Bybit, a prominent cryptocurrency exchange, recently announced the addition of Saros (SAROS) to its spot trading platform. This registration, scheduled for January 19, 2024, follows the opening of the deposit on January 18 and precedes the withdrawal opportunity set for January 20. As part of this milestone event, Bybit unveiled a special promotion featuring a 50,000 USDT prize pool aimed at celebrating the Saros List and engaging both new and existing users.
This approach is not new for Bybit, as evidenced by a similar initiative for the Inspect Token List (INSP), which included a prize pool of 70,000 USDT, marking a consistent strategy by the exchange to attract users to new listings.
Saros, a blockchain-based platform, recently completed a significant fundraising round, raising $3.75 million from various investors. This round witnessed significant participation from notable entities such as Solana Ventures, Hashed, Spartan, Arche Fund and other industry leaders. The funding is key to Saros’ expansion plans and the development of the Saros Super App, a comprehensive non-custodial web3 application targeted for launch in the first quarter of 2024
The Saros Super app aims to offer a one-stop solution for global payments and transactions, facilitating the transfer of digital assets. The funds raised are expected to boost the app’s development and support its expansion strategies. Along with the app, Saros plans to launch SarosID, a digital privacy solution designed to improve the adoption of Super App services. This decentralized identification system is designed to provide seamless access and encourage user engagement with the Saros ecosystem.
The successful completion of this funding round is an important milestone for Saros, marking a strategic move towards reshaping the decentralized finance landscape. With its focus on fostering innovation and building a more inclusive financial ecosystem, Saros is well positioned to make a profound impact in the world of digital assets.
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