On June 29, FTX will host the initial exchange offering (IEO) for the Solrise protocol (SLRS). The platform announced this on ForkLog HUB.
\n\n\n
Solrise is a protocol for creating non-custodial funds on the Solana blockchain. Users can invest in existing funds or launch their own.
\n\n\n\n
During the IEO, FTX will distribute 5 million SLRS. The total token supply is 1 billion SLRS.
\n\n\n\n
The Solrise token sale will take place in an “auction + lottery” format. To participate:
\n\n\n\n
- complete Level 2 verification (KYC) on FTX;
- receive tickets for staking FTT;
- June 29 from 16:00 to 17:00 (MSK) place a bid: 200–250 USDT and 5 FTT for each ticket.
\n\n\n\n
Users will receive tickets based on the amount of FTT staked:
\n\n\n\n
- more than 150 FTT — 1 ticket;
- more than 1000 FTT — 2 tickets;
- more than 10,000 FTT — 3 tickets;
- more than 50,000 FTT — 4 tickets;
- more than 250,000 FTT — 5 tickets;
- more than 1,000,000 FTT — 6 tickets.
\n\n\n\n
The SLRS sale will start on June 29 at 17:00 (MSK). Tokens will go to the holders of the 1,000 highest bids. They will receive 5,000 SLRS each.
\n\n\n\n
If more than 1,000 tickets with the maximum bid are issued, the auction winners will be selected randomly. The exchange will refund bids to the owners of losing tickets.
\n\n\n\n
Full terms of the token sale are on the page IEO Solrise.
\n
Earlier, FTX announced the launch of perpetual contracts on MV Index Solutions products.
\n\n\n
Follow ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, rates and analysis.
\n\n\n\n