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Bybit Launchpool introduces SUI to actively expand ecosystem token pool

2024-10-07 11:27
Odaily News Bybit announced that its Launchpool platform has further expanded the functionality of the ecosystem token pool. Building on the previous successful integration of Mantle, Bybit Launchpool now supports SUI pools, marking an important step for the team to broadly support ecosystem development and provide more targeted opportunities for token holders. This new initiative reflects Bybit's long-term commitment to promoting the development of the blockchain ecosystem. The introduction of SUI as Bybit's first ecosystem native token pool comes at a critical time in the active development of the project. With Circle's recent issuance of USDC on the SUI blockchain, Bybit made a strategic decision to replace the existing USDT pool with a USDC pool, which will provide users with greater flexibility and better meet the needs of the SUI ecosystem. Emily Bao, Head of Spot Trading Division and Web3 at Bybit, said: "We believe that a healthy ecosystem and high-quality projects can continue to attract new users and are the driving force behind the development of the industry. As an open platform that has been operating stably for six years, Bybit will continue to work closely with ecosystem partners to support each other and develop together. This is reflected in our recent coin listing strategy. Bybit is one of the first exchanges to announce support for the launch of TON ecosystem tokens, and is also the first exchange to support Solana chain PYUSD deposits, withdrawals and trading. Recently, the SUI ecosystem has been developing strongly. We quickly launched the ecosystem's leading project NAVI protocol and supported Launchpool staking mining for the SUI token pool. This is also the first time that Bybit has opened a mining pool other than the Mantle ecosystem native token, and SUI is just the beginning. Next, we will introduce more ecosystem token pools based on project characteristics and ecosystem development to enable the sustainable development of the ecosystem." Bybit will continue to be committed to providing users with a diverse and attractive experience through its Launchpool platform, and will continue to evolve with the needs of the blockchain ecosystem.