Ah, dear audience! Gather ’round as I regale you with the latest news from the bustling bazaar of cryptocurrency! Bybit, that illustrious exchange, second only to the grandest of them all, has proclaimed on the seventeenth day of February, a most noble initiative—a disclosure framework for listed tokens! 🎉
Indeed, this is a first among centralized exchanges, a veritable revolution! Projects must now unveil their financial and operational secrets, granting users the wisdom of the ages—or at least a clearer view of their investments. Who knew transparency could be so fashionable? 😏
Bybit’s Listing Billboard: A Beacon of Clarity!
Behold! The Listing Billboard has arrived, a splendid section where projects shall parade their key metrics, performance data, and financial reports like peacocks flaunting their feathers! This framework bestows upon investors the power of knowledge, illuminating the murky waters of tokenomics and revealing the true essence of a project’s growth and financial vitality. 🌟
And lo! The first brave soul to embrace this new model is none other than SoSoValue, which has already shared its key performance indicators, a mere month post-listing. They have triumphed in securing a dazzling $15 million in their Series A funding round, as reported by the ever-reliable crypto.news. Their achievements include:
- Total Value Locked: $190.80M
- Monthly Active Wallets: 309,570
- On-Chain Transaction Volume: $261.3M
This disclosure framework, my dear friends, encompasses five vital areas: core financials, token metrics, on-chain activity, governance and community, and risk disclosures. A veritable cornucopia of information! Traders can now monitor project performance as if they were watching a thrilling play unfold, assessing the health of the network and witnessing the evolution of these ambitious projects. 🎭
A Pledge to Transparency in a Whimsical Market
“Bybit is committed to delivering the level of transparency our users expect,” declared the illustrious Emily Bao, head of Spot and Web3 at Bybit. “This initiative shall benefit traders in their research stage, allowing them to follow project performance over time. We are positively giddy to have SoSoValue as our inaugural partner!”
And what say you, Jivvva Kwan, co-founder of SoSoValue? He echoed this sentiment with great fervor:
“SoSoValue and Bybit share the ethos of openness and authenticity, a hallmark of the crypto and DeFi community. We are positively bursting with pride to be the first 100% transparent project on Bybit, setting the bar high for trust building!”
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2025-02-17 22:21