Bybit Announces the Upcoming Initial Dex Offering for GALAXIS on Its Web3 Platform

Bybit has announced the upcoming Initial Dex Offering (IDO) for Galaxis on its Web3 platform, with 60,060,060 tokens allocated towards the event.

Bybit, one of the top 3 crypto exchange platforms in terms of trading volume, announced on May. 3 the upcoming Initial Dex Offering (IDO) Galaxis (GALAXIS) on its Web3 platform.

"At Bybit, we are firm believers in the transformative potential of Web3,” Bybit Web Evangelist Email Bao said. “By supporting visionary projects like Galaxis, we contribute to building a more connected and empowered future for blockchain communities,” Bao added.

Galaxis to Lead the Decentralized No-Code Movement

Galaxis is a decentralized no-code platform that is busy transforming how digital communities are built and interacted with. Anyone, whether it be Web3 projects, athletes, artists, aspiring projects and companies of different sizes and forms can build their own unstoppable communities.

The IDO’s subscription period will be between May 3, 2024, 10 a.m. UTC and May 7, 2024, 10 a.m. UTC. Thereafter, the project’s snap period will run until May 10, 2024, 10 a.m. UTC. Lastly, after the token’s listing on May 10, 2024, 10 a.m. UTC, the crypto’s reveal and purchase phase will run between May 10, 2024, 10:15 a.m. UTC and May 11, 2024, 10 a.m. UTC.

GALAXIS has a total supply of 10,000,000,000, of which 60,060,060 tokens have been allocated towards the Bybit IDO. In order to take part in the IDO, investors will need to have a minimum balance of 300 USDC (on the Ethereum chain) in their Bybit Wallet throughout the Snapshot Period. During this period, 3 snapshots will be taken, and there will only be 2,000 winners.

More detailed information regarding the GALAXIS IDO and its eligibility requirements can be found on Bybit’s Web3 page here.