The world’s second largest cryptocurrency exchange bybit by trading volume, declared on 17 February, the introduction of a disclosure structure for listed tokens.
This initiative requires projects to share its first, detailed financial and operating data among centralized exchanges, which provides deep insight to users and supporting more informed decision making.
Listing Billboard of Bybit: A step towards transparency
This initiative introduces the listing billboard of Bibit, a dedicated section where listed projects will regularly publish major matrix, performance data and financial reports. This structure gives investors a clear picture of the development and financial health of a project, offering transparency beyond the initial tokenomics.
The first project to adopt this new disclosure model is Sosovalue, which has shared its major performance indicators only one month after its list. It has completed $ 15 million Series A Funding Round as reported by Crypto.news. This includes:
- Total price lock: $ 190.80m
- Monthly active user on website: 9.79 m
- Monthly Active Wallets: 309,570
- On-chain transaction volume: $ 261.3m
The disclosure structure incorporates five major areas: core financial, token matrix, on-chain activity, governance and community and risk revelations. This comprehensive approach allows traders to monitor the performance of the project over time, assess network health and understand how projects develop.
A commitment to transparency in a transfer market
“Bibit is committed to distributing the level of transparency to our users,” said Emily Baa, the head of the spots and the web3 in Bybit. “The initiative will benefit traders in their research phase and allow them to follow the performance of the project over time, and we are excited for Sosarwale as the first partner on the board.”
Jivawa Kavan, the co-founder of Sosovalu, shared this feeling and said:
“Sosarwale and Bibit shared the ethos of openness and authenticity, which is a trademark of the Crypto and the Defee community. We are proud to be the first 100% transparent project on Bybit and set the bar together in the trust building. ,
