Psy Options Price (PSY)

PsyOptions IEO on FTX information:

Note: Any user who does not stake 150 FTT by 13:00 UTC, Jan 17th will NOT be allowed to participate in this Sale. Additionally, any user who has not been approved to at least KYC level 2 will NOT be allowed to participate in this Sale.

In order to bid during the Sale, make sure you read the rules below and do the following beforehand:

1. Register your FTX account and submit KYC level 2. Due to a large inflow of new sign-ups, any account that signs up past 13:00 UTC Jan 11th 2022 will not be guaranteed entry into the Sale.
2. There is no guarantee of your right to participate in the Sale or to receive any allocation.
3. Set an alarm in advance: the Sale starts at 13:00 UTC, Jan 18th.
4. Prepare funds to bid: at least 500 USD(T), and at most 600 USD(T) and 5 FTT per ticket
5. You will have one hour to bid: between 13:00 UTC, Jan 18th and 14:00 UTC, Jan 18th.
6. Buy/Stake FTT to lock in your additional ticket allotment 24 hours before the Sale. This means before 13:00 UTC, Jan 17th.
7. Await results

• There are 2000 accepted tickets, each ticket for 5,000 PSY. At 14:00 UTC, FTX will raffle off the allocations. The minimum bid is $500 and the maximum bid is $600 + 5 FTT ($0.12 per PSY + 5 FTT). They will go to the highest bidders; in the event that there are over 2,000 tickets each bidding US $600 per ticket + 5 FTT, FTX will allocate randomly between them. 
• Within a few hours of determining the allocations, the trades will be printed to the winning buyers’ subaccounts, and they will be able to transfer (non-PSY) funds out of the PSY-IEO subaccount.
• If you did not win, your funds will be returned
• If you had bid FTT but would have won the auction without it, the FTT will be returned
• All FTT paid will be burned

Rules for Bidding 

Each bid ticket, if filled, will result in a trade: you pay your bid price and receive 5,000 PSY tokens. You can enter the number of tickets you would like to submit. Each ticket is an additional entry for another 5,000 PSY tokens; several could theoretically be filled.

• Any user who is qualified for the Sale (account is approved to at least KYC level 2 and has 150 FTT staked) will receive 1 ticket. You may be able to purchase additional tickets based on additional FTT staked above the minimum staking requirement

FTT staked by 13:00 UTC, Jan 17th 2022

• ≥ 150: 1 ticket
• ≥ 290: 2 tickets
• ≥ 420: 3 tickets
• ≥ 540: 4 tickets
• ≥ 650: 5 tickets
• ≥ 750: 6 tickets

Psy Options(PSY) token pre-sale platform

• Gate.io Startup: www.gate.io
• FTX IEOs: help.ftx.com