Symbiosis Finance (SIS) is a decentralized multi-chain liquidity protocol that allows users to swap tokens between chains with low slippage.
Bybit adds Symbiosis Finance (SIS)
Loyal users of Bybit, the long wait is coming to an end.
Bybit is happy to announce that Symbiosis Finance (SIS), the latest project of Bybit Launchpad, is now live!
ICYMI — Symbiosis Finance (SIS) is a decentralized multi-chain liquidity protocol that allows users to exchange tokens between chains with low slippage while continuing to be the sole owner of funds. It provides unlimited cross-chain liquidity. It provides services for as many token pairs on the chain as possible, and at the same time provides the best price for the exchange between any token pairs.
Symbiosis Finance (SIS) is a decentralized multi-chain liquidity protocol that allows users to exchange tokens between chains with low slippage while continuing to be the sole owner of funds. To provide it with unlimited cross-chain liquidity, it provides as many services as possible for all the token pairs on the chain, and it also provides the best price for the exchange between any token pairs.
Details of the token sale:
| Token name: | SIS |
|---|---|
| Total tokens: | 100,000,000 SIS |
| Launchpad allocation: | 500,000 SIS (0.5% of total supply) |
| Single user allocation limit: | 500 SIS |
| Conversion ratio: | 1 SIS = 1 USD (the exchange rate between BIT and SIS will be determined at the beginning of the subscription period) |
| Participation mode: | Support multiple subscriptions |
| Participate in the subscription currency: | BIT only |
How can you participate in Launchpad?
The position snapshot period is from November 27, 2021 00:00 UTC to December 1, 2021 23:59 UTC.
Within the 5-day snapshot, the daily average BIT balance in your spot account and ByFi account (excluding derivatives account) will be automatically recorded through hourly snapshots. The snapshot of your BIT balance for the day will be updated at 3:00 AM UTC the next day.
The 5-day average daily BIT balance in your spot account and ByFi account will determine the upper limit of the amount of BIT you can invest in Symbiosis Finance (SIS) projects-so recharge BIT now!
The subscription period is from December 2, 2021 at 3:30 am UTC to December 2, 2021 at 10:59 am UTC.
You must click ” Subscribe Now ” during the subscription period and invest in BIT to participate in this issue of Launchpad.
Please note: After participating in the subscription, the platform will temporarily lock the BIT in your spot account until the final SIS is distributed. Trade, transfer, exchange and withdrawal are not allowed during the lock-up period.
The token distribution period is from December 2, 2021 at 11:00 AM UTC to December 2, 2021 at 11:59 AM UTC.
Your final SIS allocation amount = (the amount of BIT you participated in the subscription / the total amount of BIT subscribed by all participating users) * the total amount of SIS sold in the current period.
According to your final SIS allocation result, the corresponding equivalent BIT will be deducted from your subscription amount, and the SIS allocated to you and the remaining BIT will be deposited into your spot account.
Please note that the maximum number of SISs you can get is 500, and the amount exceeding the limit will be allocated to participants who have not reached this limit.
If the liquidity conditions are met, the new spot currency pair SIS/USDT will be traded at 12:00 UTC on December 2, 2021.
Terms and Conditions
You must complete KYC L1 to be eligible to participate in the event. Users from restricted countries/regions cannot participate in the event. Please log in to your Bybit account and click here to complete the KYC verification.
During the snapshot period, the BIT balance in your spot account and ByFi account will be calculated (excluding derivatives accounts). Please note that only your BIT balance and BIT pledged in Launchpool will be automatically included in your ByFi account snapshot. It does not include BIT pledged on other products of the ByFi Center (such as dual asset mining). The snapshot of your BIT balance for the day will be updated at 3:00 a.m. UTC the next day.
During the subscription period, if you pledge BIT in Launchpool, please release the pledge and manually transfer it to the spot account. If you hold BIT under your ByFi account, please manually transfer the BIT to the spot account.
The minimum number of BITs you can submit is 50.
During the period from 0:00 AM UTC on November 27, 2021 to 11:59 PM UTC on December 1, 2021, the daily average BIT amount of your spot account must be equal to or greater than 50, and rounded to the nearest integer.
The sub-account does not participate in the activity, and the BIT amount under the sub-account will be included in the main account.
Please check Bybit official website or contact the customer support with regard to the latest information and more accurate details.
Bybit official website is here.
Please click "Introduction of Bybit", if you want to know the details and the company information of Bybit.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...