HumidiFi, a leading decentralized exchange on Solana, is set to launch its WET token through an initial coin offering (ICO) in November. The token will be issued via Jupiter's Decentralised Token Formation (DTF) platform, marking the first use of this system. Over the past month, HumidiFi has processed $33.3 billion in trade volume, surpassing all other Solana-based exchanges. The ICO will feature tiered access, including whitelisting, staker allocations, and a public first-come, first-served sale. Jupiter attorney Yu Kheng Pek highlighted the fairness of this model over pro-rata allocations, which can be manipulated by large investors. Additionally, JUP stakers will benefit from a discounted pre-sale offer during the ICO.