Original author: Alex Liu, Foresight News
Byreal Reset Launch
Byreal, an on-chain DEX incubated by Bybit, will launch its first Reset Launch at 15:30 today. The first project to go online is Solana's native re-staking protocol Fragmetric. This IDO model adopts a limit-not-price mechanism with a total quota of 360,000 US dollars. The token accepted is bbSOL , and the project token FRAG will be traded directly on Byreal DEX after the launch. In terms of CEX (centralized exchanges), Bitget, Gate and other exchanges have also officially announced their launch.
Byreal is Bybit 's re-entry into the on-chain track after it announced the closure of most Web3 wallet services, and has received strong publicity and resource support from Bybit. Binance Wallet was "lukewarm" in the early days, but after an exclusive launch with Creator.Bid at the end of January, it opened up the market with the "wealth effect" and broke through the circle instantly - investing $500, the BID token is worth $4,000 or $5,000.
Will Byreal's first project continue this approach, using the wealth effect to become an instant success and attract external attention? What are the rules for the first Reset and how to participate?
Reset Launch mode detailed explanation
Simply put, Reset Launch adopts a price-ladder mechanism for new issuance.
Byreal Reset Launch does not adopt a first-come, first-served or rush-to-buy model , but has designed a "tiered pricing + proportional allocation" mechanism with a 23-hour window for new listings. Users need to prepare bbSOL in advance and use a whitelisted wallet (active bbSOL users, top 3,000 Fragmetric F Points, TOPU NFT, RateX, Solana Chinese, SoSoValue, etc.) to subscribe to different price tiers within a specified time.
The five price levels of 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 whitelist wallet is 10 bbSOL. The system will allocate the total investment in each tier in proportion. If a certain price tier is oversubscribed, tokens will be distributed according to the investment ratio, and the remaining bbSOL will be automatically returned.
It is worth noting that Byreal stated that all tokens will have no lock-up period after the end of the IDO, and will be directly listed on the Byreal DEX and bbSOL trading pairs, and provide a liquidity incentive pool with a high APR.
Participation steps and precautions
Preparation
Use a wallet that supports Solana, such as Phantom or Backpack, and make sure there is enough bbSOL in the wallet (can be exchanged by Byreal or obtained by staking on Bybit, and can also be exchanged on DEX such as Jupiter) and a small amount of SOL as Gas.
Make sure your wallet address is on the whitelist, which can be checked on the Byreal Reset page .
Familiarize yourself with the project introduction and new issuance rules, and decide on the participation level and fund allocation strategy.
During the IPO period
During the open period (15:30 on June 30 to 14:30 on July 1, Beijing time), bbSOL will be injected into different price levels.
Each wallet can invest up to 10 bbSOL, which can be distributed to multiple tiers.
The stored gear cannot be adjusted, but can be added until the upper limit is reached.
Settlement and collection
After the IDO ends, the system will automatically calculate the ratio of each gear, and users can go to the page to claim the winning FRAG tokens and unused bbSOL.
The token will be available for trading on Byreal DEX, supporting FRAG/bbSOL pools, and high APR liquidity incentives are expected.
Strategy sharing: How to achieve the best value for money?
Although the rules are clear, Reset Launch does not guarantee full allocation due to the proportional allocation mechanism, especially when low-priced tiers are prone to over-allocation, and users are likely to only receive partial allocation.
Community member @MadLukas 86 proposed a "distributed betting" strategy to maximize the success rate and potential returns of new listings. His suggestions include:
Avoid putting all of your bbSOL into the lowest tier ($0.025): Although it has the lowest price, this tier tends to be the most crowded and prone to severe dilution.
Allocate to multiple price levels to expand the risk levels: the recommended distribution strategy is, for example: 2 bbSOL invest 0.025, 2 bbSOL invest 0.035, 2 bbSOL invest 0.045, 2 bbSOL invest 0.055, 2 bbSOL invest 0.065.
Image source: See image
Expected market forecast: If the listing price of FRAG is $0.30 (pre-market price), even if only some low-priced items are won, there will theoretically be considerable floating profits.
Conclusion
The mechanism of Byreal Reset Launch is innovative to a certain extent - it retains the participation and fun of new listings, and improves fairness through price tiers and proportional distribution. At the same time, the mechanism of immediate trading after listing, no lock-up period and LP incentives also provides guarantees for token liquidity and price performance.
However, participants still need to pay attention to a few points:
Although the low-price tier is a guaranteed profit, the actual distribution ratio will fluctuate with the total amount of participation;
Investments must be based on project fundamentals rather than short-term profit.
The success or failure of Reset Launch will be an important test of whether Byreal's subsequent project IDO model can continue to attract funds. The performance of the first Fragmetric is not only a test of its own project strength, but also a key battle to test whether Byreal's Reset model can trigger a wealth effect.
