From Investing.com: 2024-05-13 18:30:37

Bybit Web3, the Web3 division of Bybit, plans to host an Initial DEX Offering (IDO) for Thetanuts (NUTS) on its platform. Thetanuts Finance is a leading decentralized options protocol with a TVL exceeding $30 million. NUTS token will play a vital role in achieving protocol objectives like decentralization and governance. The IDO will run from May 13 to 17, with specific subscription and reveal periods.

Thetanuts Finance, launched in 2021, is a decentralized on-chain options protocol specializing in altcoin options. It has become the #1 DeFi Options Protocol by TVL, surpassing $30 million. NUTS token, the governance token, will facilitate long-term objectives such as decentralization and incentives. The upcoming IDO will allow community members early access to NUTS tokens.

The IDO subscription period for Bybit Web3’s Thetanuts (NUTS) will be from May 13 to 17, with the reveal and claim period following soon after. As part of the eligibility requirements, users need a minimum balance of 400 USDC in their Bybit Wallet during the Snapshot Period to participate in the IDO. Thetanuts’ IDO marks another milestone in Bybit’s commitment to an open and equal decentralized ecosystem for all.

Read more at Investing.com: Bybit Web3 Announces Upcoming IDO for Thetanuts (NUTS) By Chainwire