Prometheus Launch Program
Last updated
Last updated
In celebration of the oBIT Token launch and the Omnibit ecosystem, we are excited to announce the Prometheus Launch Program. This exclusive pre-launch initiative rewards participants for depositing Bitcoin (BTC) into our institutional-grade custodian partner, offering unparalleled incentives, including a 4x Lightning Shard multiplier.
Campaign Timeline
Deposit Start Date: January 19, 2024
Deposit Close Date: February 28, 2024
Holding Period: Deposits must remain locked until June 30, 2024, to qualify for rewards.
Program Cap
The total eligible deposit amount for the program is 1,000 BTC. Deposits will be accepted on a first-come, first-served basis.
Eligibility
Eligible Asset: Only Bitcoin (BTC) deposits made on the Bitcoin mainnet through Omnibit’s institutional-grade custodian partner are eligible.
Deposit Limits: The program is capped at 1,000 BTC in total deposits.
Deposits must be made during the campaign period (January 1 – February 28, 2024) and remain locked until June 30, 2024.
Incentives
4x Lightning Shard Multiplier Deposits held during the campaign earn 4x Lightning Shards, retroactively applied for the holding period.
Example: Normally, depositing and holding 1 BTC for 14 days earns 28,000 Lightning Shards. During the Prometheus program, the same deposit earns 112,000 Lightning Shards.
Referral Bonus
Referrers earn 20% of the Lightning Shards generated by referees’ BTC deposits.
Referees receive an additional 10% bonus Lightning Shards for deposits made through a referral link.
Exclusive Rewards
Participants receive limited-edition Prometheus NFT badges, recognising their early contributions to the ecosystem.
Additional rewards for top contributors will be announced during the campaign.
Examples
Scenario
Eligibility
Deposits BTC into the institutional custodian before January 1, 2024, and holds it
Not eligible – Deposits must be made during the campaign timeline.
Deposits BTC into the institutional custodian during the campaign and holds until June 30, 2024
Eligible – Participant earns 4x Lightning Shards for the holding period within the campaign timeline.
Deposits BTC during the campaign but withdraws before June 30, 2024
Not eligible – Deposits must remain locked until the campaign end date to qualify for Prometheus rewards.
Prometheus Rewards Visualization
BTC Deposited
Days Held
Normal Shards Earned
Prometheus Shards (4x Multiplier)
1.0
30
60,000
240,000
0.5
45
45,000
180,000
2.0
14
56,000
224,000
Terms and Conditions
Program Cap
The total deposit cap for the Prometheus program is 1,000 BTC. Deposits exceeding this cap will not be eligible for rewards.
Eligibility Rules
Only BTC deposits made on the Bitcoin mainnet into Omnibit’s custodian partner during the campaign period (January 1 – February 28, 2024) are eligible.
Deposits must remain locked until June 30, 2024, to qualify for rewards.
Referral Bonus
Referrers earn 20% of the Lightning Shards generated by referees.
Referees receive an additional 10% Lightning Shards bonus for deposits made via referral links.
Reward Distribution
Lightning Shards and Prometheus NFT badges will be distributed after June 30, 2024.
Non-Monetary Nature of Rewards
Lightning Shards and NFTs are non-monetary and cannot be converted into digital assets, tokens, or currency.
Fraud Prevention
Fraudulent or manipulative activities, such as creating multiple accounts or using bots, are strictly prohibited and will result in disqualification and forfeiture of rewards.
Program Modifications
Omnibit reserves the right to modify or terminate the Prometheus Launch Program at any time without prior notice.
The Prometheus Launch Program is your opportunity to be part of the foundation of the oBIT ecosystem. Join us by depositing your BTC, earning exclusive rewards, and helping ignite the next chapter of Bitcoin-backed decentralised finance. With a 1,000 BTC cap, act quickly to secure your spot in this historic launch.
