What is izumi Finance (IZI)? 7th Project on Bybit Launchpad

Exchange Bybit announces the 7th launchpad with the izumi Finance (IZI) project. Users can get IZI tokens by setting a certain amount of BitDAO (BIT) based on the average daily BIT balance (within 5 days from December 15th to December 20th) on the Bybit account that the user has owns.

What is izumi Finance (IZI)?

izumi Finance is a platform that provides programmable liquidity as a multi-chain service on Uniswap V3. It proposes the LiquidBox liquidity mining platform to provide heterogeneous Uniswap V3 LP token rewards in different price ranges that can improve the efficiency of distributing incentive rewards to providers, provide liquidity and increase their revenue in Uniswap V3. In addition, izumi will expand its liquidity service to several chains in the future with DEX and an integrated bridge.

On December 9th, izumi Finance announced that it had a $ 3.5 million Series A funding round from Mirana Ventures, IOSG, Cadenza, FENBUSHI, EVG, Hashkey, GSR, CyberX, Bixin, Kronos Research, Dorahacks , Gate Labs, MEXC and individual Nansen investors. has completed Perp, Chainlink and Babel. Including this investment round, izumi Finance raised a total of 5.6 million US dollars.

IZI token details

• Name: izumi finance (IZI)
• Total supply: 2,000,000,000 IZI
• Total allocation: 10,000,000 IZI (0.5% total offer)
• Maximum CAP per user: 10,000 IZI
• Price: 1 IZI = $ 0.04 (The price between BIT and IZI will be confirmed before the registration period)
• Format: Register
• Commitment token: BitDAO (BIT)

ByBit Launchpad

Snapshot time (snapshot): 7:00 am (Synthetic Team time) December 15th to 6:59 am December 20th.

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 20th to 5:59 pm on December 20th.

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 20 to 6:59 p.m. on December 20.

Calculation: Allocated IZI = (number of BITs you have promised / total BIT of all participants) * total amount of the IZI allocated to the project. Up to 10,000 IZI per person, regardless of the BIT inventory volume.

Based on the result of the IZI allocation, the corresponding BIT amount will be deducted from your committed amount, while your IZI allocation and the remaining BIT will be paid back to the spot account. After that, you can continue to deposit into Launchpool to receive daily interest.

Recording time: The IZI / USDT pair trades at 7:00 p.m. on December 10th.

If you don’t have a Bybit account, please register here and KYC to join the program. Currently, Bybit is offering a promotion in December where after 7 days, new registered users will be paid 3.5% of the monetary value with the following assets (at least 500 USD): BTC, ETH, BIT, USDT, XRP, DOGE, DOT, EOS , LTC, XLM, 1INCH, AAVE, ADA, AGLD, ALGO, AMP, ANKR, ATOM, AVA, AVAX, AXS, BAT, BCH, BICO, BNT, BOBA, C98, CAKE, CBX, CEL, CHZ, COMP, CRV , CWAR, DASH, DYDX, ENJ, ENS, FIL, FTM, FTT, GAL, GALA, GENE, GM, GODS, GRT, HOT, ICP, IMX, INSUR, JASMY, KLAY, KMA, KRL, KSM, LDO, LFW , LINK, LRC, LUNA, MANA, MATIC, MKR, NEXO, NU, OMG, ONE, PERP, PSP, PTU, QNT, REN, RNDR, SAND, SHIB, SHILL, SIS, SLP, SNX, SOL, SPELL, SRM , STETH, SUSHI, TEL, TRIBE, TRVL, UMA, UNI, USDC, WAVES, WEMIX, WOO, SEE, XTZ, XYM, YFI, ZRX

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