Kraken has partnered with Legion to launch the Yield Basis (YB) project, and the presale is now live. The public sale round is scheduled for October 1st.

BlockBeats News, September 30th, Kraken's collaboration with Legion on the public sale project Yield Basis (YB) has opened the Legion presale portion last night and will continue until tonight at 10 p.m. The presale application results will be announced on the evening of October 1st at 9 p.m. Subsequently, Kraken and Legion will simultaneously start the first-come, first-served public sale round at 10 p.m. on October 1st until the quota is exhausted.

According to data released by Kraken, the total token supply of YB is 1 billion, with 2.5% (25,000,000 YB) allocated for public sale. The fully diluted valuation (FDV) of the public sale is $200 million, with a fixed price of $0.2 per token.

Yield Basis (YB), as the first project of Kraken Launch, is the Bitcoin yield protocol launched by Curve founder Michael Egorov. This token issuance is launched through a collaboration between Kraken and the on-chain project funding platform Legion.