September 23, 2021

Bybit launches Bybit Launchpad token listing platform

Bybit launches Bybit Launchpad token listing platform

Cryptocurrency exchange Bybit has launched Bybit Launchpad, a platform for placing tokens. This is reported in the blog of the trading platform.

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

BitDAO is a Decentralized Autonomous Organization (DAO) in the format of an investment fund that manages $552 million in assets.

The BIT listing will be supported by 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 in honor of the BitDAO tokensale:

  • Bybit Launchpad, from September 22 to 28. The exchange will record the balance of Bybit Launchpad users' wallets every hour. Depending on the amount of the deposit exchange customers will be able to get up to 1,000 BIT. Also, the organizers will randomly choose 400 winners, who will be awarded 2,500 BIT.
  • Bybit Launchpool, September 28 through October 30. ByBit users will earn BIT by stacking tokens at the ByFi Center.
  • BIT Airdrop, from September 29 to October 16. 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 about prizes and conditions of participation - on the page of the event.

Recall that in July Bybit launched spot trading in bitcoin, Ethereum, XRP and EOS with zero maker fees.

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Jack Evans

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About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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