Bybit launches token-listing platform Bybit Launchpad

The cryptocurrency exchange Bybit has launched a platform for token listings Bybit Launchpad. This was reported in the blog of the trading platform.

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The first token sale on Bybit Launchpad started on September 22, 2021 at 03:00 (MSK). The BitDAO project put up for sale 5 million BIT governance tokens.

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BitDAO — a decentralised autonomous organisation (Decentralized Autonomous Organization, DAO) in the form of an investment fund that manages assets worth $552 million.

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The listing of BIT will support 31 partners of BitDAO, including Founders Fund, Pantera Capital, Dragonfly, Spartan Group, Jump Capital, Amber, SushiSwap, Polygon, Alan Howard and Ken Warwick.

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Bybit will run three promotions in honour of the BitDAO token sale:

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• Bybit Launchpad, from September 22 to September 28. The exchange will log the balances of Bybit Launchpad users’ wallets on an hourly basis. Depending on the deposit amount, clients may receive up to 1,000 BIT. Also, organizers will randomly select 400 winners who will be credited 2,500 BIT each.

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• Bybit Launchpool, from September 28 to October 30. Users will earn BIT by staking tokens in the ByFi Center.

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• BIT Airdrop, from September 29 to October 16. Users will be able to receive 600 BIT upon reaching a certain trading volume on Bybit. The exchange will announce further details.

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For more details on prizes and participation terms — on the event page.

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In July, Bybit launched spot trading of Bitcoin, Ethereum, XRP and EOS with zero maker fees.

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