Yield Basis YB Token Presale Concludes, Allocation Results Pending

The Yield Basis presale, led by Curve founder Michael Egorov, raised $195 million from over 60,000 addresses, far surpassing the target by 98 times. Allocation results will be sent to participants within 24 hours.

BTC

Summary

Legion has announced the conclusion of the Yield Basis YB token presale, raising $195 million—98 times its target. Over 60,000 addresses participated, and allocation results will be emailed within 24 hours. Unsuccessful participants can refund before the main sale, which will follow a first-come, first-served model.

Terms & Concepts
  • Presale: An initial offering period for a token before it becomes available in the general market, often with priority allocation for early participants.
  • First-Come, First-Served Sale: A sales method where tokens are allocated in order of purchase requests, favoring those who act earliest.
  • Bitcoin Yield Protocol: A blockchain-based system designed to generate returns from Bitcoin holdings through various yield-generating mechanisms.