On April 17, 2023, Bybit, the world’s third most frequented cryptocurrency exchange announced the debut of its token sale platform, known as ByStarter, along with its very first project, known as Sui.
ByStarter is a major step forward in Bybit’s effort to provide cutting-edge possibilities to the Web3 community, as per information shared with Finbold by the platform on April 17. Notably, it’s a whitelist and vesting schedule-equipped token sale platform that connects investors with promising Web3 initiatives, increasing the likelihood of financial return.
Co-founder and CEO of Bybit, Ben Zhou:
“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 token to launch on ByStarter
Bybit will be one of only three crypto exchanges in the world to handle the sale of the SUI token. Whitelisted users of Sui may prove their eligibility by registering their Bybit UID on the Sui website. Tokens will be distributed as soon as the subscription period is over.
Lastly, as part of this unique launch project, Bybit will host four competitions with a total prize pool of 100,000 USDT. This will provide users with an increased number of possibilities to win SUI.