Beyond Finance launches much-awaited BYN Token

Decentralized trading platform for synthetic products Beyond Finance just announced the launch of its (BYN) token on a number of Initial Dex Offerings (IDOs) launchpads.

The Beyond Finance team describes the DEX initial offering (IDO) as the “next fund-raising step” in order to grow the community further after its completion of private and seed rounds. Beyond’s IDOs are oversubscribed.

As a result of the overwhelming response from its community, Beyond Finance added two more to its list of IDO launches.

Simultaneous IDO launches will take place on DuckDao, Ignition+DAO Maker pool, Bondly, Zendit, and PolkaBridge on April 12, 2021, 14:00 UTC.

IDO Timeline

Beyond Finance’s IDO launch announcement gave clear details on its April 12 IDO launches.

At 1:00 p.m. UTC, Beyond’s official Telegram channel will go on “radio silence.”

At 2:00 p.m. UTC, the open pools of all IDO platforms will be unlocked and all addresses within the whitelist are allowed to join.

At 2:30 p.m. UTC, the Uniswap listing will get underway.

At 3:00 p.m. UTC, all IDOs will be closed.

At 4:00 p.m. UTC, contributors can claim their tokens.

Beyond Finance listed $146,250 in total allocation at $BYN token price of $0.50. There are currently 292,500 BYN tokens available and 535 seats. A batch lottery on Ethereum will be employed.

Beyond Finance on DuckSTARTER and Ignition+DAO Maker

DuckDao’s DuckSTARTER is a token-sale launchpad and a service platform in which enthusiasts within the crypto market can get take part in endorsed blockchain initiatives.

DuckSTARTER describes itself as the “final bridge between early-stage projects and the community” prior to the project being fully accessible to the public.

Ignition will also host an IDO for BYN. The whitelisting process, however, closed on April 6. Nonetheless, Ignition users have a few perks on the Beyond Finance exchange platform and are able to access a number of assets including commodities, cryptocurrencies (limited to ETH and BTC at the moment of writing), equities, derivatives, and Forex currencies.

Note that products offered by Beyond Finance are synthetic and thereby, created through contracts that do not involve ownership of any underlying assets.

 

Image courtesy of Beyond Finance/YouTube Screenshot

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