Cryptocurrency exchange Bybit will list Param Labs' PARAM token on May 29, 2024, at 10:00 AM UTC, featuring a PARAM/USDT trading pair. This follows Param Labs' successful onboarding of 2 million users for its flagship game, Kiraverse, and an oversubscribed funding round led by Animoca Brands and Delphi Ventures.
Key Highlights of the PARAM Listing Event
- Launchpool Staking: Users can stake PARAM tokens from May 29 to June 5 to earn additional rewards.
- Airdrop Campaign: Complete social tasks and referrals to claim free PARAM tokens.
- 20M PARAM Prize Pool: Bybit allocated 20 million tokens for event participants.
Utility of the PARAM Token
Hosted on Ethereum, PARAM serves as the governance and utility token for Param Labs' ecosystem, enabling:
- Staking rewards and platform payments (e.g., in-game transactions).
- Governance voting for community proposals.
- Exclusive access to merchandise, events, and partner collaborations.
👉 Learn how to participate in the PARAM airdrop
Param Labs' Strategic Growth
Param Labs recently onboarded Steve Young (ex-Activision Blizzard VP) and partnered with GameStop for NFT-integrated gameplay in Kiraverse. The team—with prior experience at Epic, EA, and Ubisoft—has generated $4M+ revenue via Pixel-to-Poly services and NFT sales. Collaborations extend to Pudgy Penguins, Immutable X, and 50+ other brands.
"The PARAM token is designed to supercharge our ecosystem. Listing on Bybit accelerates our vision for digital ownership in gaming," — Anthony Anderson, CEO of Param Labs.
How to Participate
- Register on Bybit before May 29.
- Stake PARAM in the Launchpool or complete airdrop tasks.
- Trade PARAM/USDT starting May 29 at 10:00 AM UTC.
👉 Explore Bybit's PARAM trading platform
FAQ Section
Q: What is the PARAM token used for?
A: PARAM facilitates staking, governance, in-game purchases, and grants access to exclusive merchandise/events.
Q: How can I earn PARAM tokens?
A: Stake PARAM in Bybit’s Launchpool or complete social tasks for the airdrop.
Q: Is Param Labs a reputable company?
A: Yes, with partnerships across GameStop, Animoca Brands, and a team seasoned in AAA gaming studios.
Q: When does trading begin?
A: May 29, 2024, at 10:00 AM UTC.
About Param Labs
Param Labs pioneers AI and blockchain solutions for the $200B+ gaming industry, focusing on digital asset ownership and user-generated content. Its infrastructure supports seamless Web3 integration for developers and gamers.
Media Contact:
- Website: paramlabs.io
- Email: [email protected]