What is Symbiosis Finance (SIS)? Bybit Launchpad starts 5th project for BitDAO (BIT) owners

Exchange Bybit announces fourth launchpad with Symbiosis Finance (SIS) project. Users can get SIS tokens by setting a certain amount of BitDAO (BIT) based on the average daily BIT balance (within 5 days from 11/27 to 12/02) on the Bybit account the user owns .

What is Symbiosis Finance (SIS)?

Symbiosis Finance is a decentralized multi-chain liquidity protocol that aggregates transaction liquidity across all Ethereum Virtual Machines (EVMs) and EVM-incompatible blockchains. It allows users to exchange tokens between all chains while remaining the sole owner of the fund and maintaining low slippage.

Token information

• Name: Symbiosis Finance (SIS)
• Total supply: 100,000,000 SIS
• Total allotment: 500,000 SIS (0.5% total offer)
• Maximum CAP per user: 500 SIS
• Price: 1 SIS = $ 1 (The price between BIT and PTU will be confirmed before the registration period)
• Format: Register
• Commitment token: BitDAO (BIT)

supporter

ByBit Launchpad

Snapshot time (snapshot): 7:00 am (Synthetic Team time) November 27th to 6:59 am December 2nd

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 December 2nd to 5:59 pm on December 2nd.

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 December 2 to 6:59 p.m. on December 2.

Calculation: Number of PTUs assigned = (number of BITs you have promised / total number of BITs occupied by all participants) * total amount of the SIS assigned to the project. Up to 500 SIS per person, regardless of the BIT inventory volume.

Based on the result of the PTU assignment, the corresponding BIT amount will be deducted from your pledged amount, while your SIS 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 SIS / USDT pair trades at 7:00 p.m. on December 2nd.

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

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page