Bybit Exchange announces that its new IDO project, Moon App (APP), has officially launched! Approximately 4.47 million APP tokens have been allocated to the Bybit IDO. This article provides detailed information about the IDO.
Summary:
Bybit, a cryptocurrency exchange, has launched the Moon App (APP) as its new IDO project. The Moon App integrates Launchpad, which is primarily used for the Injective project, and an advanced on-chain trading bot that can be used for trading, placing limit orders on-chain, sniping presales, sniping liquidity, and preventing sandwich attacks. The app can be downloaded from major application stores for both mobile and PC platforms.
About Moon App:
– Token: APP
– Price: 1 APP token = 0.0067 USDT
– Total allocation to Bybit IDO: 4,477,612 APP tokens (0.15% of the maximum supply)
IDO Schedule:
– IDO subscription period: January 2, 2024, 10:00 UTC – January 9, 2024, 10:00 UTC
– Asset snapshot period*: January 9, 2024, 10:00 UTC – January 12, 2024, 10:00 UTC
– IDO lottery: January 12, 2024, 10:00 UTC
– Lottery winners: 150 lucky users will be randomly selected from the subscribed IDO participants.
– Drawing and redemption: January 12, 2024, 10:00 UTC – January 13, 2024, 10:00 UTC
– Participants can confirm if they have won the lottery during this period. After confirming the winning ticket, users can redeem 200 USDC worth of tokens.
– Token listing: APP/USDT will be listed on the Bybit spot platform on January 12, 2024, 10:00 UTC.
*Note:
– Users must have a Bybit Wallet with a balance of at least 300 USDC (Ethereum chain) to participate in the IDO. Failure to meet this requirement during the asset snapshot period will result in disqualification.
– Three snapshots will be taken each day during the snapshot period.
For more information about Bybit Web3 IDO, please visit the Help Center.
Terms and Conditions:
1. Participants must have a Bybit Wallet with a balance of at least 300 USDC (Ethereum chain) to participate in the IDO. Failure to meet this requirement during the asset snapshot period will result in disqualification.
2. The asset snapshot period is from January 9, 2024, 10:00 UTC, to January 12, 2024, 10:00 UTC, with three snapshots taken each day.
3. Participants can participate directly without completing Level 1 identity verification.
4. Sub-accounts are not eligible for IDO participation.
5. To ensure the best Web3 experience on the Bybit App, please upgrade the app to version 4.9.0 or higher.
6. Participants need to pay blockchain miner fees to redeem their allocated IDO tokens. The specific fees will vary depending on the network conditions. If there are insufficient funds, the redemption will fail.
7. Bybit reserves the right to interpret the event. For any questions, please contact the customer service team.
8. Bybit has the right to disqualify users who profit from malicious behavior, including opening multiple accounts to obtain additional experience funds and engaging in other illegal, fraudulent, or harmful activities.
Disclaimer: This article is a sponsored article provided by Bybit and does not represent the views of the platform. It is not intended to provide any investment, asset advice, or legal opinions and should not be considered as an offer to purchase, sell, or hold assets. Any services, programs, or tools mentioned in the article are for reference only, and the actual content or rules will be based on the announcement or explanation by the sponsor. Bybit is not responsible for any potential risks or losses. Readers are advised to conduct their own careful research before making any decisions or actions.