Bitoro’s Month in Review Update — July 2024
While July may not have been the most action-packed month for the Bitoro community, it was incredibly productive behind the scenes. We’re now stoked to announce several key aspects of our new go-to-market strategy, as well as the development of a brand-new product that will significantly enhance our decentralized perp trading ecosystem. So, grab a cup of iced coffee, put your stop-loss in, and make sure you stay alert until the end of this article.
DefiLlama listing
Early July finally saw the addition of Bitoro to the defi data aggregator DefiLlama. This represents a crucial milestone in our commitment to increasing transparency and establishing trust with the crypto trading community. We will continue to work with DefiLlama to stream even more data to the platform as we roll out new features and products.
Ambassador program is live
Our most loyal community members were probably ecstatic to hear about our brand-new Ambassador program. If you’d like to join the team, help spread our vision, and make Bitoro the best on-chain trading platform on the market, then we invite you to apply for one of our limited ambassadorships.
You can find all the info about how to join and what’s in it for you here.
Challenges and competitions
Bitoro traders have also been busy competing in several challenges in July. The Centurion Trading Cup has been active for most of the month. Its final Epoch is now coming to a close on August 2. So, make sure to rack up a few more trades to secure some of those sweet Bitoro points — those will come in handy very soon!
Additionally, you can join more than 15,000 Bitoro fans by participating in our Bitoro Pro — Early Supporter Campaign on GALXE.
What’s next?
As indicated in the introduction, we have paved the way for several major developments in the coming weeks as we approach the TGE.
In August, we will be revamping our branding, website, and trading platforms. That’s right, the look of Bitoro will soon be on par with the most popular platforms and brands in crypto trading.
Additionally, we are about to announce several key partnerships with industry-leading market makers, advisors, and VCs. This will be critical to ensure a successful TGE, including onboarding to Tier 1 CEXs and a significant marketing push.
Perhaps most importantly, we are deep into the development of the next evolution of Bitoro. In a significant leap forward, Bitoro is excited to announce the upcoming launch of its own chain, developed in collaboration with one of the leading networks in the defi space. This innovative chain will not only bring native liquidity to Bitoro but also serve as a composable liquidity layer for perpetual contracts, options, and prediction/binary markets, facilitating seamless integration for dApps and builders.
In other words, it is set to establish Bitoro as the most democratic perpetual trading infrastructure in the market, with traders gaining access to an extensive range of crypto trading pairs, alongside real-world assets (RWAs) such as popular stocks, commodities, and indices.
More details on this groundbreaking initiative, which complements our existing trading venues powered by Orderly Network and Injective ecosystems, will be unveiled this month.
TGE CONFIRMED: Late Q3 2024
Last but not least, we are thrilled to announce our upcoming TGE and the launch of our airdrop distribution for the end of September 2024. The TGE will also be accompanied by the launch of our governance and staking protocol brought to you by Bitoro Foundation.
Now is the time to collect as many Bitoro points as possible, as these will soon be converted into $BTORO — bringing revenue sharing, reduced trading fees, governance rights, and other functionalities. And of course, be sure to follow us on X and join our Discord to get updates as soon as they’re released.
