Bitoro’s Month in Review Update — August 2024
Bitoro is gaining steam as we inch closer towards TGE. Especially the past two weeks have seen considerable action on various fronts, from rising trading volumes to new partnerships, branding, and more. If you missed out while relaxing on a tropical beach, now’s the perfect time to grab your sunglasses and catch up on everything we’ve been working on.
Number go up
First things first, we’re thrilled to see a growing number of traders choosing Bitoro, as highlighted by surpassing $3 billion in trading volume as well as the 50,000 traders milestone. Even more exciting, a significant portion of this recent activity comes from our Injective platform (formerly known as Bitoro Pro).
In less positive news, we recently discovered that our API tracking volume on Injective wasn’t functioning properly, causing a lot of past volume to go unrecorded. Fortunately, the issue has been resolved, and we’re proud to report that our Injective DEX is now performing on par with Orderly.
Introducing BitoroCore
Next on the list is the announcement of BitoroCore — our brand-new on-chain perpetual liquidity layer. Built on ZKsync’s Elastic Chain, BitoroCore will bring native liquidity to Bitoro and is set to offer the widest selection of trading pairs across cryptocurrencies, RWAs, and betting markets in the decentralized derivatives space.
Set to launch in Q1 2025, any on-chain futures platform will be able to tap into BitoroCore’s liquidity to provide the best trading experience possible. Naturally, Bitoro will also release its own exchange built on top of BitoroCore.
This marks a pivotal moment in Bitoro’s development and positions us as a true pioneer in the DeFi landscape.
Meet our partners
As teased in July’s ‘Month in Review’ update, our team has been hard at work securing several high-stakes partnerships. While some of our most prominent partners have chosen to remain silent partners in the background, we’re excited to showcase a few of our key partners with you today.
GSR
A tier-one crypto market maker and VC firm, GSR has over a decade of extensive experience in crypto markets, serving as a trusted liquidity provider and active, multi-stage investor. Their suite of services includes OTC Trading, Derivatives, and Market Making. GSR will be handling market making of the $BTORO token on centralized exchanges post-TGE.
Artis
Artis offers a variety of secondary market solutions through our proprietary market-making platform. Additionally, they support Bitoro with expert consulting services on tokenomics and crypto fundraising matters.
Anti Capital
Anti Capital is a highly experienced trading firm specializing in proprietary trading, liquidity service, execution service, treasury management services, and advisory. The firm actively trades on Bitoro.
Edge Capital
Edge Capital is an innovative alternative investment manager focused on digital assets, blockchain and decentralized finance (DeFi) markets. The firm is an early supporter of Bitoro and also trades actively on Bitoro.
Elk Capital
Elk Capital Markets is a proprietary high-frequency trading firm that actively trades on Bitoro. The firm also employs of a small team of dedicated developers and traders focused on creating and deploying scalable technology across all electronic markets.
Dexterity
Dexterity is a high-frequency trading firm constantly redefining algorithmic trading that actively trades on Bitoro. With offices in San Francisco and London, the firm runs its trading strategies 24/7 around the globe.
The new Bitoro
If you’ve visited our website or social platforms lately, you’ve probably noticed our new logo! This is the first step in our broader effort to reimagine the Bitoro brand. Soon, it will be complemented by a full website redesign, crafted by an award-winning designer, along with a stylistic upgrade of our trading interfaces.
Additionally, we’ve launched a Telegram group to offer a direct communication channel for those who prefer it over Discord. Be sure to join the official Bitoro Telegram group here.
What’s next
As we gear up for our upcoming TGE, we’re excited to share that we are in the final stages of organizing an exclusive launchpad sale for the end of September. After careful consideration, we’re currently working with Injective to make a small portion of $BTORO tokens available for purchase on Mito, Injective’s premier launchpad.
To ensure everyone has the full details ahead of our launchpad sale and TGE, we also released a comprehensive breakdown of our tokenomics –which is available here on the Bitoro website.
