The listing timeline for Mog Coin (MOG) is clearly outlined. Deposits for MOG will open on June 3, 2024, at 10 AM UTC.
This gives traders a full day to deposit their MOG tokens before the trading officially begins. Let’s explore more about Bybit.
Early Access with Higher Risks and Fees
The actual listing and commencement of trading are scheduled for June 4th, 2024, at 10 AM UTC. Withdrawals for MOG will then be available starting June 5, 2024, at 10 AM UTC. All deposits and withdrawals will be facilitated through the Ethereum network. More info about it here.
Trading in the Spot Adventure Zone comes with its own set of characteristics. Notably, this zone involves higher fees and some restrictions on orders. Bybit has implemented these measures to manage the increased risk associated with new and less established projects. The higher fees are a trade-off for the opportunity to get in early on promising tokens like Mog Coin.
Source: X
However, traders must be aware of the inherent risks. The Spot Adventure Zone targets those who understand the volatility and speculative nature of early-stage projects. While the potential for high returns is alluring, the risks are equally significant. New projects can experience dramatic price fluctuations, and there’s always the possibility that a project might not succeed as expected.
More About ByBit
Source: X
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