BlockBeats news, on September 30, the presale portion of the Yield Basis (YB) project, in partnership with Kraken and Legion, opened last night and will continue until 10 PM tonight. The results of the presale applications will be announced at 9 PM on October 1. Afterward, Kraken and Legion will simultaneously launch a public sale on a first-come, first-served basis at 10 PM on October 1, until the quota is exhausted. According to data released by Kraken, the total supply of YB tokens is 1 billion, with 2.5% (25,000,000 YB) allocated for public sale, and the Fully Diluted Valuation (FDV) for the public sale is 200 million USD, with a fixed price of 0.2 USD per token. Yield Basis (YB), as the first project of Kraken Launch, is a Bitcoin yield protocol launched by Curve founder Michael Egorov, with this token issuance being a collaboration between Kraken and the on-chain project financing platform Legion.
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