Bybit Web3 Announces Upcoming IDO for Nulink

Bybit, a leading global crypto exchange, has announced an upcoming Initial DEX Offering (IDO) for Nulink (NLK) on its Web3 platform. This move is set to redefine data privacy for DApps and empower developers to build secure and trustworthy applications.

Bybit’s IDO for Nulink is set to redefine data privacy for DApps, offering developers innovative solutions to build secure applications.

Introducing NuLink – A Revolutionary Data Privacy Solution for DApps

NuLink is a privacy-preserving technology designed for decentralized applications. It provides APIs that make it easy for developers, startups, small businesses, and enterprises to build their own applications with the best security and privacy practices. NuLink combines blockchain technology with advanced security methods like Proxy Re-Encryption and Attribute-Based Encryption. It also uses secure computation techniques like Zero-Knowledge Proof, Secure Multi-party Computation, and Fully Homomorphic Encryption.

Details of the IDO

The IDO subscription period will run from May 9, 2024, 10AM UTC to May 13, 2024, 10AM UTC. The snap period will be from May 13, 2024, 10AM UTC to May 16, 2024, 10AM UTC. The lottery period will be from May 16, 2024, 10AM UTC to May 16, 2024, 10:15AM UTC. The reveal and claim period will be from May 16, 2024, 10:15AM UTC to May 17, 2024, 10AM UTC. The listing date will be on May 16, 2024, 10AM UTC.

Token Details and Eligibility Requirements

The token for the IDO is NLK. A total of 4,000,000 tokens have been allocated to the Bybit IDO out of a total supply of 1,000,000,000. To participate in the IDO, users must hold a Bybit Wallet with a minimum balance of 300 USDC (Ethereum Chain) throughout the Snapshot Period. Three (3) snapshots will be taken daily during the Snapshot Period. The maximum number of winners will be 2,000.

Conclusion

The upcoming IDO for Nulink on Bybit’s Web3 platform presents a significant opportunity for developers and businesses to leverage privacy-preserving technology for decentralized applications. This move underscores Bybit’s commitment to fostering a robust and user-centric Web3 ecosystem.