Bybit, one of the world's top three crypto exchanges by volume, today announced an industry-leading Initial DEX Offering (IDO) refund policy, prioritizing user protection and fostering an environment secure and transparent for blockchain development, with IDOs becoming a popular method. to launch new cryptocurrency projects.
“In the dynamic world of DeFi, IDOs present exciting opportunities for investors and crypto enthusiasts,” said Bybit Web3 Evangelist Emily Bao. “However, it is crucial to understand the associated risks. The launch of Bybit's IDO refund policy provides users with an additional layer of security, enabling informed participation. This aligns with our vision of creating an open, simple and easy-to-access environment for all stakeholders.
The Bybit Web3 IDO refund policy offers participants the opportunity to request a full or partial refund under specific conditions:
· TGE Price Drop: If the average token price falls below the initial price within two weeks of the Token Generation Event (TGE), users can request a 100% refund.
· Staggered TGE Recession: For IDOs with a tiered token release (TGE n%), users can trigger a redemption for unreleased tokens if the average price drops below the initial price before the second release. The reimbursement covers up to 1-n% of the total assets.
Bybit Web3's user-friendly refund process allows eligible participants to initiate claims via a dedicated refund button appearing within a defined time frame. The intuitive interface ensures seamless interaction with the redemption contract, facilitating the exchange of project tokens for stablecoins at the initial IDO price.
Transparency and user accountability
Bybit Web3 prioritizes transparency throughout the IDO process. The policy clearly outlines user responsibilities, including gas coverage and eligibility criteria. To be eligible for a refund, users must have acquired subscriptions directly through Bybit Web3 and their holdings must remain untransferred or unsold.
Project Token Unlock Schedules
The IDO refund policy complements the Bybit Web3 project token unlock schedules. For TGE 100% offers, the full collection is released after one month. For TGE n% offerings, the unlocked portion follows the same schedule, with remaining tokens subject to vesting schedules for subsequent releases.
Bybit Web3's IDO refund policy allows users to navigate the DeFi landscape with confidence.
About Bybit Web3
Bybit Web3 redefines openness in the decentralized world, creating a simpler, open and equal ecosystem for all. We are committed to welcoming builders, creators and partners to the blockchain space, extending an invitation to crypto enthusiasts and the curious, with a community of over 1 million wallet users, 10+ partners major players in the ecosystem, and it's not over.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, exchanging, 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 defines Bybit as a top three global crypto exchange, trusted by 25 million users worldwide.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3 (https://www.bybit.com).
About Bybit
Bybit is one of the top three crypto exchanges in the world by trading volume, with 25 million users. Established in 2018, it offers a professional platform where crypto 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 reigning Formula 1 constructors' and drivers' champions: the Oracle Red Bull Racing team.
Bybit, one of the world's top three crypto exchanges by volume, today announced an industry-leading Initial DEX Offering (IDO) refund policy, prioritizing user protection and fostering an environment secure and transparent for blockchain development, with IDOs becoming a popular method. to launch new cryptocurrency projects.
“In the dynamic world of DeFi, IDOs present exciting opportunities for investors and crypto enthusiasts,” said Bybit Web3 Evangelist Emily Bao. “However, it is crucial to understand the associated risks. The launch of Bybit's IDO refund policy provides users with an additional layer of security, enabling informed participation. This aligns with our vision of creating an open, simple and easy-to-access environment for all stakeholders.
The Bybit Web3 IDO refund policy offers participants the opportunity to request a full or partial refund under specific conditions:
· TGE Price Drop: If the average token price falls below the initial price within two weeks of the Token Generation Event (TGE), users can request a 100% refund.
· Staggered TGE Recession: For IDOs with a tiered token release (TGE n%), users can trigger a redemption for unreleased tokens if the average price drops below the initial price before the second release. The reimbursement covers up to 1-n% of the total assets.
Bybit Web3's user-friendly refund process allows eligible participants to initiate claims via a dedicated refund button appearing within a defined time frame. The intuitive interface ensures seamless interaction with the redemption contract, facilitating the exchange of project tokens for stablecoins at the initial IDO price.
Transparency and user accountability
Bybit Web3 prioritizes transparency throughout the IDO process. The policy clearly outlines user responsibilities, including gas coverage and eligibility criteria. To be eligible for a refund, users must have acquired subscriptions directly through Bybit Web3 and their holdings must remain untransferred or unsold.
Project Token Unlock Schedules
The IDO refund policy complements the Bybit Web3 project token unlock schedules. For TGE 100% offers, the full collection is released after one month. For TGE n% offerings, the unlocked portion follows the same schedule, with remaining tokens subject to vesting schedules for subsequent releases.
Bybit Web3's IDO refund policy allows users to navigate the DeFi landscape with confidence.
About Bybit Web3
Bybit Web3 redefines openness in the decentralized world, creating a simpler, open and equal ecosystem for all. We are committed to welcoming builders, creators and partners to the blockchain space, extending an invitation to crypto enthusiasts and the curious, with a community of over 1 million wallet users, 10+ partners major players in the ecosystem, and it's not over.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, exchanging, 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 defines Bybit as a top three global crypto exchange, trusted by 25 million users worldwide.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3 (https://www.bybit.com).
About Bybit
Bybit is one of the top three crypto exchanges in the world by trading volume, with 25 million users. Established in 2018, it offers a professional platform where crypto 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 reigning Formula 1 constructors' and drivers' champions: the Oracle Red Bull Racing team.