Bybit unveils Listing Billboard to enhance token project transparency
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced on Feb. 17, the introduction of a disclosure framework for listed tokens.
This initiative, the first of its kind among centralized exchanges, requires projects to share detailed financial and operational data, providing users with deeper insights and supporting more informed decision-making.
Bybit’s Listing Billboard: a step toward transparency
The initiative introduces Bybit’s Listing Billboard, a dedicated section where listed projects will regularly publish key metrics, performance data, and financial reports. This framework empowers investors by offering transparency beyond initial tokenomics, giving a clearer picture of a project’s growth and financial health.
The first project to adopt this new disclosure model is SoSoValue, which has already shared its key performance indicators, a month after its listing. It has completed a successful $15 million Series A funding round as reported by crypto.news. These include:
- Total Value Locked: $190.80M
- Monthly Active Users on Website: 9.79M
- Monthly Active Wallets: 309,570
- On-Chain Transaction Volume: $261.3M
The disclosure framework covers five key areas: core financials, token metrics, on-chain activity, governance and community, and risk disclosures. This comprehensive approach allows traders to monitor project performance over time, assess network health, and understand how projects evolve.
A commitment to transparency in a shifting market
“Bybit is committed to delivering the level of transparency our users expect,” said Emily Bao, head of Spot and Web3 at Bybit. “The initiative will benefit traders in their research stage and allow them to follow project performance over time, and we are excited to have SoSoValue as the first partner on board.”
Jivvva Kwan, co-founder of SoSoValue, shared this sentiment, stating:
“SoSoValue and Bybit share the ethos of openness and authenticity, a trademark of the crypto and DeFi community. We are proud to be the first 100% transparent project on Bybit and to set the bar together in trust building.”
