Cryptocurrency exchange Bybit has launched token listing platform Bybit Launchpad. This is reported on the trading platform's blog.
The first tokensale on Bybit Launchpad launched on September 22, 2021 at 03:00 (MSC). The BitDAO project has put up 5 million BIT management tokens for sale.
BitDAO is a Decentralized Autonomous Organization (DAO) in an investment fund format that manages $552 million in assets.
The BIT listing will support 31 BitDAO partners, including Founders Fund, Pantera Capital, Dragonfly, Spartan Group, Jump Capital, Amber, SushiSwap, Polygon, Alan Howard and Kane Warwick.
Bybit will hold three promotions to celebrate the BitDAO tokensale:
Bybit Launchpad, from 22 to 28 September. The exchange will record the wallet balance of Bybit Launchpad users every hour. Depending on the amount deposited, exchange customers will be able to get up to 1,000 BIT. The organisers will also randomly select 400 winners who will be awarded 2,500 BIT each.
Bybit Launchpool, September 28 to October 30. ByBit users will earn BIT by staking tokens at the ByFi Centre.
BIT Airdrop, 29 September to 16 October. Users will be able to get 600 BIT when they reach a certain trading volume on Bybit. The exchange will announce it additionally.
More information on prizes and terms of participation can be found on the event page.
As a reminder, Bybit launched spot trading in Bitcoin, Ethereum, XRP and EOS with zero maker fees in July.
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