Express

Bybit Donated Over $85 Million In Crypto To The BitDAO Treasury

Mary Liu

Summary: Cryptocurrency derivatives exchange Bybit announced that it will provide approximately $85.8 million in donations (in the form of ETH, USDT and USDC) to the treasury of BitDAO, a decentralized autonomous organization. The amount is equivalent to 0.025% of Bybit futures trading volume from October 1st to October 31st. The exchange also promised to make regular ...

Cryptocurrency derivatives exchange Bybit announced that it will provide approximately $85.8 million in donations (in the form of ETH, USDT and USDC) to the treasury of BitDAO, a decentralized autonomous organization.

The amount is equivalent to 0.025% of Bybit futures trading volume from October 1st to October 31st. The exchange also promised to make regular donations. 

BitDAO aims to support the builders of the decentralized economy. It is an open platform for proposals voted by BIT token holders and has nothing to do with chains and projects. Anyone can propose partnerships and protocol upgrades for BitDAO, and BIT token holders will vote to approve or reject these proposals.

By Mary Liu

Last Update:

Tags: ,,,
Link: Bybit Donated Over $85 Million In Crypto To The BitDAO Treasury   [Copy]
  • The Bitcoin Halving is Complete! What’s Next? 3 days ago
  • Runes on Bitcoin: The Next Big Opportunity? 6 days ago
  • Uniswap Sued by SEC: What Does it Mean for the Future of DeFi? 11 days ago
  • The Value of Web3 Social, Explained 11 days ago
  • Initiated by Uweb and Waterdrip Capital, "Deep in Labs" announces its DePIN Demo Day 25 days ago
  • You need to login to comment.