Bybit IDO: BitDAO has raised $380 million! Ethernet quota sold out, SUSHI left 58%
BitDAO raised 112,670 ETH pieces and 1,617,900 SUSHI pieces in the Dutch auction, which started at 9 PM yesterday, according to MISO. The auction of 20 million BIT tokens allocated to SUSHI's crowdfunding pool is still underway, and investors with ETH subbids can claim BIT tokens already.
is initiated by Bybit, one of the world's top three crypto or coin derivatives exchanges, BitDAO, a decentralized autonomous organization backed by PayPal founder Peter Thiel, Dragonfly Capital, Pantera Capital and many others, officially launched a Dutch auction of BIT tokens yesterday evening.
"BIT token auctions soon flooded with bidders, lured by attractive airdrop incentives (the higher the percentage of airdrop for early participation) and the promising prospect of BitDAO (Bybit puts 0.025% of its monthly futures trading volume into BitDAO's vault). According to the progress reported by BitDAO this morning, all of the 180 million BIT tokens allocated to Ether have been sold out, with 9,269 addresses participating and a total of 112,670 Ether tokens raised, for a total of over $360 million at current prices of around $3,200. On the other hand, in SUSHI's crowdfunding pool, which has a quota of 20 million BIT tokens, nearly 1,400 addresses participated and raised more than 1,618,500 SUSHI pieces, according to MISO platform data. At current prices of about $13.30, the total is more than $21.526 million." The auction for
"SUSHI crowdfunding pool is still underway, with about 11.74 million bits still waiting to be bid. In total, BitDAO has raised more than $380 million from this auction.
"SushiSwap, one of the leading decentralized exchanges in organizing the auction, has also opened bit-ETH trading pairs. SushiChef reports that the pair now has more than $80 million in liquidity. According to the SushiSwap platform, the current price of a BIT is around $1.68, just below the starting price of $2.