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Bybit Web3 Revs Up for Season 2 of Velocity Series NFTs with Renowned Data Artist Kjetil Golid’s Two-Part Collection

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DUBAI, UAE, June 6, 2024 /PRNewswire/ — Bybit Web3, the Web3 division of Bybit —one of the top three global crypto exchanges by trading volume, is thrilled to announce the highly anticipated launch of the collaborative artist collection for the Velocity Series NFTs – Season 2. Building on the success of last year’s groundbreaking collaboration with Oracle Red Bull Racing, this season features a two-part artistic odyssey crafted by renowned data-centric artist Kjetil Golid.

Emily Bao, Bybit Web3 Evangelist, states: “We’re excited to partner with Kjetil Golid, whose unique blend of art and data perfectly captures the essence of Formula 1 racing.  Velocity Series Season 2 promises a thrilling experience for collectors and racing enthusiasts alike.”

A Deep Dive into Kjetil Golid’s Data-Driven Art

Kjetil Golid, a Norwegian visionary with a deep fascination for algorithms and data structures, has used his expertise to craft a unique artistic narrative. His initial exploration of generative art stemmed from a desire to visualize the complexities of various algorithms, and this passion shines through in the Velocity Series NFTs.

The Unveiling: Decision Matrix and Risk/Reward

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The Velocity Series Season 2 concludes with two captivating collections:

Decision Matrix: This intricate artwork depicts a symphony of cogwheels and chip stacks, each piece uniquely representing one of Oracle Red Bull Racing’s 377 races, commemorating their remarkable 20th anniversary.

Risk/Reward: This series delves into the high-octane world of Formula 1, where calculated risks and potential rewards constantly dance on a knife-edge, defining the difference between victory and defeat.

Exclusive Access for Velocity Pass 2.0 Holders

Holders of the coveted Velocity Pass 2.0 can eagerly anticipate the upcoming launch of both the Decision Matrix and Risk/Reward collections. More details regarding the launch process will be revealed soon.

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For further information on the Velocity Series NFT launch and to join this exhilarating journey into the world of Formula 1 art, please stay tuned to Bybit Web3’s official channels.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting. 

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 30 million users globally.

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Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit, please visit Bybit Web3.

About Bybit

Bybit is one of the world’s top three crypto exchanges by trading volume with 30 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Photo – https://mma.prnewswire.com/media/2432158/Bybit_Web3_Velocity_Series_NFTs.jpg 
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Blockchain Press Releases

Bitget Strengthens Partnership with Ethena by Supporting USDe in Earn Offerings and Futures Collateral

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VICTORIA, Seychelles, June 20, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, announced the expansion of the partnership with Ethena, a synthetic dollar protocol developed on the Ethereum blockchain, to introduce its synthetic USDe into services such as Bitget Savings and Coin-Margined (Coin-M) Contracts.

Created by Ethena Labs, USDe is a synthetic dollar that aims to provide a censorship-resistant, stable, and scalable digital asset. Since its inception, USDe has seen its supply skyrocket to over 3.5 billion, with more than 215,000 users. This surge in supply and user adoption signals a significant milestone for USDe in the digital currency realm.

With this new integration, Bitget users can now leverage USDe as a collateral asset to trade coin-margined perpetual futures or as a savings product, both offering an attractive 15% APR. Additionally, Earn product users will benefit from using USDe for both fixed and flexible savings subscriptions, each up to $200,000, creating opportunities for substantial interest gains.

This partnership also broadens the range of trading strategies available, catering to the diverse needs of every Bitget user. Using USDe as yielding margin collateral or through savings greatly enhances capital efficiency by enabling users to expect a different return profile for their assets. Bitget users are the first in the space to benefit by potentially receiving a yield from their stable derivatives margin collateral.

Bitget Savings is one of the Bitget Earn offerings and works similarly to savings in traditional finance. Bitget Savings acts as a backstop for uncertainties and volatilities found in crypto, offering a low-risk financial product similar to traditional savings, tailored for the crypto market with Fixed Savings and Flexible Savings.

