FTX will conduct an initial exchange offering (IEO) of Mercurial Finance Project management tokens (MER)
https://help.ftx.com/hc/en-us/articles/360060696391-How-to-participate-in-the-Mercurial-Sale Mercurial Finance a DeFi protocol for storing, exchanging and issuing stablecoins on the Solana blockchain. The project received funding from Alameda Research, Solana Ecosystem Fund, OKEx, and Huobi.
The Mercurial Finance token sale will start on May 13 at 13:00 (UTC). To participate, you need to pass the second-level verification and send it to the staking from 150 FTT
FTX will issue 1000 tickets with a nominal value of 4000 MER on IEO. Participants will receive one ticket each. However, the organizers do not guarantee the participation of users with registration later than May 4 13:00 (UTC)
The crypto exchange can issue additional tickets to users. Their number depends on the number of tokens in the staking the day before the tokensale:
from 150 FTT — 1 ticket;
from 1,000 FTT — 2 tickets;
from 10,000 FTT — 3 tickets;
from 50,000 FTT — 4 tickets;
from 250,000 FTT — 5 tickets;
from 1,000,000 FTT — 6 tickets.
The organizers recommend that you prepare the funds for the IEO in advance:
400 USDT for the minimum bid ($0,1 per MER);
500 USDT and 5 FTT for the maximum bid ($0,125 per MER + 5 FTT)