KEY ($0.00) TAKEAWAYS
- Bybit will list Avalon Token (AVL) on its Spot trading platform on February 12, 2025, with transactions conducted via the Ethereum network.
- To celebrate the AVL listing, Bybit is hosting two events with a total prize pool of 1,800,000 AVL, encouraging user engagement.
- Avalon Token (AVL) is the native token of Avalon Labs, aiming to create an on-chain financial hub for Bitcoin with various BTC ($98,516.55)-backed financial services.
Bybit has announced the upcoming listing of Avalon Token (AVL) on its Spot trading platform. The listing is scheduled to take place on February 12, 2025, at 10 AM UTC. Deposits for AVL will open a day earlier on February 11, 2025, at 10 AM UTC, and withdrawals will be available starting February 13, 2025, at 10 AM UTC. All transactions will be conducted via the Ethereum (ETH ($2,840.15)) network.
To mark the listing, Bybit is hosting two special events with a combined prize pool of 1,800,000 AVL. These events are designed to encourage both new and existing users to engage with the platform and the newly listed token.
Special Events to Celebrate AVL Listing
The first event, titled “Token Splash — New User Exclusive,” runs from February 11, 2025, to February 25, 2025. New users who register for the event and complete identity verification can participate by either depositing at least 1,000 AVL or depositing 100 USDT ($1.00) and trading 100 USDT worth of AVL. The first 5,000 participants to complete these steps will each receive 200 AVL from a prize pool of 1,000,000 AVL.
The second event, “Token Splash — Trade to Earn,” is open to all users from February 12, 2025, to February 25, 2025. Participants must trade at least 500 USDT worth of AVL on the Spot market to earn a share of the 800,000 AVL prize pool. The rewards are capped at 8,000 AVL per user, and the more a user trades, the larger their share of the prize pool.
About Avalon Token (AVL)
Avalon Token (AVL) is the native token of Avalon Labs, which aims to create an on-chain financial hub for Bitcoin. The platform features BTC-backed lending, a Bitcoin-backed stablecoin, yield-generating accounts, and a Bitcoin-powered credit card. The AVL listing on Bybit will allow users to trade the token using Spot Grid Bots, enhancing trading strategies and opportunities.
For more details on the AVL listing and the associated events, you can visit the official announcement here.
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