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LayerNet is a gaming layer on Telegram. Netcoin is a telegram game where players earn rewards by boxing against robots. $NET serves as the primary utility token within the LayerNet ecosystem.
💸 On July 18, 2024, it was announced that LayerNet’s IDO round on ByBit with the total raise of $150K (allocating 15M tokens) was live. LayerNet is the first IDO 2.0 project on the platform. The Subscription Period of the round lasts until July 25, 2025, 10:00 UTC.
CoinLaunch Score:
Last update:
Very High
24 Jul 2024
LayerNet - IDO Round on Bybit Launchpool Overview
start date:
18 Jul 2024
end date:
25 Jul 2024
price:
$0.01
tokens for sale:
15,000,000
Raise:
$150,000
Min. Buy:
N/A
Max. Buy:
N/A
Industry:
GameFi
Lock-up:
Launchpad
100% Unlock at TGE
Bybit Launchpad
How to join LayerNet - IDO Round on Bybit Launchpool?
To participate in LayerNet IDO Round by Bybit, users need to have a Bybit account and a Bybit Cloud Wallet.
There are 5 steps to participate in Bybit IDO:
- Step 1: Subscription (July 18, 10:00 - July 25, 10:00 UTC)
Click on IDO under Earn on the navigation bar. You will be redirected to the IDO 2.0 page. Then, click on the IDO project you wish to participate in to view details and click on Subscribe Now to proceed with the registration.
- Step 2: Accumulate IDO Score
Earning Points:
- Complete points task conditions to earn more points.
- The higher your points level, the more lottery tickets you will receive.
- Step 3: Lottery (July 25, 10:00 - July 25, 10:15 UTC)
Winners will be selected via a lottery. Bybit Web3 IDO 2.0 uses smart contracts to randomly choose winners, ensuring a fair chance for all participants.
- Step 4: Redemption (July 25, 10:15 - July 26, 10:00 UTC)
Go to the IDO 2.0 project page to view the lottery results and redeem your prize.
Redemption Process:
If you win:
- Redeem your IDO tokens during the redemption period.
- Ensure you have enough USDT (for BNB on-chain projects) or USDC (for ETH on-chain projects) in your Bybit Cloud Wallet to redeem your tokens.
- Complete the conversion using specified tokens as miner fees.
- After the conversion, tap on View Assets to see the tokens in your Bybit Cloud Wallet.
Notes:
— Tokens must be redeemed in full; partial redemption is not supported.
— Complete the redemption before the end of the redemption period. Unredeemed tokens will enter the first-come, first-served phase.
If you do not win:
If your IDO points level is 3 or above, wait for the first-come, first-served phase to start the token purchase.
- Step 5: First-Come, First-Served (for Non-Winners)
After the redemption phase, non-winners can redeem the remaining tokens on a first-come, first-served basis.
Notes:
— If there are no remaining tokens, there will be no first-come, first-served phase.
— Once tokens are snapped up, the first-come, first-served phase ends automatically.
— This pool is open to participants with a points level of 3 or above for snap-up.
Smart Contract Code
Smart Contracts are executed on the blockchain, which means that the terms of the Bybit Web3 IDO project are stored in a distributed database and cannot be changed to ensure the impartiality of the winners selected in the lottery.
Step-by-step Guide
Subscription (July 18, 10:00 - July 25, 10:00 UTC);
Lottery (July 25, 10:00 - July 25, 10:15 UTC);
Redemption (July 25, 10:15 - July 26, 10:00 UTC);
Concluded (July 26, 11:10 UTC).
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