ByBarter Opens IDO Allowlist for $28M Crypto-Friendly Neobank

ByBarter, a decentralized crypto-friendly neobank, has opened its Initial Dex Offering (IDO) allowlist, marking a significant milestone in its mission to redefine digital banking for DeFi and DEX enthusiasts. The platform emphasizes a self-custodial approach, enabling users to retain full control over their assets without relying on third parties.

The IDO carries a fully diluted valuation of $28 million, with token vesting structured to ensure sustainable growth. Participants will receive 20% of tokens at the Token Generation Event, with the remainder distributed linearly over four months. ByBarter's offerings mirror traditional banking services but are firmly rooted in decentralized finance.

Polkastarter announced the news via its official X account, highlighting features like borderless debit card access and non-custodial wallet integration. The MOVE underscores the growing convergence of traditional banking utilities with blockchain technology.