Dubai, United Arab Emirates, May 13, 2024, Chainwire
Bybit Web3, the Web3 division of Bybit, one of the top three global crypto exchanges by trading volume, today announced an upcoming Initial DEX Offering (IDO) for Thetanuts (NUTS) on its Web3 platform.
“Bybit Web3 is excited to provide our community with early access to Thetanuts, a leading DeFi options protocol redefining the altcoin options landscape,” said Emily Bao, Evangelist at Bybit Web3. “Thetanuts’ impressive TVL demonstrates strong community support and highlights the project’s potential to shape the future of DeFi options trading.”
Thetanuts: leading protocol in decentralized options
Launched in August 2021, Thetanuts Finance is a decentralized on-chain options protocol focused on altcoin options, allowing users to take long or short positions in on-chain options. Thetanuts has already established itself as a major player, becoming the number one DeFi options protocol by TVL according to @DefiLlama with over $30 million in total value locked (TVL).
NUTS serves as the governance symbol of Thetanuts Finance and plays a crucial role in achieving the protocol's long-term goals. It will be used to achieve the long-term goals of the protocol, including decentralization, governance, and incentives.
IDO Details
- IDO Subscription Period: May 13, 2024 at 10 am UTC to May 17, 2024 at 10 am UTC
- Adjustment period: May 17, 2024 at 10 am UTC to May 20, 2024 at 10 am UTC
- Disclosure and claim period: May 20, 2024 at 10:15 am UTC to May 21, 2024 at 10 am UTC
- Listing date: May 20, 2024, 10 am UTC
Token details
- File: NUTS
- Total allocated to Bybit IDO: 66,660,000
- Total offer: 10,000,000,000
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Eligibility Requirements
- Users must have a Bybit wallet with a minimum balance of 400 USDC (chain) during the snapshot period to participate in the IDO.
- Three (3) snapshots will be taken daily during the Snapshot Period.
- Maximum number of winners: 1,500
About Bybit Web3Bybit Web3 is redefining openness in the decentralized world, creating a simpler, more open and equal ecosystem for everyone. Bybit is committed to welcoming builders, creators and partners in the blockchain space, extending an invitation to both cryptocurrency enthusiasts and the curious, with a community of over 1 million wallet users, 10+ partners important of the ecosystem and counting. Bybit Web3 provides a complete set of Web3 products designed to make accessing, sharing, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are backed by the security and expertise that define Bybit as one of the top three crypto exchanges globally, trusted by 25 million users worldwide. User can join the revolution now and open the door to their Web3 future with Bybit. For more details about Bybit, users can visit Bybit Web3.About BybitBybit is one of the world's top three crypto exchanges by trading volume with 25 million users. Established in 2018, it offers a professional platform where cryptocurrency investors and traders can find a lightning-fast matchmaking engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the reigning Formula One constructor and driver champions: the Oracle (NYSE:) Red Bull Racing team. For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: [email protected]. For more information, users can visit: updates, users can follow: Bybit Communities and Social NetworksContactHead of public relationsTony AuBybit[email protected]
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This article was originally published on Chainwire.
