Connect with us

Hi, what are you looking for?

Loan And Finance

Bybit Launchpad debuts with BIT token listing

finextra logo



Bybit, a popular platform for crypto lovers around the globe, has announced today its token launch site Bybit Launchpad. The first new token to feature on Bybit Launchpad will be $BIT.

Introducing Bybit LaunchpadBybit Launchpad is designed to help connect innovative crypto projects and users who may be interested to gain exposure to promising projects, while protecting users and projects alike. Bybit Launchpad is open to Bybit users who have completed KYC L1, ensuring compliance with local regulatory requirements.

“We at Bybit are constantly inspired and amazed by the intrepid and imaginative experimentation in the crypto space and the talented and committed folks working for a better future of finance,” said Ben Zhou, co-founder and CEO of Bybit. “With Bybit Launchpad, we hope to shine a light on promising projects and help bring game-changing innovations to a wider audience.”

BIT Coming Soon to Bybit Launchpad

BIT is the native token of BitDAO — one of the world’s largest Decentralized Autonomous Organizations (DAOs) that aims to allocate massive financial and talent resources to support DeFi growth. BitDAO is supported by Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Alan Howard, Kain Warwick, SushiSwap, Polygon and more.

Bybit is an initial proponent of BitDAO, and has pledged to contribute 2.5bps of futures trading volume to BitDAO’s treasury. The contribution, at 2021 rates, is projected to exceed $1B per year. The BitDAO treasury balance stands at more than $540M as of Sept. 16.

Bybit’s listing of BIT will include launch rewards and free giveaways for participants. Timing and procedural updates on the BIT listing and airdrop will be updated on the Bybit blog.

.



Source link

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Latest

Top Stories

When cryptocurrencies like Bitcoin (BTC) go through bear phases like the one we currently find ourselves in, the idea of earning passive income from...

Online Business Success

A representational image of the Federal Board of Revenue building. — APP/File The Federal Board of Revenue (FBR) announced that the last date for...

Top Stories

Bitcoin (BTC) needs to go lower before putting in a macro bottom, one of the market’s most accurate indicators shows. Data from sources including...

Technology

In a nutshell: Intel’s accelerated computing group has started shipping its second-gen Blockscale ASIC for SHA-256 cryptocurrencies like Bitcoin. The launch is months ahead...

Top Stories

Expected to reach a market size of $128 billion by 2028, the longevity sector is no longer something that those outside the medical world...

Technology

Why it matters: Customers are often sold cloud services under the guise of “limitless resources” that can be scaled to meet current demands, similar...

Advertisement

You May Also Like

Uncategorized

Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...

Advertisement