Snapshot Rules: How Do They Apply to Bybit Web3 IDO 2.0?
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If you’ve been around the crypto space long enough, you’ll have heard the term “snapshot” dropped here and there. This term is usually paired with the mention of “airdrops,” “giveaways,” “launchpads” and even “initial DEX offerings (IDOs).” Curious to find out more about what a snapshot in the crypto world refers to? Read on to find out everything you need to know.
Key Takeaways:
A snapshot in crypto refers to a screenshot of transactions that have occurred on a blockchain at a specific point in time.
Snapshots are used in various scenarios, including airdrops, giveaways, hard forks and IDOs.
Snapshots are taken three times a day, and IDO scores are calculated based on the average asset amount in your Bybit Cloud Wallet.