Dubai, United Arab Emirates, May 13, 2024, Chainwire
Bybit Web3, the Web3 division of Bybit, one of the world’s top three cryptocurrency exchanges by trading volume, today announced an initial DEX offering (IDO) for Thetanuts (NUTS) on its Web3 platform.
“Bybit Web3 is excited to provide our community with early access to Thetanuts, the leading DeFi options protocol redefining the altcoin options landscape,” said Emily Bao, Bybit Web3 Evangelist. “Thetanuts’ impressive TVL demonstrates strong community support and highlights the project’s potential to shape the future of DeFi options trading.”
Thetanuts – The Leading Decentralized Options Protocol
Launched in August 2021, Thetanuts Finance is a decentralized on-chain options protocol focused on altcoin options, allowing users to buy or sell on-chain options. Thetanuts has already established itself as a major player, with total value locked (TVL) exceeding $30 million, making TVL the #1 DeFi options protocol according to @DefiLlama.
NUTS serves as the governance token for Thetanuts Finance and plays an important role in achieving the long-term goals of the protocol. This 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, 10:00 AM (UTC) – May 17, 2024, 10:00 AM (UTC)
- Snap period: May 17, 2024 10:00 AM UTC to May 20, 2024 10:00 AM UTC
- Disclosure and billing period: May 20, 2024 10:15 AM UTC to May 21, 2024 10:00 AM UTC
- Listing date: May 20, 2024, 10:00 AM (UTC)
Token Details
- Token: NUTS
- Total allocated to Bybit IDO: 66,660,000
- Total Supply: 10,000,000,000
Qualification Requirements
- To participate in the IDO, users must have a Bybit Wallet with a minimum balance of 400 USDC (Ethereum chain) during the snapshot period.
- Three snapshots are created each day during the snapshot period.
- Maximum number of winners: 1,500
For more information about the IDO process and eligibility requirements, please visit the Bybit Web3 page (https://www.bybit.com/en/web3/ido).
Introduction to Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, more open, and more equal ecosystem for everyone. Bybit is committed to welcoming builders, creators, and partners in the blockchain space, and with a community of over 1 million wallet users and 10+ major ecosystem partners, we are extending the invitation to both cryptocurrency enthusiasts and the curious. .
Bybit Web3 offers a comprehensive suite of Web3 products designed to make accessing, exchanging, collecting, and extending Web3 assets as open and simple as possible. Our wallet, marketplace, and platform are all backed by the security and expertise that define Bybit as a top 3 global cryptocurrency exchange, trusted by 25 million users worldwide.
Users can join the revolution now and open the door to the Web3 future with Bybit.
For more information about Bybit, please visit Bybit Web3.
Introduction to Bybit
Bybit is one of the top three cryptocurrency exchanges in the world by trading volume, with 25 million users. Founded in 2018, the company provides a professional platform where cryptocurrency investors and traders can find a lightning-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the Oracle Red Bull Racing team, Formula One’s constructor and driver champion.
For more information about Bybit, visit Bybit Press.
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For more information, please visit https://www.bybit.com.
For updates, users can follow: Bybit Community and Social Media
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