Besides, AI crypto can be used on a decentralized marketplace and network that allow users to buy and sell tokens directly on the blockchain without relying on third parties. It also has a unique system that rewards users for their contributions to the network.

While AI crypto coins are relatively new to the trading world, they are gaining traction among investors. 

Top 5 Artificial Intelligence (AI) Cryptocurrencies

Cryptocurrency investing is gaining popularity with investors at a rapid pace. These are the five best AI crypto coins to invest in: 

Ocean is an open-source protocol that allows individuals and businesses to exchange and monetize data. It also provides data-based services with a way to transact easily with both customers and vendors.

The protocol provides a secure and transparent way to create, store and manage data-based services. It also enables developers to build applications that leverage its many features.

Ocean Protocol allows users to securely access data from multiple sources, including public and private data repositories. It also provides a marketplace for data owners and buyers to securely buy, sell or trade data assets.

Further, it offers tools for analyzing large datasets and creating predictive models. The protocol is designed to be privacy-preserving, allowing users to control who has access to their data while still allowing them to benefit from it.

: The coin's current price refers to the current trading price as of the article's published date. 

 is an open-access blockchain network that utilizes decentralized AI and machine learning. It enables the growth and development of the digital economy with limited human involvement.

Fetch.ai features a decentralized economy of agents, data, services and digital assets that can interact with each other to find, negotiate and execute services. Fetch.ai's native token (FET) incentivizes network participants, facilitates transactions, and rewards miners for validating new blocks on the blockchain.

The platform also provides developers with tools to build autonomous agents that can interact with the network. As a result, Fetch.ai can optimize smart homes, supply chains, transportation and other sectors.

SingularityNET is an open-source protocol and collection of smart contracts for a decentralized network of coordinated AI services.

It allows developers to monetize AI services on a distributed network, using the Ethereum blockchain and tokenized incentives to coordinate the various stakeholders involved. The goal is to create an environment where AI services are easy to develop, share and integrate into applications.

SingularityNET enables developers to build AI applications that interact with other network applications. This synergistic environment creates an efficient marketplace where developers can easily find, buy or sell AI services.

Providing access to a vast array of AI algorithms and data sources makes it easier for developers to create powerful applications that leverage the full potential of machine learning.

SingularityNET enables organizations to coordinate the development of complex multi-agent systems in a secure and trusted way.

DeepBrain Chain is a high-performance computing network that can scale infinitely. It employs a distributed AI computing platform built on a blockchain, which allows for the secure, private and cost-effective use of AI capabilities.

The platform enables AI developers to rent out computing power from other users on the network and pay for it with DBC tokens. This model significantly reduces the cost of running AI applications, making it more affordable for businesses.

Large corporations have used DeepBrain Chain to develop cloud-based games, semiconductor simulations and pharmaceuticals.

DeepBrain Chain also provides a privacy layer to ensure that no one can share sensitive data without permission.

 is software that resembles a hedge fund portfolio management and trading platform. A blockchain-based token called Numeraire (NMR) powers it, which allows users to pay for services directly on the platform. It also incentivizes people to participate in its activities.

The NMR token is built on the Ethereum blockchain and is used to reward traders for predicting market movements correctly.

Numerai makes it easier for hedge funds and other financial institutions to access sophisticated trading strategies without investing in expensive infrastructure or hiring specialized personnel.

Numerai provides two applications for its traders:

Are There Any AI Bots for Crypto Trading?

Automation and insights play a vital role in AI crypto trading. As with AI trading, investors use 

 to buy and sell positions to capitalize on market fluctuations, which humans tend to miss.

AI trading bots can be a good option for beginners if used correctly. You do not have to spend countless hours studying charts. Instead, they allow you to utilize profitable strategies without analyzing every nuance of the markets.

For this reason, AI cryptocurrency trading bots have become popular in recent years.

Here are a few examples of the leading ones:

For those traders who don't have time to sit at the computer for endless hours, there's Mizar. It offers a crypto trading platform that automates, optimizes, and manages trades with a mouse click.

Mizar uses AI-based algorithms to analyze the markets and generate trading signals. It also has built-in tools for 

The platform is suitable for both beginner and advanced traders, as it has both manual and automated trading capabilities.

Bitsgap is another excellent choice. It allows traders to place algorithmic orders and offers free portfolio management. There's also a free demo mode to test various strategies before committing to the bot.

It supports multiple crypto exchanges, and you can set up your trading strategies or use pre-made ones. You can also customize the parameters for each system and create your custom trading bot.

The platform offers a marketplace to buy and sell bots and other features, such as portfolio tracking and analytics.

