[PRESS RELEASE – Singapore, Singapore, 17th September 2021]
Bybit, a preferred platform for crypto lovers across the globe, has introduced right this moment its token launch web site Bybit Launchpad. The primary new token to function on Bybit Launchpad will likely be $BIT.
Introducing Bybit Launchpad
Bybit Launchpad is designed to assist join modern crypto tasks and customers who could also be to achieve publicity to promising tasks, whereas defending customers and tasks alike. Bybit Launchpad is open to Bybit customers who’ve accomplished KYC L1, guaranteeing compliance with native regulatory necessities.
“We at Bybit are continuously impressed and amazed by the intrepid and imaginative experimentation within the crypto area and the proficient and dedicated of us working for a greater way forward for finance,” mentioned Ben Zhou, co-founder and CEO of Bybit. “With Bybit Launchpad, we hope to shine a light-weight on promising tasks and assist deliver game-changing improvements to a wider viewers.”
BIT Coming Quickly to Bybit Launchpad
BIT is the native token of BitDAO — one of many world’s largest Decentralized Autonomous Organizations (DAOs) that goals to allocate large monetary and expertise assets to assist DeFi development. BitDAO is supported by Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Alan Howard, Kain Warwick, SushiSwap, Polygon, and extra.
Bybit is an preliminary proponent of BitDAO and has pledged to contribute 2.5bps of futures buying and selling quantity to BitDAO’s treasury. The contribution, at 2021 charges, is projected to exceed $1B per 12 months. The BitDAO treasury steadiness stands at greater than $540M as of Sept. 16.
Bybit’s itemizing of BIT will embrace launch rewards and free giveaways for individuals. Timing and procedural updates on the BIT itemizing and airdrop will likely be up to date on the Bybit blog.
For extra particulars about Bybit Launchpad and upcoming token launches, go to https://www.bybit.com/en-US/trade/spot/launchpad/.
Bybit is a cryptocurrency change established in March 2018 to supply an expert platform the place crypto merchants can discover an ultra-fast matching engine, glorious customer support, and multi-lingual neighborhood assist. The corporate offers modern on-line spot and derivatives buying and selling providers, cloud and DeFi mining merchandise, in addition to API assist, to retail and institutional shoppers world wide, and strives to be probably the most dependable change for the rising digital asset class.
For extra data please go to: https://www.bybit.com/
About BIT and BitDAO
$BIT is the native token of BitDAO, one of many world’s largest Decentralized Autonomous Organizations. BitDAO was shaped with the imaginative and prescient of leveling the financial taking part in discipline for each individual on the planet via the acceleration of the decentralized tokenized financial system.
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