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Bybit Launchpad Debuts With BIT Token Listing By DailyCoin

by Mike Robinson

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Bybit Launchpad Debuts With BIT Token Listing

Bybit, a popular platform for crypto lovers around the globe, has announced today its token launch site Bybit Launchpad. Bybit Launchpad’s first token 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 Users who have successfully completed KYC L1 are eligible to use Bybit Launchpad. This ensures compliance with all local regulations.

“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’s supporters include Peter Thiel, Founders Fund and Pantera.

Bybit is an initial proponent of BitDAO, and has pledged to contribute 2.5bps of futures trading volume to BitDAO’s treasury. At 2021 rates the contribution is expected to be more than $1B annually. At September 16th, the BitDAO’s treasury balance stood at $540M.

Bybit’s listing of BIT will include launch rewards and free giveaways for participants. On the Bybit Blog, you will find updates about timing and procedure regarding the BIT airdrop and listing.

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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