HaasOnline features a comprehensive platform for automated cryptocurrency trading. Its features include 

, portfolio management and risk management capabilities.

The platform is also integrated with several popular exchanges and provides access to over 100 different cryptocurrencies.

HaasOnline features an intuitive user interface and powerful analytics tools to help traders make informed decisions about their trades.

The platform is ideal for traders looking for an easy way to trade digital assets.

Cryptohopper is one of the best AI cryptocurrency trading bots available. It works with various exchanges, including popular ones such as Bybit, Binance, KuCoin and Coinbase Pro.

The bot allows you to customize your trading strategies and create your own trading signals, allowing you to trade on your terms. Additionally, it has an intuitive dashboard that makes it easy for users to keep track of their trades and monitor their portfolio performance.

Cryptohopper also has an active community of traders who share tips and strategies for using the bot most effectively.

The answer to this question depends on your financial goals and risk tolerance. AI cryptocurrency is relatively new, so there is potential for significant growth in its value. Still, as with any investment, there is also the possibility for losses.

For one thing, implementing cryptocurrencies into your portfolio requires specialized skills and a great deal of patience. In addition, trading models are often more complex than stock investing.

With that said, AI algorithms, big data processing and machine learning make it easier, especially for beginners. The tech-driven tools that are now available can level the playing field for the small retail trader. Additionally, using AI and blockchain technology can keep it safe from hackers.

However, before investing in any AI crypto projects or cryptocurrency, it is crucial to 

 and consider all the risks associated with investing.

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5 Best Artificial Intelligence (AI) Crypto Coins To Invest In

Web3Camp is an all-new Quiz to Earn web3 project that builds upon the popularity of the successful Learn and Earn concept. Find out more about it here.

From relying on the power of artificial intelligence to ensuring a permissionless World Wide Web that is open for all users, the concept of 

 can often seem appealing to anyone in favor of concepts like privacy and decentralization. Unfortunately for those keen to learn about the concept of web3, the information available tends to be fragmented as web3 experts and enthusiasts are divided when it comes to exact definitions and existing educational material. That’s where one particularly exciting web3 project known as 

 comes in; it incorporates its special form of gamification into the education and learning process.

Web3Camp seeks to ensure that anyone interested in web3 can immediately learn about it. The project also aims to help these individuals successfully enter the web3 space. Keen to learn how projects like Web3Camp attempt to achieve this? Scroll on as we cover all you need to know about Web3Camp’s unique take on gamified learning experiences and how investors bullish for this project can support it by investing in their 3P governance tokens on Bybit.

Web3Camp is an all-new Quiz to Earn web3 project that builds upon the popularity of the successful Learn and Earn concept. By focusing on the incentivization and gamification aspect of web3 education, both content contributors and users can benefit from this unique and interactive learning platform.

Before we delve deeper into the overall mechanics of Web3Camp, it’s important to first understand what the project seeks to resolve. When looking at web3 as a whole, two key issues seem to plague the space. 

Firstly, newer users who may be keen to learn about the various concepts of web3 find themselves unable to overcome key barriers to entry. From unintuitive web3 user experiences to a general lack of understanding of web3’s utility, many users fail to realize the inherent value of it. This ultimately deters widespread adoption as the average user finds it hard to comprehend, much less take a genuine interest in web3. 

Secondly, while there are plenty of web3 contributors churning out useful content, it can be hard to connect these contributors with the right audience. This stagnant growth may burn out web3 contributors in the long run, which leads to a drought of high-quality educational content for audiences to enjoy.

While these problems are common in any new form of early stage technology, Web3Camp provides the answer to the problems in the form of its gamified web3 experience. Through this system, users will be incentivized to push past industry barriers as they’re rewarded for their learning efforts. Also, content creators will be able to generate a sturdy flow of income as they’re rewarded for their premium content contributions through the Patronship system. 

To overcome the issue of educating users interested in web3 in a fragmented manner, the team intends to tackle web3 education through its customized interactive experience. Thanks to its team of experienced individuals from the TradFi, 

 space, Web3Camp promises to build its Quiz to Earn ecosystem from the ground up with user experience, incentivization and ease of onboarding in mind.

As the main draw of Web3Camp, the Quiz to Earn ecosystem will be the backbone of the platform when considering user interactions and engagement. Proof of knowledge is Web3Camp's main mechanic for rewarding platform participants. While it differs from the terminology often seen in computation, it follows a similar concept.  When interacting with the quiz, users have to convince the quiz infrastructure that they do indeed have knowledge of the subject matter in order to be rewarded.

