Introduction:

Velar is excited to announce our upcoming Initial Exchange Offering (IEO) in partnership with Bybit Launchpad. This offering is set to take our platform to new heights and our community an incredible opportunity to be part of our growth. In this blog post, we'll guide you through the steps to participate in the Velar IEO on Bybit Launchpad.

Step 1: Mark Your Calendar

• 30th March: Snapshot period commences

• 2nd April: 24-hour listing countdown begins on Bybit

• 3rd April: Velar Lottery goes live, and Bybit listing is launched

  
  

Step 2: Prepare Your Bybit Account

To participate in the Velar IEO, you need to have a verified Bybit account and create a Bybit Web3 Wallet. If you don't have them already, follow these steps:

• Visit the Bybit website (https://partner.bybit.com/b/velar) and click on "Register"

• Complete the registration process by providing the required information

• Verify your account by submitting the necessary documents

• Create a Bybit Web3 Wallet by navigating to the wallet section and following the prompts

Step 3: Fund Your Bybit Funding Account

To purchase Velar tokens during the IEO, ensure that you have sufficient USDT in your Bybit Funding Account. You can deposit USDT or purchase it directly on the platform.

Step 4: Participate in the Snapshot

On 30th March, the snapshot period will begin. During this time, Bybit will take a snapshot of users' accounts to determine their eligibility for the IEO. Make sure to have the required assets in your account to qualify for the lottery.

Step 5: Join the Lottery 

On 3rd April, the Velar Lottery will go live on Bybit’s Launchpad. To participate:

• Navigate to the Bybit Launchpad page

• Select the Velar IEO

• Click on "Join Lottery"

• Choose the number of lottery tickets you want to purchase

• Confirm your participation

  
  

Step 6: Await Lottery Results 

After the lottery period ends, Bybit will announce the winners. If you're among the lucky individuals to win a lottery ticket, you'll be able to purchase Velar tokens at the IEO price.

Step 7: Purchase Velar Tokens 

On 3rd April, the Bybit listing will go live. If you won a lottery ticket, you can now purchase Velar tokens:

• Navigate to the Velar IEO page on Bybit Launchpad

• Click on "Purchase"

• Enter the amount of Velar tokens you wish to buy

• Confirm your transaction

  
  

Step 8: Celebrate and Choose Your Path 

Congratulations! You're now a proud owner of Velar tokens. You have two options:

• HODL your $Velar tokens on Bybit and be a part of Bitcoin DeFi journey

• Withdraw your $Velar tokens from Bybit, bridge them to the Stacks chain, and engage with the Velar DeFi app by staking your tokens, providing liquidity, or swapping.

Final Thoughts

Participating in the Velar IEO on Bybit Launchpad is a simple process that can potentially reward you with Velar tokens at an attractive price. By following these steps and staying updated with our announcements, you can be part of our exciting journey. Don't miss out on this incredible opportunity to join the Velar community!