Now Live : LayerNet (NET) on Bybit Web3 IDO

Jul 18, 2024WEB3

Disclaimer: This is a general announcement. Products and services referred to here may not be available in your region. Please refer to T&C for more details.

We're excited to announce that our latest IDO project, LayerNet (NET), is now live!

About LayerNet

• Token: NET

• Price: 1 NET = 0.01 USDC

• Total Allocated to Bybit IDO: 15000000 NET (1.875% of the total max supply)

LayerNet is a gaming layer on Telegram. Netcoin is a telegram game where players earn rewards by boxing against robots. $NET serves as the primary utility token within the LayerNet ecosystem.

WebSite | WhitePaper | Twitter | Discord

How It Works

• IDO Subscription Period: Jul 18, 2024, 10:00AM UTC to Jul 25, 2024, 10:00AM UTC

Check out our IDO 2.0 Help Center Tutorial to find out how to increase your chances of winning.

• IDO Lottery Draw: Jul 25, 2024, 10:00AM UTC

Smart contracts will randomly select 1500 winners who subscribed for the IDO.

• Reveal and Purchase Period: Jul 25, 2024, 10:00AM UTC to Jul 26, 2024, 10:00AM UTC

During this period, participants can reveal whether they have won a winning ticket. Once the winning tickets have been revealed, users will be able to purchase 100 USDC worth of tokens.

• FCFS Round (First Come, First Serve):

If your IDO score fits (e.g., T3, T4, T5 range), you will have a chance to participate in the IDO FCFS round to purchase the remaining IDO token quota.

To learn more about Bybit Web3 IDO, please check out our Help Center.

Terms and Conditions

1. Identity Verification Lv. 1 is not required for participation.

2. Subaccounts are not eligible for IDO participation.

3. To ensure an optimal Web3 experience on the Bybit App, please upgrade your App to version 4.9.0 or higher.

4. To redeem allocated IDO tokens, participants will need to pay blockchain gas fees which may vary due to network conditions, and redemption will fail if there are insufficient funds.

5. Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent, or harmful purposes.

6. Bybit reserves the right of the final interpretation of this event. If you have any questions, please contact our Customer Support.