BitDAO IDO Raised More than $ 245M in 30 Minutes: 71k $ETH and 80k $SUSHI
BitDAO is raising funds on the Sushi IDO platform MISO in the form of Dutch auctions. As of 21:30 (GMT+8) , a total of 800k $SUSHI and 71k $ETH were raised within 30 minutes of the auction, which is worth a total of $245 million. The two pools currently auctioned are left 36%(ETH pool) and 80%(SUSHI pool) respectively.
BitDAO is a DeFi DAO organization initiated by the derivatives exchange Bybit. It is invested by a number of institutions, including Peter Thiel, Founders Fund, Pantera Capital and Dragonfly Capital, which raised a total of US$230 million.