Bybit lists MIBR fan token, introduces two new trading bots

Cryptocurrency exchange Bybit has listed MIBR, the fan token of decorated esports team Made in Brazil (MIBR), on Bybit Launchpad 2.0.

Powered by Chiliz, MIBR empowers the global fanbase of a leading esports brand in Brazil, with over 220 thousand subscribers and 6.4 million followers on social media channels. Founded in 2003, in Rio de Janeiro, the organisation is present in all major world esports competitions and currently holds six teams: CS:GO Male and Female; Valorant Male and Female; Rainbow Six Siege and Free Fire.

The listing of MIBR will provide Bybit’s users with a selection of unique and exciting rewards. The token holders will have access to content, activations around players, exclusive rewards and the opportunity to attend events as special guests. MIBR will also host regular polls where its fans can vote and have a direct impact on key fan-related decisions.

Additionally, from Sept. 16 to Sept. 26, 2022, new Bybit VIPs can unlock exclusive access to a 2,000 MIBR prize pool, while traders who also buy a WSOT NFT will get to share a bonus pool of 1,000 MIBR.

Bybit Launchpad 2.0 provides an entire ecosystem for promising projects to take their business to the next level, all the while enabling anyone to participate in backing the rapidly growing number of blockchain projects.

Entrepreneurs can connect with cryptocurrency investors to raise funds and increase their reach with the aim to grow their projects’ fast pace of development.

Bybit Launchpad also vets each project’s offering thoroughly, ensuring users will find audited investment vehicles where they can be assured that their funds are in safe hands. Entrepreneurs, in turn, would leverage this assurance to open up a larger pool of resources to support their projects with liquidity bootstrapping.

As such, Bybit Launchpad is more than a platform for offering tokens. It goes beyond this basic concept to provide advisory services for blockchain startups, which will benefit from Bybit’s huge client base, insights, and experience.

Bybit unveils more trading bots

Meanwhile, Bybit announced that two new grid trading features went live for all registered users. The launch builds on the success of the original trading bot, which has amassed more than $120 million in total trading volume since its rollout back in June. The feature effectively enables users to automate their buy and sell orders and adjust their investment amount.

The new functionalities include an advanced dollar-cost average (DCA) bot and also features artificial intelligence (AI) that sets parameters in order to maximize capital efficiency. On top of that, Bybit has added “Arbitrage Ranking” to the Trading Bot Leaderboard so users can easily identify and learn from effective trading strategies.

Bybit’s new Spot Grid Bot executes low purchase orders and high sell orders within a given price range. The system assists users with access to free-to-follow strategies, as well as customizable strategies that allow users to design tactics and take advantage of market trends.