Fragmetric IDO Goes Live as First Project on Byreal’s Reset Launchpad, All 5 Price Tiers Overfunded in 3 Minutes
Fragmetric has teamed up with Byreal to be the first project to IDO on the Reset Launch platform. The deposit window is open for only 23 hours.
- Published: Jun 30, 2025 at 16:55
- Edited: Jun 30, 2025 at 17:01
Following the unveiling of its upcoming $FRAG token, Fragmetric, a native liquid restaking protocol, has kicked off the first-ever Reset Launch IDO on Byreal. The IDO went live on June 30, 2025.
This launch comes at a time when competition among Solana-based launchpads is as fierce as ever. Platforms like Raydium’s launchpad, Believe app, and Jupiter’s LFG Distribution Stack, amongst others, are all vying to become the go-to venue for early-stage token distribution. Byreal’s Reset Launch brings a new format into this dynamic landscape. Here is everything you need to know about this event:
Reset Launch: A New Way to Participate in IDOs
Byreal’s Reset Launch offers a price-tiered model that gives participants the freedom to choose their risk-reward profile. With five “price bins” ranging from $0.025 to $0.065 per $FRAG, users can spread their bets or commit to a specific price point.
Each tier contains 1,600,000 $FRAG tokens, totaling 8,000,000 $FRAG or 0.8% of the total supply. The IDO aims to raise $360,000 USD in $bbSOL, with participants required to deposit using $bbSOL during the 23-hour deposit period. Deposits opened at 7:30 AM UTC on June 30 and will close at 6:30 AM UTC on July 1, 2025.
There is a 10 $bbSOL cap per whitelisted wallet across all price tiers. Allocations are determined on a pro-rata basis within each bin, and all $FRAG tokens are fully liquid and tradable on the Byreal DEX immediately after the claim period begins at 7:30 AM UTC on July 1st, 2025.
Participants can deposit into one or more price bins on the Reset Launch page. The interface displays estimated allocations, which update in real-time based on the total deposits in each bin. While participants cannot reallocate their funds after depositing, they may make additional deposits up to the 10 $bbSOL limit.
Strong Early Interest
The Fragmetric Reset Launch quickly captured user attention. The $0.025 tier was overfunded in just one second. Within three minutes, all five tiers were fully subscribed. Total $bbSOL deposits exceeded the $360,000 target by more than twice the intended amount, reflecting a strong belief in both Fragmetric and Byreal's new launch format. The rush to participate was driven in part by the relatively low FDV at which the IDO opened, especially when compared to Fragmetric’s closest competitor, Solayer, whose IDO started at a $350 million FDV. With Solayer’s valuation later surpassing $3 billion at all-time high, many saw Fragmetric’s offering as undervalued and full of upside potential. Backing from Bybit for the first project on Byreal’s Reset Launch further added to the appeal.
The IDO elicited numerous comments from social media users who were excited about its progress so far.
There were also some comments about difficulty in connecting to the whitelist checker with Ledger devices.
This overwhelming response highlights not only the demand for innovative projects on Solana but also the community’s enthusiasm for a more equitable and strategic launch process.
Reset Launch’s Unique Approach
Byreal has taken a thoughtful approach with Reset Launch. It limits participation to selected whitelisted users to ensure high-quality engagement and discourage bots. This creates a more meaningful IDO experience and strengthens long-term ecosystem alignment.
Reset Launch stands out with its Smart Price Ladder, allowing participants to choose from multiple price points instead of a fixed one. It's Fairshare Engine aims to reward larger contributions with greater allocations. Investors can diversify across bins to balance risk and opportunity, and tokens are tradeable immediately after launch with no lockups or delays.
Setting The Tone for Token Launches
There is an undeniable demand for token launch platforms that prioritize transparency and fairness.
Fragmetric’s launch through Reset Launch highlights one of several evolving models for token distribution on Solana. As both projects move forward, their progress will contribute to the broader experimentation taking place across Solana’s ecosystem, where different platforms are exploring varied approaches to fairness, liquidity, and community participation.
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