To prevent peer-to-peer cheating, each quiz will randomly select questions so repeat questions are avoided. Also, Web3Camp rewards quiz participants based on the perceived difficulty, meaning more knowledgeable web3 users can go ahead with taking on tougher questions in order to reap more rewards.

Web3Camp’s Quiz to Earn ecosystem can be broken down into three core mechanics that highlight how the project works:

These mechanics ultimately extend to its array of features that focus on community growth and user freedom. 

, here’s everything you’ll need to know about Web3Camp’s features.

While much of the Web3Camp discussion has mostly revolved around incentivizing users to engage in the content available on the platform, not much has been said about how content creators and contributors will be rewarded for their hard work. That's where 

To incentivize knowledge sharing and expertise in the web3 space, the Patronship is introduced so content contributors will be encouraged to go one step further when it comes to engaging users with their premium members-only content. Creators can then strategize and decide the proportion of free and Patronship specific content to produce at their discretion.

The learning content available on Web3Camp taps upon user-generated content. This ultimately means the platform will have an unlimited source of rich web3-related content as long as contributors stay engaged with Web3Camp. The sky's the limit as creators can feature everything from web3 updates to investing news as Web3Camp welcomes content in both audio and visual forms.

A feature that's in line with Web3Camp’s vision of easy onboarding for new users is its 

 function. By fully integrating it within the Web3Camp app instead of relying on 

 like MetaMask, users can conveniently manage their assets in a decentralized manner. 

, the team has also included easy-to-understand tutorials for users to follow along when using Web3Camp’s integrated wallet. With this feature, all subscriptions and payments on the platform will be decentralized and managed by smart contracts. In addition to contributing to Web3Camp’s decentralized goal, the noncustodial wallets also help to make transactions more transparent.

On top of their passion for growing the web3 space, the anonymous founders of Web3Camp also have a wealth of experience in the Web 2.0 field. From handling NFT marketplaces to travel app management, the team is more than equipped when it comes to understanding their addressable market and knowing what it takes to bridge the gap between content contributors and users.

 like their Liquidity Incentive Programme and soft Demo Launch that seeks to support their 3P governance token launch and refine their project’s look and feel before the final launch.

On a long-term scale, Web3Camp seeks to further establish the goals mentioned above through Ambassador Programmes and becoming a one-stop platform for online courses, certifications and degrees related to web3 expertise. The former will aid with their Web3Camp marketing and user acquisition efforts. Conversely, the latter involves expanding their current offerings of educational content and cementing Web3Camp’s status as an early mover in the web3 education field.

Although details are still scarce about Web3Camp’s governance token, their 3P token will play a key role in the incentivization aspect of rewarding Web3Camp participants. 

Out of a total supply of 100 trillion 3P tokens, 66 trillion will go towards community engagement efforts and Web3Camp ecosystem management. This will certainly bode well for the web3 project in the long run as the team focuses on growing and retaining its community; a problem that many web3 projects tend to face as they fall off over time.

Additionally, the 20% team allocation has caused some long-term investors to fear that there might be a sudden dump of 3P tokens. Thankfully, this won't be the case as 3P tokens are gradually allocated to team members with a vesting period. This prevents 

 scenarios that can sometimes plague the most exciting of crypto projects.

For a more in-depth look at 3P’s overall token allocation details, refer to the chart shown above or to 

Education and learning about the ins and outs of blockchain technology and everything related to crypto has never been more important. This is doubly so during this current 

 is rampant and it can be difficult for the average crypto investor to decipher the good projects from the bad ones. In the spirit of 

 and getting more involved in the cryptocurrency ecosystem, Web3Camp can certainly thrive. There's no ruling out the possibility that Web3Camp can satisfy this web3 education niche as users seek an all-in-one platform that teaches everything related to the future of web3 technology. 

With investors attempting to acquire expert knowledge today and position themselves for a future bull market run, we might even see a flood of users signing up for Web3Camp so they can reap the rewards in the long run once the market becomes confident in crypto's long-term value.

Overall, this speculative idea of investing in the future of web3 education definitely holds water. If you're bullish for Web3Camp, here's some great news. You can get a piece of the action by participating in the Bybit Web3 IDO for Web3Camp. 

Sometimes, subscribing to upcoming Initial Coin Offerings (

) can be taxing. Investors can run into difficulties that include unfilled orders on 

 and a lack of clear instructions on subscription eligibility requirements. This can be extremely frustrating since ICOs tend to be time-sensitive and require prompt action on the investor's end to ensure a profitable trade.

