Bybit Expands Launchpool Platform with SUI Ecosystem Token Pool

Dubai, United Arab Emirates, October 7th, 2024, Chainwire

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the expansion of its Launchpool platform with the introduction of ecosystem token pools. Building on prior successes, including Mantle, Bybit Launchpool now supports the SUI pool, representing a significant milestone in broader ecosystem support and providing more targeted opportunities for token holders.

This initiative underscores Bybit’s long-term commitment to nurturing blockchain ecosystems. The inclusion of SUI as Bybit’s first ecosystem native token pool comes during a promising phase for the project, aiming to enhance user flexibility and align with the needs of the SUI ecosystem.

“We believe that a healthy ecosystem and high-quality projects are key drivers for attracting new users and propelling industry growth. As an open platform with six years of stable operation, Bybit will continue to strengthen collaboration with ecosystem partners, offering mutual support and driving joint development,” said Emily Bao, Head of Spot and Web3 at Bybit.

“Our recent token listing strategy exemplifies this approach—being one of the first exchanges to support TON ecosystem tokens and early to facilitate deposits, withdrawals, and trading of PYUSD on the Solana network. Recently, due to the strong development happening in the SUI ecosystem, we swiftly listed the NAVI protocol, a leading project in SUI, and introduced staking for the SUI token pool on our Launchpool. This marks our first mining pool outside of the Mantle ecosystem native tokens and SUI is just the start. In the future, we will unveil more ecosystem token pools aligned with project characteristics and ecosystem growth, empowering ecosystem development.”

Bybit continues to commit to providing a diverse and rewarding experience to users via its Launchpool platform, which will adapt to the evolving needs of blockchain ecosystems.

For more information and to participate in Bybit Launchpool, visit Bybit Launchpool.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Founded in 2018, Bybit offers a professional platform where crypto investors and traders can access an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit proudly partners with Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.

For more details, visit Bybit Press.

Media Inquiries

Contact:
Tony Au
Head of PR
Bybit
Email: [email protected]

This article was originally published on Chainwire.