Bybit is thrilled to announce the launch of its token launch site, Bybit Launchpad.

As per the announcement, this new product will debut with a listing of $BIT, the native token of BitDAO, at 00:00 AM UTC on September 22, 2021.

Commenting on the news. Ben Zhou, co-founder, and CEO of Bybit explained:

“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. With Bybit Launchpad, we hope to shine a light on promising projects and help bring game-changing innovations to a wider audience.”

The Bybit Launchpad is designed to help connect innovative crypto projects to prospective users. The Launchpad will also help users gain access to promising projects. In addition, the Launchpad will provide a secure channel for both users and project owners to meet up while having their interests protected.

Notably, the Launchpad will be open to users and projects that have been vested through various processes, including the Know Your Customer (KYC) processes. Users and projects should ensure they comply with local regulatory requirements. 

To celebrate the launch, Bybit is planning to give a bunch of giveaways amounting to 3500 BIT. The giveaway event will last for five days until September 26, 2021. To participate in this event, users ensure their total daily wallet balance over five days is $100. Note, the higher the balance, the more BIT you can get. The new spot pair, BIT/USDT, will be live for trades at 10:00 AM UTC on September 28, 2021.

The first token on the Launchpad will be the BIT token.  BIT is native is one of the largest decentralized autonomous organizations (DAO) created to support the growth of DeFi by reallocating various resources into the ecosystem. 

Established in March 2018, Bybit is one of the fastest-growing cryptocurrency exchanges, with more than 2 million registered users. Built on customer-centric values, the platform endeavor to provide a professional, smart, intuitive, and innovative online trading and cloud mining experience for retail and institutional clients worldwide. Bybit is committed to creating a fair, transparent, and efficient exchange environment and offers 24/7 multi-lingual customer support to assist promptly.