Bybit Announces $PARAM Launchpool Staking and Airdrop Event Ahead of Listing

·

Cryptocurrency exchange Bybit is preparing to list Param Labs and its native token, $PARAM, on May 29, 2024, at 10:00 AM UTC, launching with a USDT trading pair. This strategic move marks a significant milestone for Param Labs, a fast-growing Web3 gaming ecosystem that has rapidly gained traction with over 2 million users globally through its flagship game, Kiraverse.

👉 Discover how blockchain is reshaping the future of gaming and digital ownership.

The listing coincides with a major promotional campaign on Bybit, including a Launchpool staking event and an exclusive airdrop, both designed to reward early supporters and boost community engagement ahead of the official market debut.

Launchpool Staking and Airdrop: How to Earn $PARAM

From May 29 to June 5, 2024, Bybit users can participate in the **$PARAM Launchpool event**, where they can stake select cryptocurrencies to earn $PARAM tokens over the course of the week. The staking mechanism allows users to maximize their exposure to the new token without immediate trading pressure, promoting long-term holding and ecosystem participation.

In addition to staking rewards, Bybit and Param Labs are jointly launching an airdrop campaign. Users can earn additional $PARAM by completing simple social media tasks—such as following official accounts, sharing content, and referring friends. These gamified engagement strategies not only increase visibility but also foster a loyal user base ahead of the token’s public trading debut.

This dual approach—combining staking incentives with community-driven airdrops—is increasingly popular among leading crypto platforms, as it effectively aligns user incentives with project growth.

What Is $PARAM? The Token Powering a Web3 Gaming Revolution

Built on the Ethereum blockchain, $PARAM serves as the governance and utility token at the heart of the Param Labs ecosystem. It plays a multifaceted role across gaming, digital commerce, decentralized governance, and exclusive access rights.

According to the project’s official litepaper, $PARAM enables:

With these utilities, $PARAM is more than just a speculative asset—it’s a functional gateway to a growing digital universe where players truly own their in-game assets and contribute to the evolution of the platform.

Strategic Growth and Industry Partnerships

Param Labs has made significant strides in establishing itself as a key player in the convergence of gaming and blockchain. The company recently welcomed Steve Young, former VP of Consumer Products at Activision Blizzard, to its advisory board—underscoring its commitment to bridging traditional gaming with Web3 innovation.

Over the past 12 months, Param Labs has generated over $4 million in revenue through its proprietary Pixel-to-Poly service and NFT sales. This unique model transforms digital game assets into physical collectibles, creating new monetization channels for gamers and creators alike.

Strategic partnerships have further accelerated growth. The company has teamed up with major names such as:

Additionally, Param Labs has formed marketing alliances with top-tier esports organizations like Chronic and Loud GG, amplifying its reach in competitive gaming communities.

Backed by a powerhouse investor group including Animoca Brands, Delphi Ventures, Cypher Capital, Mechanism Capital, and Merit Circle, the project closed an oversubscribed funding round—evidence of strong institutional confidence in its vision.

👉 See how top crypto platforms are fueling the next wave of digital innovation.

Leadership and Vision: Building the Future of Digital Ownership

Anthony Anderson, CEO and co-founder of Param Labs, emphasized the company’s mission in a recent statement:

“We’ve come a long way over the past three years, where it all began with a video game. Param Labs has grown into an infrastructure committed to offering true digital asset ownership and enabling bottom-up IP creation, with brands that we see and interact with regularly. The token will be an important part of our progress, as it's designed to supercharge our ecosystem—listing on Bybit is a step in the right direction.”

This vision aligns with broader industry trends toward decentralization, user empowerment, and creator economy models. By leveraging AI and blockchain, Param Labs aims to solve core challenges in gaming—such as asset lock-in, lack of interoperability, and limited monetization for players.

Frequently Asked Questions (FAQ)

Q: When will $PARAM be listed on Bybit?
A: $PARAM will go live on Bybit on May 29, 2024, at 10:00 AM UTC, with a USDT trading pair.

Q: How can I earn free $PARAM tokens?
A: You can earn $PARAM through Bybit’s Launchpool staking event (May 29 – June 5) or by participating in the airdrop campaign, which includes social media and referral tasks.

Q: What is the total supply of $PARAM?
A: While exact supply details are outlined in the official litepaper, $PARAM is designed with a controlled distribution model to support long-term value accrual and ecosystem sustainability.

Q: Is $PARAM built on Ethereum?
A: Yes, $PARAM is an ERC-20 token deployed on the Ethereum network, ensuring compatibility with major wallets and DeFi platforms.

Q: Can I use $PARAM outside of Kiraverse?
A: Yes. Beyond gaming, $PARAM can be used for governance, merchandise purchases, exclusive event access, and cross-partner collaborations within the Param Labs ecosystem.

Q: Who are Param Labs’ key investors?
A: Major backers include Animoca Brands, Delphi Ventures, Cypher Capital, Mechanism Capital, Merit Circle, and several other leading Web3 investment firms.

Core Keywords

Param Labs stands at the intersection of gaming, blockchain, and digital ownership—a space poised for explosive growth as more users demand control over their virtual assets. With strong revenue performance, elite partnerships, experienced leadership, and now a major exchange listing on Bybit, the project is well-positioned for mainstream adoption.

As Web3 continues to reshape entertainment and digital interaction, initiatives like $PARAM exemplify how tokenized ecosystems can empower users, creators, and communities alike.

👉 Stay ahead of the curve—explore emerging opportunities in blockchain gaming today.