Bybit Launchpool X Phavercoin is expired
The Bybit Launchpool X Phavercoin airdrop has officially ended, marking another completed campaign in the expanding crypto rewards space. Participants who joined during the active period were able to claim 90,000,000 $SOCIAL, distributed directly through verified smart contracts. While the claim window is now closed, this archived page remains available for reference, helping users understand how the token performed after launch and how similar airdrops might evolve in the future.
Airdrop summary
Was the airdrop real or a scam?
The Bybit Launchpool X Phavercoin was confirmed to be real and successfully executed. Eligible users who completed the official campaign tasks received Bybit Launchpool X Phavercoin tokens directly in their connected wallets. The claim process was verified through the project’s account and supported by multiple blockchain transaction proofs. Community feedback across Telegram and Discord remained largely positive, with no reports of phishing or distribution issues, confirming the campaign’s legitimacy.
How much did users actually receive from Bybit Launchpool X Phavercoin?
The token value of the project was N/A. Bybit Launchpool X Phavercoin total rewards for the airdrop was 90,000,000 $SOCIAL
Lessons for future airdrops
The Bybit Launchpool X Phavercoin demonstrates the importance of evaluating token utility and post-launch strategy before claiming rewards. While the campaign itself was legitimate and transparent, participants faced rapid value depreciation due to early unlock schedules and limited ecosystem adoption. Future airdrop hunters should look for projects with clear long-term token use cases, vesting mechanisms, and public liquidity plans. Tracking verified campaigns on Freecoins24 remains one of the most reliable ways to avoid low-value or high-risk drops in the market.
Analyzing expired airdrops like Bybit Launchpool X Phavercoin provides valuable lessons for anyone exploring new campaigns. Evaluating distribution rules, vesting periods, and project transparency before claiming rewards can prevent disappointment after token listings. Freecoins24 continues to monitor both active and past airdrops to ensure the community has accurate data and trusted insights when deciding which opportunities to join next.
About Airdrop
Bybit is a cryptocurrency exchange and trading platform headquartered in the British Virgin Islands, specializing in derivatives products. LayerAI is an Ethereum ZK layer-2 blockchain dedicated to AI development. LayerAI combines the commercial applications of AI with a mass adoption-proof tokenization mechanism — via the network’s native token, LAI.
Phavercoin is a Web3 social app purpose-built for the permissionless and non-custodial ecosystem of the next-gen internet. Phaver app allows cross-posting and combining reach & reactions from Lens protocol and Farcaster. SOCIAL serves as its utility token.
Bybit Launchpool is excited to introduce SOCIAL, the utility token of Phavercoin. During this period, stake $SOCIAL, $USDT or $MNT to obtain a share of 90,000,000 $SOCIAL for free. Check our complete and simple step-by-step guide to participate.
Step-by-step guide
- Register on Bybit Exchange and complete your KYC.
- Visit the SOCIAL on Bybit Launchpool Event Page.
- Stake to earn SOCIAL tokens:
- SOCIAL Pool
- Total Rewards: 27,000,000 $SOCIAL
- Minimum Staking Amount: 5,000 $SOCIAL
- Maximum Staking Amount: 300,000 $SOCIAL
- MNT Pool
- Total Rewards: 18,000,000 $SOCIAL
- Minimum Staking Amount: 100 $MNT
- Maximum Staking Amount: 5,000 $MNT
- USDT Pool
- Total Rewards: 45,000,000 $SOCIAL
- Minimum Staking Amount: 100 $USDT
- Maximum Staking Amount: 2,000 $USDT
- SOCIAL Pool
Note:
- Event Period: Sep 24, 2024, 10AM UTC – Oct 1, 2024, 10AM UTC.
- Your Daily Yield = [(The Amount of SOCIAL, USDT or MNT) / (Total Number of SOCIAL, USDT or MNT Staked by All Participants)] × (Daily SOCIAL Prize Pool).
- Your yield for the day will be calculated from the next day (T+1) after you’ve staked SOCIAL, USDT or MNT. The calculated yield will be automatically deposited to your Funding Account daily starting one (1) day after the calculation period (T+2). Your yield will be refreshed daily at 12AM (midnight) UTC.
- Staked assets can be unstaked anytime. No yield will be generated on the day you withdraw your staked tokens.
- Rewards will be distributed within 10 days after the event and are distributed on a first-come, first-served basis.
