![Bybit Enhances DeFi Ecosystem with Nulink IDO Launch](http://media.assettype.com/crypto-insider%2F2024-05%2Ff098b251-faeb-41b5-8f50-9f10d8432345%2FDALL_E_2024_05_10_14_56_56___A_digital_illustration_showing_a_futuristic_blockchain_environment_focu.webp?rect=0%2C16%2C1792%2C1008&w=480&auto=format%2Ccompress&fit=max)
Bybit has introduced an Initial DEX Offering (IDO) for Nulink, set for May 12, aiming to raise $200,000 USDC at $0.05 per NLK token. This launch is expected to bolster privacy for decentralized applications (dApps) by utilizing Nulink's unique API, which supports developers in creating privacy-focused applications. The offering, capped at 4 million NLK tokens, underscores Bybit’s commitment to enhancing data security within the dApps landscape, fostering a more secure and reliable environment for developers and users alike.
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