The first phase of Byreal Reset Launch: Detailed explanation of the mechanism and participation steps

Original article by Alex Liu, Foresight News

Byreal launches Reset Launch

Byreal, an on-chain DEX incubated by Bybit, will launch its first phase of Reset Launch at 15:30 today, with Solana's native re-staking protocol Fragmetric launching at the first time. The IDO model adopts a cap-free pricing mechanism, with a total quota of $360,000, the accepted token is bbSOL, and the project token FRAG will be traded directly on Byreal DEX after launch. In terms of CEX (centralized exchanges), Bitget, Gate and other exchanges have also been officially announced.

Byreal is a re-entry to the on-chain track after Bybit announced the closure of most Web3 wallet services, and has been strongly publicized and supported by Bybit. Binance Wallet was "tepid" in the early days, but after the exclusive launch with Creator.Bid at the end of January, it opened up the situation with the "wealth effect", and instantly broke the circle - $500 was invested, and the BID token was worth $4,000 and $5,000.

Will Byreal's first project continue this style of play and use the wealth effect to attract external attention? What are the rules for the first phase of Reset and how do I participate?

Reset Launch mode explained

To put it simply, Reset Launch uses a price-tiered mechanism.

Instead of a first-come, first-served or snap-up model, Byreal Reset Launch 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 wallet with a whitelist (active bbSOL users, top 3000 Fragmetric F Points, TOPU NFT, RateX, Solana Chinese, SoSoValue, etc.) to subscribe to different price tiers within the specified time.

The five price tiers for this edition of Reset Launch are:

• USD 0.025 (1,600,000 FRAG)

• USD 0.035 (1,600,000 FRAG)

• USD 0.045 (1,600,000 FRAG)

• USD 0.055 (1,600,000 FRAG)

• USD 0.065 (1,600,000 FRAG)

The total investment of each whitelist wallet is capped at 10 bbSOL, and the system will distribute proportionally according to the total investment of each slot, if a certain price bracket is oversubscribed, the tokens will be distributed according to the proportion of investment, and the remaining bbSOL will be automatically returned.

It is worth noting that Byreal said that all tokens have no lock-up period after the end of the IDO, and are directly listed on the Byreal DEX and bbSOL trading pairs, and provide a liquidity incentive pool with high APR.

Participation steps and precautions

Preparation stage

• Use a Solana-enabled wallet like Phantom, Backpack, etc., and make sure you have enough bbSOL in your wallet (which can be redeemed via Byreal or staking on Bybit, and DEXs like Jupiter can also be exchanged) and a small amount of SOL as Gas.

• Make sure that the wallet address is on the whitelist, which can be queried on the Byreal Reset page.

• Familiar with the project introduction and new rules, and decide on the participation stall and fund allocation strategy.

Hit the new period

• During the open period (from 15:30 on June 30 to 14:30 on July 1, Beijing time), bbSOL will be injected into different price tiers.

• Each wallet can be invested up to 10 bbSOL and can be spread across multiple tiers.

• It is not possible to adjust the saved slots, but you can continue to add them until the upper limit is reached.

Settlement & Pickup

• After the IDO ends, the system will automatically calculate the proportion of each tier, and users can go to the page to claim the winning FRAG tokens and unused bbSOL.

• The token will be open for trading on the Byreal DEX, supporting the FRAG/bbSOL pool, and high APR liquidity incentives are expected.

Strategy Sharing: How to Play the Best Value for Money?

Although the rules are clear, due to the proportional allocation mechanism, Reset Launch does not guarantee that the full allocation will be obtained, especially if the low-priced tier is easy to be exceeded, and the user is likely to receive only a partial allocation.

Community member @MadLukas 86 proposed a "distributed betting" strategy to maximize the success rate and potential returns. His recommendations include:

Avoid putting all of your bbSOL into the lowest gear ($0.025): While the price is the lowest, this gear tends to be the most crowded and prone to severe dilution.

Allocate to multiple price bands to open up the risk hierarchy: The recommended allocation strategy is, for example, 0.025 for 2 bbSOL, 0.035 for 2 bbSOL, 0.045 for 2 bbSOL, 0.055 for 2 bbSOL, and 0.065 for 2 bbSOL.

Image source: See image

Expected market estimate: If the FRAG online price is $0.30 (pre-market market price), even if only some of the low-price brackets are selected, there is theoretically a considerable floating profit.

epilogue

The mechanics of Byreal Reset Launch are innovative - they retain the participatory and fun nature of new launches, and improve fairness through price tiers and proportional allocation. At the same time, the mechanism of instant trading, no lock-up period and incentive LP also provides guarantee for token liquidity and price performance.

However, there are a few things to keep in mind:

• Although the low-price class is stable and profitable, the actual distribution ratio will fluctuate with the total number of participants;

• Investment needs to measure the fundamentals of the project, not just short-term floating profit;

The success or failure of Reset Launch will be an important litmus test of whether Byreal's IDO model will continue to attract funding for subsequent projects. The performance of the first issue of Fragmetric will not only be a test of its own project strength, but also a key battle to test whether the Byreal Reset model can detonate the wealth effect.

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