Bybit Web3 IDO 2.0: Obtaining Tokens at Attractive Pre-Sale Prices

Key Takeaways:

• Bybit Web3 IDO 2.0 introduces enhanced measures for initial token allocation through a refined system of smart contracts, providing a fair and equitable method to access tokens at pre-sale phases.

• Bybit Web3 IDO 2.0 leverages a scoring system in which participants accumulate points that translate into lottery tickets.

What Is Bybit Web3 IDO 2.0?

Bybit Web3 IDO 2.0 is an investment platform that introduces enhanced measures for initial token allocation through a refined system of smart contracts, providing a fair and equitable method to access tokens at pre-sale phases.

In essence, Bybit Web3 IDO 2.0 is an upgraded platform that allows participants to invest in new token projects before they’re listed on the general market. Its system utilizes smart contracts to ensure a random yet fair ticket distribution, thus enhancing the chances for all participants to secure a part of the initial token allocations.

How Does Bybit Web3 IDO 2.0 Work?

The operation of Bybit Web3 IDO 2.0 is a step beyond traditional IDOs. It leverages a scoring system in which participants accumulate points that translate into lottery tickets. The more points you gather, the higher your chances of securing a winning ticket. Each participant’s score can increase by holding assets in their Bybit Cloud Wallet, participating in friend referral programs and fulfilling various score tasks.

Bybit Web3 IDO vs. Bybit Web3 IDO 2.0

The shift from the original Bybit Web3 IDO to the 2.0 version marks significant improvements.

• IDO Score System: Unlike the previous version, which required a minimum asset snapshot, the IDO 2.0 version uses ongoing score tasks to determine eligibility without any asset snapshot. The higher one’s points, the more lottery tickets they’ll receive.

• First-Come, First-Served (FCFS) Period: This new phase allows participants who reach a certain score level and haven’t yet won to claim available tokens, adding an extra layer of opportunity.

• No Initial Asset Requirement: The elimination of the minimum asset requirement means a more inclusive participation opportunity for a broader audience.

Benefits of Using Bybit Web3 IDO 2.0

There are various benefits to the upgraded Bybit Web3 IDO 2.0, as follows.

• Enhanced Accessibility: Since there’s no need for a hefty initial deposit, more users can participate.

• Fairer Allocation Process: The use of smart contracts ensures that the token allocation process is transparent and equitable.

• Increased Chances of Allocation: The sophisticated scoring system and the addition of the FCFS phase increase participants' chances of winning.

How to Get Started With Bybit Web3 IDO 2.0

Now that you’re acquainted with the way Bybit Web3 IDO works and its benefits for you, let’s explore how you can get started with Bybit Web3 IDO 2.0 and obtain tokens at attractive pre-sale prices! But first, please ensure that you’ve logged into your Bybit account. (If you don’t already have an account, you can follow our detailed sign-up guide to register.) 

Subscribing to a Bybit Web3 IDO 2.0 Project

Step 1: Log in to your Bybit account, navigate to the Bybit Web3 homepage by clicking on the WEB3 button at the top left corner of the Bybit homepage and hover your cursor over the Earn tab. Then, click on IDO. 

Step 2: Click on the Join Now button of the corresponding IDO project in which you’d like to participate to view details, and click on Subscribe to register.

Step 3: After you’ve subscribed to an IDO project, you’ll need to complete tasks to earn points. The higher your score, the more lottery tickets you’ll receive. 

Following are some of the included tasks. 

• Holding Assets: Increase your score by holding more criteria assets in your participating wallet.

• Adding Specific Tokens to Your Bybit Cloud Wallet:Enhance your score by adding specific tokens to your Bybit Cloud Wallet.

• Invite New Participants to IDO: Enjoy a score boost from successful referrals.

• Receiving Bonus Tickets for Non-Wins: Receive additional tickets for up to three (3) of the past IDOs in which you’ve participated without winning.

Once the subscription period ends, winners will be selected via a lottery. As Bybit Web3 IDO 2.0 uses smart contracts to randomly choose winners, you can be assured that all participants will have a fair chance at winning.

Redemption Process

Head to Bybit Web3 IDO 2.0’s page to view lottery results and redeem your prize.

If You Win

Step 1: Click on Redeem to redeem your IDO tokens. Please ensure that you redeem them during the redemption period.

Step 2:Ensure you have enough USDT (for BNB on-chain projects) or USDC (for ETH on-chain projects) in your Bybit Cloud Wallet to redeem your tokens. Then, click on Confirm to proceed with the redemption.

Step 3:Click on View Assets to see the tokens in your Bybit Cloud Wallet.

Notes:

• Tokens must be redeemed in full. Partial redemption is not supported.

• Complete the redemption before the end of the redemption period. Unredeemed tokens will enter the first-come, first-served phase.

If You Don’t Win

If your total IDO points level is 3 or above, wait for the first-come, first-served phase to start the token purchase process. This takes place after the redemption phase. Navigate to the Bybit Web3 IDO 2.0 page and click on Get now to redeem remaining tokens on a first-come, first-served basis.

Notes:

• If there are no remaining tokens, there will be no first-come, first-served phase.

• Once tokens are snapped up, the first-come, first-served phase ends automatically.

• This pool is open to participants with an IDO points level of 3 or above for snap-up.

The Bottom Line

Bybit Web3 IDO 2.0 not only democratizes the process of initial token allocations but also enhances it with a structured, fair and transparent system. By integrating smart contract technology and removing barriers such as minimum asset snapshots, Bybit has created an accessible platform for both novice and seasoned investors looking to get early access to potentially lucrative tokens. Sign up for a Bybit account and subscribe to an IDO project to enjoy early access today!

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