Bybit, the world’s second-largest web3 platform by trading volume, today announced an upcoming Initial DEX Offering (IDO) for LayerNet ($NET) on its Web3 platform. This will be Bybit Web3’s first IDO after successfully refreshing and launching its IDO 2.0 offering, with an industry-first refund policy and new game and reward mechanics.
LayerNet: Building the Gaming Layer on Telegram
LayerNet introduces an innovative concept - a gaming layer built directly on Telegram. Through Netcoin, their flagship play-to-earn (P2E) game, users can compete against AI opponents and earn rewards. $NET serves as the primary utility token within the LayerNet ecosystem, powering in-game transactions and functionalities.
“LayerNet is committed to building the Gaming Layer within the TON ecosystem, aiming to provide users with a unique gaming experience. Its flagship product, NetCoin, is a mini-game that allows users to easily earn rewards with a click, gaining points through simple actions.”
“NetCoin is just an appetizer. LayerNet's future plans include building the L2 network for TON and designing an SDK for game development. This will enable deeper integration of the TON blockchain features with Telegram's extensive user base in gaming,” said Alex, COO of LayerNet.
Subscription Period: 18 July 2024, 10AM to 25 July 2024, 10AM
Lottery Draw: 25 July 2024, 10AM to 25 July 2024, 10.15AM
Redemption: 25 July 2024, 10.15AM to 26 July 2024, 10AM
First Come First Serve Round (FCFS): 26 July 2024, 10.10AM to 26 July 2024, 11.10AM
Token Details
Token: $NET
Total Allocated to Bybit IDO: 15,000,000
Total Supply: 800,000,000
Chain: ETH
Eligibility Requirements
Users must hold a Bybit Cloud Wallet to participate in the IDO. Please ensure that there is enough gas fee for transactions.
Maximum number of winners: 1,500