Ballast.Fi IDO Overview

Ballast.fi ($BLT)

What is Ballast.Fi

Ballast is a DeFi infrastructure initiative built on Sui, an upcoming and scalable L1 solution. The on-chain DeFi suite by Ballast provides a CEX-competitive experience to DeFi users.

Founded in November 2022, Ballast is one of the first products to offer a complete trading suite solution on Sui. The advantages of the suite model include better user experience compared to a simple AMM : flexible liquidity, easy access for institutional traders, secure and transparent on-chain verification, opportunity to price different types of instruments, and trading robots interoperability.

The Ballast infrastructure unlocks the opportunity to change various types of assets with different levels of complexity in the DeFi space including but not limited to perpetual & quarterly futures, power perpetuals, floor perpetuals, options, exotic options, everlasting options, options vaults, basis trading, fixed yield, structured products, and RFQ.

What is Ballast their mission?

Ballast aims at providing Sui users and projects with a comprehensive infrastructure for building and trading on-chain spot assets and derivatives, and ensuring a CEX-competitive user experience. Thus, Ballast’s mission is the extension of DeFi services offered on Sui and other blockchains as well as the attraction and onboarding of the CeFi audience to on-chain trading and investments. 

IDO Information

IDO Date: 25th of July

Staking participants registration OPEN: TBA
Staking participants registration CLOSED: 25th July, 07:00 AM

Public sale round OPEN: 25th July, 02:00 PM UTC
Public sale round CLOSED: 26th July, 10:00 AM UTC

Start FCFS round OPEN: 26th July, 12:00 PM UTC
Start FCFS round CLOSED: 27th July, 08:00 AM UTC

How do I join the presale?

• Stake MSHIB tokens and grab your tier!
• Register your wallet during the “staking participants round”
• Invest USDT on ERC-20 during the “public sale round”
• All tokens that are unsold will be sold during the “FCFS round”
• Receive your presale tokens on your wallet on launch day

Please note: that to participate in the investment round, you must have signed up with your wallet during the “staking participants registration round”!

Listing information

Listing on Ballast.fi DEX: 28th July, 01:00 PM UTC

Token information

Token tikker: $BLT
Token price public round: $0,0069275
Maximum token supply: 1.000.000.000
Tokens sold on Magic Shiba Starter: 7.217.610 $BLT ($50.000)
Circulating Supply at listing: 7.217.610 $BLT
Mcap at listing: $300.000 USD

Vesting information 

Public round vesting: 100% unlock!

Tokenomics

1 billion BLT will be minted at genesis and will become accessible over the course of 4 years. The initial four year allocation is as follows:

• 60.00% to Ballast community members 600,000,000 BLT
• 21.266% to team members and future employees with 4-year vesting 212,660,000 BLT
• 18.044% to investors with 1-year vesting 180,440,000 BLT
• 0.69% to advisors with 4-year vesting 6,900,000 BLT

Ballast official links

WEBSITE | TWITTER | DISCORD | DOCUMENTS