) has never been easier. By aggregating all the information available about potential IDOs and eligibility requirements, investors can easily subscribe to lucrative projects without worrying about the inconvenience of excessive research. The best part of it all is that our platform allows for token allocations for these projects without requiring 

. This ultimately allows investors to maintain their privacy while making use of the Bybit Web3 IDO platform.

In order to participate in Bybit's Web3Camp IDO subscription phase, you'll first need to have a registered Bybit Web3 account. Once you have that settled, you'll need to set up your Bybit Wallet via the Bybit Web3 Portal and fund it so it has the required amount necessary to meet the minimum IDO subscription requirements. 

In addition to letting you participate in IDOs, your Bybit Wallet also lets you store your assets securely as you move your assets from centralized to decentralized platforms. Need a step by step walkthrough on how you can go about doing so? We have you covered with our in-depth 

 that includes all the crucial information on how to navigate our platform.

All in all, the brand of gamified web3 education that Web3Camp is serving seems promising in light of how investors today are focused on understanding more about blockchain and cryptocurrency technology. If the team is able to successfully execute their roadmap and implement all of their future plans, Web3Camp will have the infrastructure in place to take over the web3 education space and become a clear market leader in the area. That said, investors should still remain cautious as investing in an altcoin during a 

Intermediate

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Web3Camp (3P): Educating Through Gamified Web3 Experiences

Gas fees are usually charged for all transactions completed on the Ethereum blockchain. Find out why you need to pay them for Bybit Web3 IDO in this article.

With most financial transactions, one or both parties involved are responsible for various types of transaction fees. Likewise, when you complete a cryptocurrency transaction, you may be responsible for paying a similar type of transaction fee to the blockchain platform that’s used. In the case of the 

Gas fees are charged for all transactions completed on the Ethereum blockchain. They specifically cover the cost incurred by the blockchain for executing the requested transaction.

 who perform necessary maintenance and security functions must be suitably compensated for their efforts. Ethereum originally charged gas fees to cover this important expense. In September 2022, the 

 (PoS) algorithm debuted. As a result, those who stake their ETH are now able to earn gas fees as a reward. The reward is determined by the quantity of ETH that a user has staked. Gas fees are also allocated to pay validators conducting transactions on the blockchain.

The gas fee on a transaction is determined by the supply and demand for validation requests. Because of these variable factors, the fee fluctuates for each transaction. The gas fee on Ethereum is priced in gwei, which is a small, fractional amount of ETH (one-billionth, or “nano). 

You can calculate the gas fee by multiplying the gas limit times the gas price per unit. For example, let’s assume that the gas limit is established at 20,000, with the gas price set at 200 gwei per unit. To calculate the gas fee, you would multiply 20,000 by 200. In this case, the gas fee is 4,000,000 gwei, which is equivalent to 0.004 ETH.

Why Do You Need to Pay Gas Fees on Bybit Web3 IDO?

Those who stake their ETH and serve as validators on the Ethereum blockchain must be properly motivated to do so. Moreover, validators are essential to the blockchain’s functionality. Their motivation comes from the reward they receive via the gas fee. 

Bybit Web3 IDO specifically functions on the Ethereum blockchain. This means that all transactions completed using a Bybit Wallet are done so via Ethereum. As a result, a gas fee is required on the Bybit Web3 IDO. 

A gas fee is usually paid for by the buyer. Because of this, a user must have sufficient assets in their Bybit Wallet to cover both the gas fee and the assets being sent. Using the 

, you can conveniently calculate the gas fee for a specific transaction upfront. Note, however, that the gas fee is constantly changing as it depends upon a multitude of factors. 

Because of the gas fee associated with Bybit Web3 IDO, some users may be interested in exploring other IDO options before signing up for a Bybit account and setting up a Bybit Wallet. 

While the gas fees vary between the different IDO platforms, be aware that Bybit Web3 IDO is unique in one important area: 

The gas fee is not required until the IDO has been claimed. This means that if you’re unsuccessful in winning the lucky draw, you won’t have to pay any gas fee.

 operates on the Polygon network. Its network is designed to connect different types of Ethereum-compatible platforms. All transactions completed on the Polygon network are subject to a gas fee. 

FireStarter was among the first IDO launchpads, and was engineered with scalability in mind. As a result, it’s been able to adapt well to growth. In part, this growth has been on the backs of various influencers, celebrities and others, who have actively promoted numerous crypto projects in recent years.

 is a next-generation platform for the BNB Chain. Its IDO platform charges a gas fee on coins and NFTs when they’re deposited into a wallet, when an NFT is minted and when transactions are executed. BSCPad is popular among its users for its two-round allocation system, which ensures that all tiers receive a suitable allocation.

 is primarily used by cryptocurrency start-ups to raise capital. Before a project is offered to investors on Seedify, however, the platform’s community must take a vote. Projects that the community approves for IDOs on Seedify are placed in front of investors for consideration relatively early, well before their launch. 

