Bybit launches token sale platform ByStarter, Sui project goes first
“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.”
Bybit has announced the launch of ByStarter, its token sale platform with vesting schedule and whitelist functions as part of its plans to give investors access to top-tier Web3 projects and the opportunity to benefit from their potential success.
ByStarter marks a milestone for Bybit’s mission to provide next-level opportunities for the Web3 world. The cryptocurrency exchange was established in 2018 and became one of the world’s leaders in the space, providing a professional platform for crypto traders.
Sui project is first in line on Bybit’s ByStarter
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.”
Sui, one of the most eagerly anticipated crypto projects of 2023, is tapping Bybit to host the sale of the SUI token. Users can register their Bybit UID on the Sui website to verify eligibility and tokens will be released immediately after the subscription period is completed.
Bybit, via ByStarter, will be one of only three crypto exchanges to host the SUI token sale, and will also run four events with a combined 100,000 USDT prize pool so users have more opportunities to pocket SUI.
Sui is a Layer-1 blockchain for Web3
Sui is a permissionless Layer-1 blockchain designed to enable creators and developers to build Web3 experiences. The blockchain uses the proof-of-stake mechanism and the Move programming language, and is designed to offer high throughput and low latency, processing over 120,000 transactions per second, according to Mysten Labs.
The Sui blockchain was developed by Mysten Labs and has onboarded a variety of DEXs, DeFi protocols, launchpads, NFT projects, social platforms, and wallets. The platform brings users a general-purpose blockchain with high throughput, instant settlement speeds, rich on-chain assets, and user-friendly web3 experiences.
