What is Pintu (PTU)? Bybit Launchpad starts fourth project for BitDAO (BIT) owners

The Bybit exchange announces the fourth launchpad with Project Pintu (PTU). Users can get PTU tokens by setting a certain amount of BitDAO (BIT) based on the average daily BIT balance (within 5 days from 11/20 to 11/25) on the Bybit account that the user owns.

What is Pintu (PTU)?

Pintu, a cryptocurrency exchange licensed by the Indonesian regulator for commodity futures trading (BAPPEPBTI). The platform provides access to a new open financial system that allows users to easily and quickly buy, sell, manage and use cryptocurrencies.

Pintu raised $ 35 million in a Series A round from some of the largest venture funds in the crypto space, including Lightspeed Venture Partners, Alameda Ventures, Blockchain.com, Pantera Capital, Coinbase Ventures, Castle Island Ventures and Intudo Ventures.

Token information

• Name: Pintu (PTU)
• Total supply: 300,000,000 PTU
• Total allocation: 4,000,000 PTU (1.33% of the total offer)
• Maximum CAP per user: 8,000 PTU
• Price: 1 PTU = $ 0.25 (The price between BIT and PTU will be confirmed before the registration period)
• Format: Register
• Obligation token: BitDAO (BIT)

ByBit Launchpad

Snapshot time (snapshot): 7:00 am (Synthetic Team time) November 20th to 6:59 am November 25th

During this 5-day period, the average daily amount on your account (which can still earn interest without a payout on Launchpool) is recorded via hourly snapshots. The report is updated daily at 10:00 AM.

Registration period (commit): From 10:30 am on November 25th to 5:59 pm on November 25th

You must click the “Commit Now” button to commit certain BITs to the project during this subscription period. The amount of BIT that can be committed depends on the average daily BIT balance in your account for 5 days. Please note that the amount you have promised will be blocked and will only be accessible for transfer, payout or trading after the token has been distributed.

Delivery time: From 6:00 p.m. on November 25th to 6:59 p.m. on November 25th

Calculation: number of assigned PTUs = (number of BITs you have promised / total number of BITs occupied by all participants) * total number of PTUs assigned to the project. Up to 8,000 PTUs per person, regardless of BIT stocks.

Based on the result of the PTU assignment, the corresponding BIT amount will be deducted from your pledged amount, while your PTU assignment and the remaining BIT will be returned to the Spot account. After that, you can continue to deposit into Launchpool to receive daily interest.

Recording time: The PTU / USDT pair trades at 7:00 p.m. on November 25.

If you don’t have a Bybit account, please register here and KYC to join the program.

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Khong Minh

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