Turbos Launchpad will open the SUI DePin IDO today at 19:00
According to official news, Turbos Finance will launch the Sui DePIN project SUI DePin IDO on Turbos Launchpad at 19:00 today. SUI DePin is a new IDO procurement model officially launched by Turbos Launchpad, providing users with a more efficient and fairer participation method. Unlike the traditional first-come-first-served (FCFS) model, the new model allows users to participate in IDO by pledging $SUI or $TURBOS and allocates based on the pledge amount, optimizing user participation experience.
The new procurement model takes "over-subscription model" as its core and automatically calculates allocation ratios through smart contracts. When a user's pledged funds exceed the target financing amount, the excess part will be automatically returned to their wallet after distribution is completed, ensuring flexibility and maximum utilization of funds. This design not only avoids pressure from rush buying but also reduces risks of wasting funds due to failed participation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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