Solvent Announced Its Initial Sale Result & Listing Schedule on January 13

January 13, 2022 - Around 2 mins mins to read

Solvent ($SVT) is a platform to enable index funds for NFTs on Solana.

Any NFT holder that wants liquidity out of their NFTs can deposit their NFT asset into its particular NFT collection on Solvent (bucket) for minting fungible tokens (droplets) of that particular NFT project in exchange. These fungible tokens are tradable on Serum orderbooks, just like any other tokens on Solana. This means that these droplets can be used for all DeFi applications and on-chain protocols.

Solvent ($SVT) Token Sale Result

SVT Startup Sale Amount: 666,667 SVT
Total value of orders (in USDT): 37,475,220 USDT
Total value of qualified orders (in USDT): 36,958,260 USDT
Number of orders: 13,866
Number of Qualified orders: 13,403
Percentage of qualified orders: 96.660897158517 %
Percentage of succeeded purchases: 98.620528445197 %
Number of participants: 13,866
Number of qualified participants: 13,403
Average qualified order value per user (in USDT): 2757.461762292 USDT
Average distribution value per user (in USDT): 14.92203238081 USDT
Average distributed SVT per user: 49.740132806088 SVT
F (distribution ratio) = 0.005411510173910
Per the previous announcement, all qualified orders will obtain the token on sale equally. To guarantee transparency and fairness, all original records are stored for possible third-party auditing.
Attention: Most unqualified orders occurred due to insufficient balance in the user account. Please ensure there is sufficient balance (exceeding the purchasing value) for the order by 13:00 (UTC). The insufficient balance will result in the cancellation of the purchase order.

$SVT Listing

They will commence $SVT trading on Jan 13th, 13:00 (UTC). The withdrawal service will be available afterward.

Deposit SVT at: https://www.gate.io/myaccount/deposit/SVT
Trade SVT at: https://www.gate.io/trade/SVT_USDT

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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