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Bit2Me Raises $23.9M After Several Successful Token Sales

Spanish cryptocurrency trade, Bit2Me, has efficiently raised $23.9 million (20M EUR) following three highly-demanded public sale rounds for its newly launched token, B2M. The first public sale, launched on September sixth, 2021, noticed a staggering $5.9 million raised in simply 59 seconds, adopted by a second which raised $8.8 million in simply 47 seconds. The last part bought out in simply 38 seconds, involving over 7,000 contributors. Each marks among the quickest and largest grossing for a public sale of an exchanged-based token in crypto historical past.

In addition to this staggering retail demand, Bit2Me additionally drew on its current community of companions and traders, securing an extra $3.3 million in personal funds. Moreover, the Spanish trade is assured this momentum will carry via to November 1st when B2M goes reside on Bit2Me’s personal cryptocurrency trade, given each the determine raised to this point and the expansion of and curiosity from the neighborhood since B2M was launched.

Commenting on the token sale’s success, Koh Onozawa, a current addition to Bit2Me’s advisory board, stated that the gross sales are the product of “6 years of hard work and community building” undertaken by Bit2Me, with the staff having “bootstrapped” the trade from a small unknown trade, to one of many largest in Europe, and the biggest within the Spanish talking world.

Onozawa went on to say that the staff is excited to see what the long run brings for the trade and the change and influence it would have on the cryptocurrency trade trade as a complete:

“We [Bit2Me] won’t stop until everyone can easily discover access and operate with crypto in their day-to-day lives.”

Evolving the Cryptocurrency Exchange Industry

Indeed, pursuant to this mission, Bit2Me has been on a growth spree, reflecting its goal to develop into a one-stop ecosystem for all issues cryptocurrency-related. Their product portfolio, aptly named the Bit2Me Suite, consists of a spread of merchandise particularly designed to cater to the bespoke wants of its dedicated user-base.

These comprise a collection of trade companies, together with Bit2Me Wallet – a multi-asset storage and trade software that hosts over 60 completely different crypto belongings, Bit2Me Trade – a high-frequency buying and selling platform supporting market, restrict and stop-limit orders and an over-the-counter (OTC) buying and selling desk to help high-volume transactions.

Additionally, Bit2Me has rightly focussed on the world of the crypto-world which nonetheless arguably requires a major quantity of consideration – fiat-crypto off and on-ramps. Bit2me Pay and Bit2Me Card present funds options for cryptocurrency merchants, permitting them to buy crypto-assets with fiat currencies and spend crypto-assets utilizing conventional on-line fee gateways.

In addition, the Bit2Me ecosystem additionally presents community-focused merchandise like Bit2Me Academy for crypto studying, Bit2Me News, Bit2Me TV, listing companies, occasion listings, loyalty packages and a spread of on-demand companies for the neighborhood.

B2M: Powering The Bit2Me Ecosystem

Powering all of this is Bit2Me’s newly-launched, Ethereum-based token, B2M. B2M is a utility token that acts as a medium for data and worth trade within the Bit2Me ecosystem. Users pays for Bit2Me’s instructional sources, comparable to programs within the Bit2Me academy utilizing the ERC-20 token, and even obtain unique reductions (up to 90%) on content material.

These reductions additionally prolong to charges paid when utilizing Bit2Me’s trade companies, together with Bit2Me Trade and Bit2Me Wallet. You will get hold of these advantages solely by holding B2M, you received’t want to spend it.

Finally, borrowing from the decentralized finance (DeFi) area, Bit2Me’s token will energy the cryptocurrency trade’s borrowing and lending facility. Users who successfully “stake” different cryptocurrency belongings, comparable to Bitcoin (BTC) or Ethereum (ETH), making these belongings obtainable to be borrowed by others for buying and selling functions, will obtain an curiosity payout. If lenders agree to obtain these payouts in B2M, their earned curiosity shall be considerably greater.

Finally, the staff behind Bit2Me is additionally contemplating together with a governance function inside B2M’s framework which can enable holders to vote on the platform’s product providing and extra options. This would possibly embody voting on particular options, cryptocurrency listings up and the final route of the trade.

If the profitable public elevate is an indicator of future success, Bit2Me is destined to be a large within the cryptocurrency trade area and stay as such for a very long time into the long run.

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