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Thursday, August 8, 2024
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    HomeFinanceCetus DEX IDO oversubscribed after Sui mainnet launch

    Cetus DEX IDO oversubscribed after Sui mainnet launch

    Only a few hours after the Could 8 The Cetus Decentralized Trade Preliminary Providing (IDO) has begun and its objective of 800,000 Sui (SUI) tokens has already been reached. surpassed, with greater than 6 million SUIs value roughly $6.85 million. USD on the time of publication. The builders stated that IDO reached its preliminary goal in lower than 30 seconds after the sale began.

    Cetus is a DEX and liquidity protocol constructed on prime of Sui and Aptos. The IDO, which is scheduled to happen on Could 8-10, continues to be going forward regardless of the preliminary goal being reached. In the course of the IDO, 20 million Cetus Tokens (CETUS) could be taken from a complete provide of 1 billion CETUS. Customers can pledge SUI in alternate for CETUS at an alternate price of 1 SUI to 25 CETUS. The principles and tokens of the general public sale, in addition to the value of SUI, would permit Cetus DEX to be valued at an preliminary value of 45.8 million. USD.

    Proceed studying Coin Telegraph.

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