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“Our decision to team up with Ethena was driven by their pioneering approach to creating scalable, censorship-resistant synthetic dollars, which aligns perfectly with our mission to provide our users with reliable and cutting-edge financial solutions. Bitget is set to enhance its multifaceted collaborations with Web3 innovative projects, further bolstering the Bitget ecosystem. This initiative underscores Bitget’s commitment to investing in and developing a robust ecosystem as part of its long-term strategic vision,” says Gracy Chen, CEO at  Bitget.

“Ethena’s integration with Bitget marks another significant step forward in expanding access to USDe and creating new use cases for the asset,” said Guy Young, CEO and Founder of Ethena Labs. “From saving to collateral, If traders are using stable assets instead of USDe for basically any function, they are missing out on substantial value – and in continuing to form partnerships with the world’s largest exchanges, our goal is to ensure that no trader has to forgo that value any longer.”

For more information about USDe trading at Bitget, please, visit the official website page.

About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and  Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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About Ethena Labs
Founded in 2023, Ethena Labs is a research, development, and engineering firm building infrastructure supporting the first-ever scalable synthetic dollar alongside a value-accruing “Internet Bond”. The firm is backed by Dragonfly Capital, Arthur Hayes’ family office Maelstrom, and every major crypto futures exchange including incubation from Binance Labs, Bybit, OKX, Deribit, Kraken, Gemini, and other leading investment firms including Franklin Templeton, a venture fund of Fidelity Investments and Brevan Howard Digital. The Ethena Labs team brings deep experience from both traditional finance and crypto, including from firms such as Cerberus, Wintermute, Flow Traders, Paradigm, Deribit, Lido, and Goldman Sachs.

For more information, visit the official website.

Photo – https://mma.prnewswire.com/media/2443674/Bitget_Strengthens_Partnership_Ethena_Supporting_USDe_Earn_Offerings_Futures_Collateral.jpg

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Blockchain Press Releases

CoinGecko Ranks Bittime as Indonesia’s Top #3 Crypto Exchange

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Bittime announced a free airdrop campaign of Palapa tokens, with a total of 3,000,000 tokens.

JAKARTA, Indonesia, June 20, 2024 /PRNewswire/ — Registered Indonesian crypto exchange Bittime, launched only 15 months ago, recently cracked the Indonesian top 3 as per CoinGecko rankings. To celebrate this milestone, Bittime is giving away another round of free Palapa ($PLPA) tokens through a massive phase II airdrop campaign.

“CoinGecko’s recognition is a testament to the unwavering support of Bittime’s loyal users. At Bittime, we prioritize security, convenience, and a diverse range of crypto assets to empower our users, putting users first. These are the core values that have driven Bittime’s success,” explained Ryan Lymn, CEO of Bittime.

Underlining its commitment to be Indonesia’s safest, most trusted, and up-to-date Crypto exchange, Bittime offers a comprehensive selection of tokens, including the latest and popular meme tokens favored by young investors. This focus on variety has helped Bittime succeed in gaining over 1,000,000 users, with youngsters being the predominant crowd.

Bittime further enhances its user experience with a popular staking feature, allowing users to earn passive income while holding their tokens. This feature supports a wide range of mainstream tokens, with popular meme tokens being continuously added as well. Bittime’s staking product is backed by its license issued by the Indonesia Commodity Futures Trading Regulatory Agency (Bappebti), making Bittime one of only two crypto exchanges in Indonesia with this regulatory approval.

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Bittime recently launched its platform token, Palapa ($PLPA), which offers a range of benefits within the Bittime ecosystem. As stated in its official white-paper, Palapa holders enjoy benefits like discounted transaction fees, increased custody service quotas, voting rights, enhanced staking APY, access to exclusive airdrops, and others.

