Byreal Launches First Phase of New Token Offering, How to Participate?
Written by: Alex Liu, Foresight News
Byreal Initiates Reset Launch
The on-chain DEX Byreal, incubated by Bybit, will launch its first phase of Reset Launch today at 15:30, with the first project being the Solana native re-staking protocol Fragmetric. This IDO model adopts a variable pricing mechanism, with a total quota of $360,000, accepting bbSOL tokens. The project token FRAG will be directly traded on Byreal DEX after launch. On the CEX (centralized exchange) side, platforms like Bitget and Gate have also officially announced their listings.
Byreal represents Bybit's re-entry into the on-chain space after announcing the closure of most Web3 wallet services, receiving strong promotional and resource support from Bybit. Initially, the Binance wallet was somewhat "lukewarm," but after a joint exclusive launch with Creator.Bid at the end of January, it broke through the barriers with the "wealth effect" — investing $500 resulted in BID tokens valued at $4,000 to $5,000.
Will Byreal's first project continue this strategy, gaining explosive popularity through the wealth effect and attracting external attention? What are the rules for the first phase of Reset, and how can one participate?
Detailed Explanation of Reset Launch Model
In simple terms, Reset Launch employs a tiered pricing mechanism for new token offerings.
Byreal Reset Launch does not adopt a first-come-first-served or auction model, but instead has designed a "tiered pricing + proportional allocation" mechanism, with a subscription window of 23 hours. Users need to prepare bbSOL in advance and use whitelisted wallets (active bbSOL users, top 3000 Fragmetric F Points holders, TOPU NFT, RateX, Solana Chinese community, SoSoValue, etc.) to subscribe at different price tiers during the specified time.
The five price tiers for this Reset Launch are:
$0.025 (1.6 million FRAG)
$0.035 (1.6 million FRAG)
$0.045 (1.6 million FRAG)
$0.055 (1.6 million FRAG)
$0.065 (1.6 million FRAG)
The total investment limit for each whitelisted wallet is 10 bbSOL, and the system will allocate tokens based on the total investment at each tier. If a certain price tier is oversubscribed, tokens will be distributed according to the investment ratio, and any remaining bbSOL will be automatically refunded.
It is worth noting that Byreal states that all tokens will have no lock-up period after the IDO ends, and will be directly listed on Byreal DEX with bbSOL trading pairs, providing high APR liquidity incentive pools.
Steps to Participate and Important Considerations
Preparation Stage
Use wallets that support Solana, such as Phantom or Backpack, ensuring there is enough bbSOL in the wallet (which can be exchanged through Byreal or obtained by staking on Bybit; exchanges like Jupiter can also be used for conversion) and a small amount of SOL for gas fees.
Ensure the wallet address is on the whitelist, which can be checked on the Byreal Reset page.
Familiarize yourself with the project introduction and new token offering rules, and decide on the participation tiers and fund allocation strategy.
During the New Token Offering
During the open period (June 30, 15:30 to July 1, 14:30, Beijing time), inject bbSOL into different price tiers.
Each wallet can invest a maximum of 10 bbSOL, which can be distributed across multiple tiers.
Adjustments cannot be made to already deposited tiers, but additional investments can continue until the limit is reached.
Settlement and Collection
After the IDO ends, the system will automatically calculate the allocation ratios for each tier, and users can go to the page to collect their allocated FRAG tokens and any unused bbSOL.
Tokens will be available for trading on Byreal DEX, supporting the FRAG/bbSOL pool, with expected high APR liquidity incentives.
Strategy Sharing: How to Achieve the Best Cost-Effectiveness?
Although the rules are clear, due to the proportional allocation mechanism, Reset Launch does not guarantee full allocation, especially in lower price tiers where oversubscription is likely, meaning users will probably only receive partial allocations.
Community member @MadLukas86 proposed a "distributed betting" strategy to maximize the success rate and potential returns of the new token offering. His suggestions include:
Avoid putting all bbSOL into the lowest tier ($0.025): Although it has the lowest price, this tier is often the most crowded and can be severely diluted.
Distribute investments across multiple price tiers to diversify risk: A suggested distribution strategy could be: 2 bbSOL at $0.025, 2 bbSOL at $0.035, 2 bbSOL at $0.045, 2 bbSOL at $0.055, and 2 bbSOL at $0.065.
Image source: See image
Expected market forecast: If the FRAG listing price is $0.30 (pre-market price), even if only partial allocations are received from the lower price tiers, there could still be considerable unrealized gains.
Conclusion
The mechanism of Byreal Reset Launch is somewhat innovative — it retains the participatory and entertaining aspects of new token offerings while enhancing fairness through tiered pricing and proportional allocation. Additionally, the immediate trading, no lock-up period, and liquidity provider incentives provide assurance for token liquidity and price performance.
However, participants should still be aware of a few points:
While low price tiers are generally profitable, the actual allocation ratio will fluctuate with total participation.
Investments should be evaluated based on the project's fundamentals, rather than solely focusing on short-term unrealized gains.
The success or failure of Reset Launch will be a crucial test for whether Byreal's subsequent project IDO models can continue to attract funding. The performance of the first phase, Fragmetric, will not only test its own project strength but will also be a key battle to determine whether the Byreal Reset model can ignite the wealth effect.
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