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SINGAPORE – Media OutReach – 17 September 2021 – 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
Launchpad
Bybit 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.
For more details about Bybit Launchpad and upcoming token launches,
go to https://www.bybit.com/en-US/trade/spot/launchpad/.
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