The crypto community is buzzing with excitement as the 5ire (5IRE) token makes its debut on Bybit, one of the leading cryptocurrency exchanges. This launch promises innovation, sustainability, and a fresh perspective on blockchain technology.
- Launch Date: December 5, 2023
- Token Type: Initially an ERC-20 token, with plans to transition to the 5ire token on the mainnet via a secure bridge.
- Trading Pair: 5IRE/USDT
- Network: Ethereum (ETH)
- IDO Price: $0.032 per 5IRE
- Minimum Investment: $100
- Maximum Investment: $5000
The Path to Sustainability
The 5ire project aims to revolutionize the crypto landscape by emphasizing sustainability. Here’s what you need to know:
- Innovative Approach: 5IRE combines cutting-edge technology with a commitment to environmental responsibility. Bybit’s support for this project underscores their dedication to fostering sustainable blockchain solutions.
- Secure Bridge: The transition from ERC-20 to the 5ire token on the mainnet will occur through a secure bridge. This ensures a seamless experience for users while maintaining the integrity of the ecosystem.
- Trading Opportunities: With the 5IRE/USDT trading pair, users can participate in the growth of 5ire while leveraging the stability of USDT.
How to Get Involved
- Whitelist: If you haven’t already, make sure to whitelist yourself for the 5IRE IDO on Bybit. Whitelisting ensures you’re eligible for participation.
- Stay Informed: Keep an eye on official announcements from Bybit regarding the IDO. Follow their social media channels and stay updated on the latest developments.
- Secure Your Spot: When the IDO goes live, be ready to participate. Remember the minimum investment requirement of $100.
1. To qualify for the lottery tickets, your daily average holdings of the committed token (MNT or USDT) during the snapshot period must meet or exceed the minimum threshold amount.
2. The balance of MNT or USDT across your Funding Account, Spot Account, and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account) will be considered during the Snapshot Period.
– Your balances of MNT or USDT, as well as MNT or USDT staked in the Launchpool and Flexible Savings, will be automatically included in the snapshot of your Funding Account. Assets staked in other products, such as Dual Asset, will not be counted.
– MNT used as collateral for Crypto Loans and all MNT or USDT lent out on Bybit Lending will also be included in the snapshot.
– For the Derivatives Account (or Unified Trading Account), the wallet balance will be counted, which may be influenced by realized Profit and Loss (PnL) during the snapshot period.
– All snapshot values for asset holding requirements conducted to determine whether you qualify for two (2) or three (3) tickets will be recorded as USDT, with non-USDT assets being counted based on the closing price of the day in USDT. This USDT value of the asset holdings will be used to determine eligibility for any additional lottery tickets.
3. During the snapshot period, your combined accumulated trading volume from Spot Trading, Spot Copy Trading, Grid Bot, DCA Bot, Spot Margin Trading, and Leveraged Tokens will be recorded through daily snapshots. This includes all buy and sell transactions. For USDT-denominated pairs, the trading volume is calculated as the sum of all order values for each executed USDT order. For non-USDT pairs, the trading volume will be converted into USDT using the closing price of the day. Please note that trading volume from Derivatives Trading will not be considered.
4. Your daily average holdings and trading volume snapshots for the current day will be updated at 3AM UTC on the following day. Due to the substantial volume of calculations involved, there might be a delay in updating your daily average balance.
2023-11-30 00:00 – 2023-12-04 23:59（UTC）
1. You must complete Identity Verification Lv.1 or Business Verification to be eligible for the event. Users from restricted countries/regions are not allowed to participate.
2. Subaccounts are not eligible for the event. The amount held or traded under Subaccounts will be counted towards the Main Account.
3. You can choose between the two (2) events and click on the ‘Commit Now’ button to participate in one of your choosing during the subscription period.
4. The tokens you’ve committed will be locked and cannot be accessed for transfers, withdrawals, or trading until after the final distribution of the 5IRE.
5. During the Subscription Period, if you’ve staked MNT or USDT in the Launchpool and Flexible Savings, please withdraw first by heading to ‘Earn Order’ under ‘Orders’ and manually transfer it to your Funding Account. If you hold MNT or USDT under the Spot Account or Derivatives Account (or Unified Trading Account and Inverse Derivatives Account), please manually transfer it to your Funding Account.
6. You can subscribe to an allocation or a lottery ticket with your Funding Account’s available balance.
2023-12-05 03:30 – 2023-12-05 10:59（UTC）
1.For users participating in the token subscription event: Your final allocation of 5IRE = (the amount of token you’ve committed / total amount of token committed by all participants) * total amount of 5IRE allocated to Launchpad.
Please note that the max. amount of 5IRE you can receive is capped at 5000, and the amount that exceeds the limit will be allocated to participants who haven’t reached this hard cap yet. Based on the final 5IRE allocation result, the corresponding amount of committed token will be deducted from your committed amount, and the remaining amount of committed token will be credited back to your Funding Account, while the 5IRE allocated to you will be credited to your Spot Account (or Unified Trading Account with UTA upgrades).
2. For users participating in the lottery draw: Winners will each receive 170 5IRE for each winning ticket, and the 5IRE allocated will be credited to your Spot Account (or Unified Trading Account with UTA upgrades). The remaining amount of the committed token, if any, will be credited back to their Funding Account. Non-winning participants will get the full amount of the committed token back
2023-12-05 11:00 – 2023-12-05 11:59（UTC）
The new token is expected to get listed on Bybit’s Spot trading platform at 2023-12-05 12:00 UTC, if liquidity conditions are met.