Vybit (VI) IDO on ZIGPad — Results are in! 🚀
Oversubscribed by 555%+ 💪 on the ZIGPad, Vybit continues to make headlines as one of the hottest launches around — the credit goes to Ziggys 😉
Hello Ziggys 👋,
In continuation to the Solana-based Vybit (VI) IDO on the ZIGPad, we’re pleased to announce that the session closed with a whopping 555%+ oversubscription 💪, all thanks to YOU, the Zignaly believers 🙇. During the pledge period, we saw 17,792,831.48 ZIG worth ~$1.25 Million+ 💰 pledged against a total raise goal of $225,000 set out by the Vybit team. Goes without saying, this comes as an additional and massive validation for the project. Given our fair and transparent mechanism, we’ve ensured that all of YOU get a piece of the pie, alongside a refund of ZIG as per the oversubscription ratio. With that said, let’s jump right into the results and most importantly the next steps, in line with the ZIGPad rules communicated earlier.
Results 📚
Raise Goal: $225,000 against 5 Million VI ($0.045/VI) 💰
Pledged ZIG: 17,792,831.48 ZIG (worth ~$1,250,302) 🤑
Number of Participants: 1659 users 👨👨👧👦
ZIG Pledge period VWAP*: $0.07027 📈
Oversubsciption: 555%+ 💪
*ZIG VWAP (volume weighted average price) during the pledge period is calculated using: Σ(ZIG Volume * ZIG Price) / Σ ZIG Volume
Now that we have all the data to ascertain the distribution of VI per participant, let’s move to the next steps: 🚶
- Using the ZIG VWAP price of $0.07027 and oversubscription ratio of 5.56x, we’ll calculate the number of VI tokens, and ZIG to be returned and deducted for the 1659 participants 💱To learn more about the calculations, head to our blog on ZIGPad rules.
- Now that the distribution amounts are calculated, the team will initiate the process, where the excess ZIG will be refunded, followed by the distribution of VI, as per the shared release schedule: 💸
1st tranche of 25% VI to be distributed in the users’ Zignaly wallet, on 15th Februrary 2022.
5 traches of 15% VI each to be distributed in the users’ Zignaly wallet on the 15th of each month till July 2022.
And with that, the VI IDO session will be closed! Before we wrap this up, let us share that this is only the beginning of what’s about to come, and we have our community to thank for that 💪. The entire Zignaly team would like to express that with believers like YOU by our side, nothing seems to be impossible👌. Stay tuned because we have a lot coming you way! 😉
Team Zignaly! 🙇
PS: Best of luck to the exceptionally talented and passionate team at Vybit.
Disclaimer:
*** Users from the following countries aren’t able to participate in the Vybit (VI) token sale on the Zignaly ZIGPad platform: Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Canada, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Mainland China, Malaysia, Myanmar (Burma), New Zealand, North Korea, Republic of Macedonia (FYROM), Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine, United States of America (USA), Venezuela, Yemen, and Zimbabwe. This list of excluded countries may be subject to change and may vary from project to project. This post does not constitute investment advice nor should it be misconstrued as such. Certain information set forth in this post contains forward-looking statements and are not guarantees of future actions by Zignaly or any of its affiliates. All investments are subject to high market risk. Please be cautious when making your investments. While Zignaly ZIGPad exerts utmost care in choosing and supporting transformative blockchain projects, we will not be responsible for any investment losses. Zignaly reserves the right to change these rules at any time during, before, or after. Decisions taken by Zignaly are final and can’t be changed or challenged.
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