Ryan Lymn, Bittime’s CEO, sees the Palapa token as a key driver for the ecosystem’s growth. He highlights that holding Palapa enhances the user experience through benefits like discounted fees and exclusive opportunities. Ryan further elaborated on Palapa’s role, emphasizing its function as a utility token that grants benefits to Bittime users who hold it.  The roadmap also outlines future plans for derivative products and staking features integrated with Palapa.

To celebrate the launch of their platform token-Palapa, and their last achievements of 1 Million users, Bittime hosted another massive airdrop to give away 3,000,000 PLPA Token ($PLPA). Interested parties can participate in the airdrop campaign through the official social media accounts and websites of Bittime and Palapa token.

About Bittime

Bittime, under PT Utama Aset Digital Indonesia, is a crypto trading platform based in Indonesia that is registered with the Indonesia Commodity Futures Trading Supervisory Agency (Bappebti) and the Ministry of Communication & Information of Indonesia (Kominfo). Bittime is also a member of the Indonesian Blockchain Association (ABI) and the Indonesian Crypto Asset Trading Association (ASPAKRINDO).

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As a crypto trading platform, Bittime leverages blockchain technology to provide fair access to financial independence for everyone, regardless of location or background.

Bittime application can be downloaded on Google Play and the App Store.

For further information, please contact:

Efma Rezki Pasangka
PR & Marketing Communications Manager, Bittime
Email: [email protected] 

View original content:https://www.prnewswire.co.uk/news-releases/coingecko-ranks-bittime-as-indonesias-top-3-crypto-exchange-302177828.html

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Blockchain Press Releases

Bybit Web3 Introduces IDO 2.0 – Redefining Decentralized Fundraising with Robust User Capital Protection and Innovative Gamified Rewards

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DUBAI, UAE, June 20, 2024 /PRNewswire/ — Bybit Web3, the Web3 division of Bybit —one of the top three global crypto exchanges by trading volume—is excited to announce the launch of IDO 2.0, a revolutionary new system designed to empower loyal Bybit Web3 users and democratize access to lucrative Initial DEX Offerings (IDOs).

Since its launch in January 2023, Bybit Web3 IDO has rapidly emerged as a premier platform for discovering and investing in promising blockchain projects.

Key IDO Milestones

Demonstrating remarkable success, the platform has facilitated the launch of over 30 projects, attracted 1.4 million participants, and achieved an average IDO ROI exceeding an astounding 2300%. This has resulted in over $30 million in profits delivered to Bybit Web3 users across diverse chains including Ethereum, Mantle, BNB, Solana, Arbitrum, Blast, and Polygon. Bybit Web3’s initial foray into the IDO space has set a high benchmark for innovation and profitability in the decentralized fundraising landscape.

Sneak Preview of the New IDO 2.0

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Sneak Preview of the New IDO 2.0

New Gamifications Rewarding Loyalty and Engagement

Building on this legacy of success, IDO 2.0 breaks new ground in the industry by prioritizing Bybit Web3 users who have actively participated in the platform’s ecosystem.

A unique IDO score system takes into account factors like Bybit Web3 wallet asset balance and referral program participation. Users with higher IDO scores will enjoy a significantly increased chance of winning allocations in Bybit Web3 IDOs. Additionally, the system rewards frequent IDO participants, ensuring fairer opportunities for everyone.

Enhanced User and Capital Protection with Refund Policy

Bybit Web3 prioritizes user safety and transparency. The recently introduced Refund Policy empowers participants to request full or partial refunds under specific conditions, providing flexibility and security for users.

Bybit Web3 IDO 2.0 represents a significant leap forward in the evolution of IDOs. With its focus on rewarding loyal users, fairer allocation systems, and robust user protection, Bybit Web3 is paving the way for a more inclusive and secure future for decentralized fundraising.

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#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting. 

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 30 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

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For more details about Bybit, please visit Bybit Web3.

About Bybit

Bybit is one of the world’s top three crypto exchanges by trading volume with 30 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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