Bybit Launches Token Sale Platform

Cryptocurrency exchange Bybit has announced the launch of its token sale platform, Bystarter. The new launch is part of Bybit’s efforts to improve access to crypto assets for its community.

ByStarter is an innovative token sale platform. It will change the way people invest in cryptocurrencies. Furthermore, it gives users the chance to invest in early-stage businesses before they appear on centralized exchanges. Like ByBit, Bystarter employs a strict selection procedure to ensure that it features only the most creative projects.

Additionally, ByStarter is a platform for enterprises seeking funding even after they have finished their initial exchange offering (IEO). This makes it a versatile and dynamic platform for companies at any level of growth. Interestingly, the new token sale platform already has its first project, Sui.

SUI on Bystarter

Bybit will host the sale of the SUI token for Sui. Interestingly, Sui is one of the most keenly anticipated cryptocurrency projects of 2023. Users can confirm their eligibility by visiting the Sui website and registering their Bybit UID.

In addition, Bybit will offer four events with a total prize pool of 100,000 USDT. This will provide users with more chances to win SUI. The SUI token launch is also available on KuCoin and OKX.

Reacting to the launch, Ben Zhou, co-founder and CEO of Bybit, said, “At Bybit, our mission is to empower our users with opportunities they would not have had elsewhere. I am pleased to open our ByStarter platform and to be partnering with Sui Blockchain for its inaugural project. ByStarter presents our users with one-of-kind opportunities to benefit from the exponential growth crypto is experiencing.”

What Is Sui?

Sui will help developers build Web3 experiences. It processes over 120,000 transactions per second using the proof-of-stake mechanism and the Move programming language. Furthermore, it focuses on delivering high throughput and low latency.

The Sui blockchain already has a wide range of integrated products and services, such as:

  • DEXs
  • DeFi protocols
  • Launchpads
  • NFT projects
  • Social platforms
  • Wallets

In addition, the platform provides its users access to an all-encompassing blockchain with:

  • High throughput,
  • Quick settlement times,
  • A wealth of on-chain assets,
  • And simple web3 experiences.
SUI Whitelist for Early Adopters

According to Bybit, the SUI token will be offered to selected community members via a recognition sale. This sale will begin at 10 a.m. UTC on April 18, 2023. This will be done in honor of the early contributions from the Sui community to the Sui ecosystem and their continued backing. Visit Bybit for more details.

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