Dear MINAX Users,
MINAX Brand Exchange is excited to announce the upcoming IBO (Initial Brand Offering) of the Zelay Network brand asset (Token: ZELS). Users may participate using USDT to exchange for ZELS assets. The offering consists of IBO Partner Assets, which are initially locked but can be redeemed for node rights at any time or unlocked under defined conditions.
I. IBO Details
- Brand Name: Zelay Network Brand Asset (ZELS)
- IBO Period: June 27, 2025, 16:00 – September 27, 2025, 16:00 (UTC+8)
- Total Offering: 70,000 ZELS
- IBO Price: 10 USDT per ZELS
- Allocation per Unit: 100 ZELS per unit (equivalent to 1,000 USDT per unit)
- Participation: All MINAX users can exchange USDT for ZELS via the Web/App [IBO Event Page] during the event.
- Minimum: 1 unit
- No upper limit, first come first served
- How to Participate:
- Web: Visit www.minax.io → Click “IBO Event”
- App: Open MINAX App → Tap the bottom “IBO” tab
II. IBO Partner Benefits
| Benefit Category | Description |
|---|---|
| 1. Lock-up Mechanism | All ZELS obtained via IBO are initially locked and cannot be traded. Users may burn ZELS at any time to redeem node rights. Once unlock conditions are met, ZELS becomes freely tradable. |
| 2. Unlock Conditions (Cumulative) | – Time-based Unlock: 5% released per quarter; linear over 5 years – Price-based Unlock: Unlock 10% each when ZELS hits 15 / 20 / 25 / 30 USDT (one-time per price point) – Referral-based Unlock: Refer 50 node units → Unlock 50% / Refer 100 → Unlock 100% |
| 3. Node Rights Package (Zelay Node includes) | – Node Certificate (valid for 365 days, valued at 100 USDT; activated by burning 50 UGAT + 50 UZEL) – 100 ZEL staking tokens (valued at 25 USDT) – 365-day node hosting service (valued at 80 USDT) |
| 4. Redemption Mechanism | Burn 200 USDT worth of ZELS to redeem 1 Node Rights Package. Nodes are provided by SHENGLI Corp and are backed by real-world assets (RWA), ensuring tangible value. Details on redemption time, method, and node rewards will be announced separately. |
III. About the Brand
Zelay Network is a decentralized bandwidth-sharing and edge-computing network that optimizes idle internet resources through incentivized node operations and a sustainable token ecosystem. Learn more >>
ZELS will be officially listed on MINAX on June 27, 2025. Stay tuned.
IV. Important Notice
- Brand asset prices are subject to market volatility, liquidity, and project performance. Please evaluate your own risk tolerance before participating.
- MINAX, as a trading platform, only provides technical and liquidity support and bears no responsibility for investment outcomes.
- All event-related interpretations are reserved by MINAX.
If you have any questions, feel free to contact our official support at 📩 support@minax.io or visit the Help Center.
Thank you for your continued support.
MINAX Operations Team
June 26, 2025
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【Risk Reminder】The market is subject to risks; investments require caution. The prices of brand assets may experience significant fluctuations due to market conditions, and investors may incur partial or total losses. Please make prudent decisions based on your own financial situation and investment goals. MINAX, as a trading platform, does not bear responsibility for the results of users’ investments.
【Special Note】MINAX reserves the right to modify, change, or cancel this announcement at its sole discretion at any time without prior notice. In the event of any discrepancies between the English and Traditional Chinese versions of this announcement, the Traditional Chinese version shall prevail. The content of this announcement may be updated as needed; please refer to the latest updates.