Bullbit Launches $BUBI, Building Toward a Comprehensive Ecosystem
Bullbit, a decentralized perpetual futures exchange (Perp DEX), has officially launched its $BUBI token on the Base L2 network, marking its Token Generation Event (TGE) and listing on BingX. With a fixed max supply of 4 billion tokens, the initial circulating supply is 300 million (7.5% of total). The largest allocation (55%) is for Ecosystem & Airdrop, rewarding early users, while team, staking, treasury, liquidity, and advisor shares are locked and vested. $BUBI provides utility including trading fee discounts, governance voting, and will serve as staking rewards and gas fees on the future BullChain. The platform, emphasizing an "invisible blockchain" for a seamless user experience without seed phrases, has seen rapid growth with over 7,000 wallets and $500M+ in trading volume since launch. The TGE represents a step toward Bullbit's broader ecosystem vision of integrating traditional assets like stocks and ETFs on-chain.
TheNewsCrypto06/23 07:14
