Stabull Labs Reveals Public Sale of $STABUL Token on ProBit Global Exchange
Stabull Labs, a stablecoin and real-world asset (RWA) decentralised exchange (DEX) operator, has announced plans to launch the public sale of its governance token, $STABUL, on ProBit Global Exchange.
Following its design, Stabull operates as a DEX optimised for stablecoins and RWAs, utilising off-chain price oracles to ensure accurate pricing of tokens within its pools.
Currently, the platform supports a growing list of audited stablecoins and tokenized commodities, such as EURS, GYEN, NZDS, TRYB, and USDC on Ethereum. This also includes broader support on Polygon, including BRZ, COPM, DAI, PAXG, PHPC, USDT, XSGD, and more.
The public sale, scheduled to commence on Wednesday, 16th April, will offer early investors the opportunity to acquire the tokens before their official listing on ProBit in mid-May. This follows plans to allow the team to accelerate protocol and dApp upgrades, expand the number of available pools, and continue building the premier DeFi platform for discovering, swapping, and earning yield on audited stable assets.
According to the announcement, the Initial Exchange Offering (IEO) will be conducted in three phases, starting with a 72-hour offering on ProBits Launchpad at a fixed price of $3 per token.
Nonetheless, Stabull has announced the upcoming sale of its $STABUL token after conducting intensive Airdrop campaigns that stress-tested the protocol for six months. The campaign saw Stabull processing tens of thousands of transactions, facilitating over $3.7 million in stablecoin and RWA swaps across the 12 currently supported assets.
Following the conclusion of the airdrop campaign, Stabull has implemented its standard fee structure, stipulated at 0.15% per swap (per pool utilised). Seventy percent of fees will be distributed to Liquidity Providers, and the remaining fees will be reinvested into protocol operations.
Fran Strajnar, the Core Contributor at Stabull Labs, commented on the upcoming token sale, saying, Were excited to partner with ProBit Globals Launchpad for the public sale of the $STABUL token.
This launch represents over two years of focused work to deliver a DEX purpose-built for stablecoins and real-world assets, Strajnar added.
Read more: https://zycrypto.com/stabull-labs-reveals-public-sale-of-stabul-token-on-probit-global-exchange/
Text source: ZyCrypto
