Exchange Bybit announces its fourth Launchpad with its Symbiosis Finance (SIS) project. Users can get SIS tokens through committing a certain amount of BitDAO (BIT), based on the average daily BIT balance (within 5 days from 11/27 to 12/2) in the Bybit account that the user has. that owns.
What is Symbiosis Finance (SIS)?
Symbiosis Finance is a decentralized multi-chain liquidity protocol that aggregates transaction liquidity across all Ethereum virtual machines (EVMs) and EVM-incompatible blockchains. It allows users to swap tokens between all chains, while remaining the sole owner of the fund and maintaining low slippage.
• Name: Symbiosis Finance (SIS)
• Total supply: 100,000,000 SIS
• Total allocation: 500,000 SIS (0.5% total supply)
• Maximum CAP per user: 500 SIS
• Price: 1 SIS = $1 (The rate between BIT and PTU will be confirmed before the registration period)
• Format: Register
• Commitment token: BitDAO (BIT)
Snapshot time (snapshot): 7:00 (Vietnam time) November 27 to 06:59 December 2.
During this 5-day period, the average daily amount in your account (which can still be staked on Launchpool for interest without taking out) will be recorded via hourly snapshots. The report will be updated at 10:00 every day.
Registration period (Commit): From 10:30 on December 2 to 17:59 on December 2.
You need to click the “Commit Now” button to commit certain BITs to the project during this subscription period. The amount of BIT that can be committed depends on the average daily BIT balance in your account for 5 days. Please note that the amount you have committed will be locked and cannot be accessed for transfer, withdrawal or trading until after token distribution.
Delivery time: From 18:00 on December 2 to 18:59 on December 2.
Calculation: Number of PTUs allocated = (Number of BITs you committed / total BITs taken by all participants) * Total amount of SIS allocated to the project. Up to 500 SIS per person, regardless of BIT holding volume.
Based on the result of PTU allocation, the equivalent amount of BIT will be deducted from your committed amount, while your SIS allocation and remaining BIT will be returned to Spot account, after which you can keep depositing in Launchpool to get daily interest.
Listing time: The SIS/USDT pair will be listed at 19:00 on December 2.
If you do not have a Bybit account, register here and KYC to participate in the program.
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