Before investors can register for an IDO project, they first have to go through a KYC process with Blockpass, a third-party app that Seedify uses. Once this is done, users can connect their wallets and stake SFUND tokens.

 is a multi-chain platform that supports BNB Chain, 

, Solana and Ethereum. It charges a 1% redistribution fee for all transactions and transfers, a portion of which is then allocated to TPAD holders based on their holdings on the platform. Gas fees for transactions are based on the exchange being used, and are subject to fluctuation based on various market conditions.

To participate in IDO projects with Bybit Web3, users aren’t required to stake or lock any assets. Couple this with minimal requirements to register— and Bybit Web3 IDO is a top option for your preferred IDO platform. 

1. Participants must have a Bybit Wallet with a minimum of 300 USDT (BNB Chain) and 0.1 BNB (BNB Chain) to be eligible for the Bybit Web3 IDO.

2. KYC Verification of your Bybit Account is not required for participation.

3. To redeem allocated IDO tokens, participants will need to pay blockchain gas fees which may vary due to network conditions, and redemption will fail if there are insufficient funds.

4. Bybit reserves the right to the final interpretation of this event. If you have any questions, please contact our customer service.

5. Please update Bybit APP to version 4.9.0 or above.

6. Subaccount registration is not supported for IDO, users are advised to switch to main account and join.

7. Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent, or harmful purposes.

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Gas Fees: Why Do You Need to Pay Them for Bybit Web3 IDO?

Interested to know more about IDOs? Find out how you can subscribe to IDOs on the Bybit Web3 IDO portal and maximize your potential for financial gains today!

Many blockchain speculators and long-term investors tend to flock toward 

, or IDOs, thanks to the lucrative opportunities they provide. IDOs present a great opportunity for investors to buy a token at its launch price to maximize profits. If you’re seeking to do the same, look no further. Bybit Web3 IDO is a great place for you to start. Find out in this article what an IDO is, how it works — and how you can register for IDO projects with Bybit. 

On a traditional, or centralized, exchange, buy and sell orders aren’t always executed. A centralized repository is responsible for identifying specific orders to execute. On a decentralized exchange, however, liquidity pools are created using 

 to collect a pair of specific tokens. Each time a buy or sell order is made for this pair, smart contracts support an immediate exchange. This ensures that all buy and sell orders on a DEX can be completed. 

In addition, investors can contribute their own tokens to the liquidity pool, generally receiving a reward as a result. This reward is usually an allocation of the transaction fees for that specific liquidity pool.

 Bybit Wallet is necessary in order to take advantage of digital asset trading via Bybit Web3. This wallet minimizes the possibility of a user losing their private keys, which could result in financial loss. Bybit Web3 features security mechanisms that protect your private keys. If you face any issue retrieving your account details, you can always count on Bybit’s 24/7 live customer support for assistance. 

In addition, Bybit Wallet supports decentralized applications (

). It also lets you host your own IDO. By doing so, you can remain in touch with a core audience while also expanding your reach to a larger market of investors. Bybit Web3 continues to evolve today, and the best way to take advantage of the latest innovations and opportunities is through the Bybit Wallet.

While participating in an IDO can be lucrative, learning about these opportunities and their eligibility requirements can be time-consuming. However, Bybit Web3 users can easily discover the latest IDO projects through a user-friendly interface that offers an at-a-glance view of all available projects. What’s more, the Bybit IDO platform facilitates token allocations for these announced projects without requiring 

, allowing investors to maintain their privacy.

Interested investors who meet an IDO’s eligibility requirements can participate in the Subscription Phase of the project to get started. The specific methodology for the subscription may vary from IDO to IDO. 

After the Subscription Phase, IDO participants can move on to the Deposit Phase. During this stage, participants will deposit the necessary tokens on the Bybit IDO platform via smart contracts. This must be completed in compliance with the IDO’s established snapshot timing. 

The third step in the process is the Token Purchase Phase. Eligible IDO participants will be allocated a specific amount of tokens to purchase at the launch. The final part is the Token Listing Phase, in which the token is officially listed, via a DEX listing and a Tier One or Tier Two Bybit Spot Listing. After these steps, participants can freely trade their tokens on both the DEX and the Bybit Spot trading platform.

Your Bybit Wallet enables you to store your tokens securely when they’re not in use. It also lets you move your assets to the DEX for buying, selling, staking and more.

 is easy to do through your desktop or on an Android device. While it’s not yet possible to 

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