HomePRESS RELEASEHow to join the PsyOptions sale session

How to join the PsyOptions sale session

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SELL PSYOPTIONS AND $PSY ARE NOT PROVIDED IN THE US OR TO ANY US PERSONAL. IF YOU LIVE, INFORMATION OR ESTABLISHED OR RESIDENT OF THE USA, YOU ARE NOT ALLOWED TO PARTICIPATE IN PSYOPTIONS SELLINGS OR BUY ANY PSY TOKEN.

Prepare for the sale 

Please take a moment to get used to PsyOptions (scroll to the bottom of this article).

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Note: Any user who does not stake 150 FTT before 13:00 UTC, January 17 will NOT be allowed to participate in this Token Sale. In addition, any any user who has not been approved KYC at least level 2 will NOT be allowed to participate in this Token Sale

Details and instructions: https://ftx.com/psyoptions-ieo 

To bid during the Token Sale, make sure you read the rules below and do the following in advance:

  1. Register your FTX account and register KYC level 2. Due to the high volume of new registrations, any account registered after 13:00 UTC on 11 January 1 will not be guaranteed to participate in the Sale.
  2. There is no guarantee you will have the right to participate in the sale or receive any allocation.
  3. Book an early notice: The sale starts at 13:00 UTC, January 18.
  4. Prepare capital for bidding: at least 500 USD(T), and at most 600 USD(T) and 5 FTT per ticket
  5. You will have one hour To bid: from 13:00 UTC, January 18 to 01:14 UTC, January 00.
  6. Buy/Stake FTT to lock your additional ticket allocation 24 hours before Sell. This means before 13:00 UTC, January 17th.
  7. Waiting for results
  • There are 2000 tickets accepted, 5,000 PSY each. At 14:00 UTC, we will withdraw the allocations. The minimum bid is $500 and the maximum bid is $600 + 5 FTT ($0.12 per PSY + 5 FTT). They will go to the highest bidders; in case there are more than 2,000 tickets, each with a price of $600 per ticket + 5 FTT, we will allocate them randomly. 
  • Within hours of allocation determination, transactions will be printed to the winning buyer's sub-account and they will be able to transfer funds (non-PSY) out of the PSY-IEO sub-account.
    • If you don't win the slot, your money will be returned
    • If you placed an FTT bid but won the auction without needing it, the FTT will be returned
    • All paid FTT will be burned

Law on participation in auctions

Each auction, if won, results in a transaction: you pay your bid and receive 5,000 PSY tokens. You can enter the number of tickets you want to send. Each ticket is a supplement to another 5,000 PSY Tokens; theoretically the user can win up to several tickets.

  • Any user who is eligible for the sale session (accounts approved at least KYC level 2 and has 150 FTT staked) will receive 1 ticket. You can purchase additional tickets based on FTT staking above the minimum stake requirement

FTT is staked before 13:00 UTC, 17/01/2022

  • ≥ 150: 1 ticket
  • ≥ 290: 2 ticket
  • ≥ 420: 3 ticket
  • ≥ 540: 4 ticket
  • ≥ 650: 5 ticket
  • ≥ 750: 6 ticket

Please note the following:

  • The amount of FTT staked will be aggregated across all your ftx.com sub-accounts.
  • Your maximum number of tickets is pegged based on the number of stakes in the 24 hours prior to the sale. We will show on this page the final numbers a few hours later.
  • Please consider carefully Terms of Service our services, especially as they relate to trading activities and the submission of KYC

Condition

  • All participants agree to abide by the FTX Terms of Service.
  • Any participant found to be in violation of FTX's Terms of Service will be disqualified.
  • FTX reserves the right to amend the Terms and Conditions of this sale without prior notice.
  • Multiple entries from one trader is strictly prohibited and will result in disqualification.
  • U.S. residents or residents of any FTX restricted jurisdictions are strictly prohibited.
  • Resale of purchased PSY is strictly prohibited to residents of the United States or any restricted jurisdiction.

SALE OF PSYOPTIONS AND TOKEN $PSY DOES NOT AND WILL NOT BE OFFERED IN THE USA OR TO ANY PERSON IN THE USA (AS DEFINITED IN THE REGULATIONS ENROLLED UNDER THE AUTHORITY OF 1993, ANNUAL ORDER OF THE COMPANY CHANGE).

What is PsyOptions?

PsyOptions' first product is an American-style options protocol built on the Solana blockchain. The principles that have guided the architecture and evolution of the core protocol are flexibility and composability. It requires absolutely no trust. The core protocol makes no assumptions about how options should be traded or priced. Options are expressed as SPL Tokens, which means they can be traded on any DEX that supports the SPL Token.

V1 will support 100% mortgages, asset payments, cover orders and secure agreements.

Token Terms 

For more details, please see below:

https://docs.psyoptions.io/psy-token

Total PSY: 1,000,000,000

Total PSY for the sale session at FTX IEO: 10,000,000 VND

Unlocked after IEO: Yes

Contact help: https://ftx.com/support

This is a paid press release, so Blogtienao does not endorse and assumes no responsibility or liability for any content, accuracy, quality, advertising, products or other resources. other material in this article. Readers should do their own research before making any move regarding the project. Blogtienao is not responsible, directly or indirectly, for any damage or loss that occurs or is alleged to be caused by or in connection with the use of or reliance on any content, goods or services which are mentioned in the press release.

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