The initial decentralized exchange (DEX) offering (IDO) of PiBridge’s $PiB token has been announced.
The IDO will launch on five distinct platforms (Onus, Ongate, FantomLive, BAMI, and PinkSale) at a price of $0.01 on December 29 at 02:00 UTC.
According to the tokenomics, there are 250 million tokens in circulation overall, of which 220 million are BEP-20 tokens and an additional 30 million will be used on the ONUS Chain. 62,5 million tokens will be made available to the general public.
A token vesting schedule will be in place for the launch to allow buyers to earn tokens and deter buyers from dumped. On the first day of each month, there will be a 10% initial Token Generating Event (TGE) and nine months of 10% Annual Percentage Yield (APY).
After ending its beta testing phase and stopping operations to get ready for the next Pi Network Hackathon, PiBridge has announced some exciting news. The group also disclosed via Twitter that they are enhancing their infrastructure to cope with the anticipated rise in transaction volume.