The Initial Issuance of Himalaya Coin will be made available to members of the Himalaya Exchange on a private placement basis.

This means that only members who have been formally notified by the Himalaya Exchange prior to the commencement of, or during Phase 1, that they may participate in the Initial Issuance (the customers are referred to as "Private Placement Participants") are able to pre-order Himalaya Coins.

Private Placement Participants may purchase Himalaya Coin Credits as part of the Initial Issuance; however, the private allocation offer will expire on the date of commencement of Phase 3.

https://support.himalaya.exchange/hc/en-gb/articles/360019422157-Initial-Issuance

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