Bybit Adds Saros (SAROS) to Spot Trading Platform
Bybit, a prominent cryptocurrency exchange, has recently announced the addition of Saros (SAROS) to its Spot trading platform. Scheduled for January 19, 2024, this listing follows the deposit opening on January 18 and precedes the withdrawal availability set for January 20. Bybit’s move to include Saros highlights the exchange’s commitment to expanding its offerings and catering to the needs of its users.
Bybit Offers 50,000 USDT Prize Pool for Saros Listing Promotion
To celebrate the listing of Saros, Bybit has unveiled a special promotion featuring a 50,000 USDT prize pool. This initiative aims to engage both new and existing users, encouraging them to participate in the trading of Saros. Bybit has consistently implemented similar strategies in the past, as seen with the Inspect (INSP) token listing, which featured a generous 70,000 USDT prize pool. This approach not only attracts users to new listings but also helps to create a vibrant and active trading community on the platform.
Saros Raises $3.75 Million in Funding for Super App Development
Saros, a blockchain-based platform, recently completed a significant fundraising round, securing $3.75 million from various investors. Notable entities such as Solana Ventures, Hashed, Spartan, Arche Fund, and other industry leaders participated in this round. The funds raised play a vital role in Saros’ expansion plans and the development of their flagship product, the Saros Super App. This comprehensive, non-custodial web3 application is targeted for launch in the first quarter of 2024.
Saros Super App to Transform Global Payments and Transactions
The Saros Super App aims to be a one-stop solution for global payments and transactions, enabling the seamless transfer of digital assets. With the funding secured, Saros can further drive the development and implementation of their app, ensuring a user-friendly and efficient experience. Additionally, Saros plans to launch SarosID, a privacy-preserving digital solution that will enhance the adoption and engagement within the Saros ecosystem.
Saros Secures Funding Milestone, Reshaping DeFi Landscape
The successful completion of the fundraising round is a significant milestone for Saros. This achievement highlights their strategic move towards reshaping the decentralized finance (DeFi) landscape. Saros’ focus on fostering innovation and building a more inclusive financial ecosystem sets them apart in the world of digital assets. With their well-funded plans and the upcoming launch of the Saros Super App, Saros is poised to make a profound impact on the adoption and utilization of digital assets, offering new possibilities for global payments and transactions.
Analyst comment
Positive news: Bybit adds Saros (SAROS) to its Spot trading platform and offers a 50,000 USDT prize pool for a listing promotion. Saros raises $3.75 million in funding for the development of its Saros Super App. The app aims to transform global payments and transactions and reshape the DeFi landscape. Analyst prediction: The market is likely to see increased participation and activity on Bybit’s platform with the addition of Saros, and Saros’ well-funded plans and innovative offerings have the potential to drive adoption and utilization of digital assets.
