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Dubai, United Arab Emirates, May 13th, 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.
Thetanuts – Leading Decentralized Options Protocol
Launched in August 2021, Thetanuts Finance is a decentralized on-chain options protocol focused on altcoin options, allowing users to go long or short on on-chain options. Thetanuts has already established itself as a major player, becoming the #1 DeFi Options Protocol by TVL per @DefiLlama with exceeding $30 million in Total Value Locked (TVL).
NUTS serves as the governance token of Thetanuts Finance, playing a crucial role in achieving the protocol’s long-term goals. It will be used to achieve the long-term objectives of the protocol — including decentralization, governance, and incentives.
IDO Details
IDO Subscription Period: May 13, 2024, 10AM UTC to May 17, 2024, 10AM UTCSnap Period: May 17, 2024, 10AM UTC to May 20, 2024, 10AM UTCReveal and Claim Period: May 20, 2024, 10:15AM UTC to May 21, 2024, 10AM UTCListing Date: May 20, 2024, 10AM UTCToken DetailsToken: NUTSTotal Allocated to Bybit IDO: 66,660,000Total Supply: 10,000,000,000
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Eligibility RequirementsUsers must hold a Bybit Wallet with a minimum balance of 400 USDC (Ethereum Chain) throughout 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, open, and equal ecosystem for everyone. Bybit are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 25 million users globally.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 crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.com
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