Spanish cryptocurrency exchange Bit2Me has raised $23.9 million (€20 million) after three much-needed public sale rounds of its newly launched token, B2M. The first public sale, launched on September 6, 2021, saw a staggering $5.9 million increase in just 59 seconds, followed by a second sale that raised $8.8 million in just 47 seconds. The final stage sold out in just 38 seconds, and had over 7,000 participants. Each represents some of the fastest and largest public sale profit of an exchange-based token in the history of crypto.
In addition to this massive retail demand, Bit2Me has also relied on its existing network of partners and investors, receiving another $3.3 million from private funds. Moreover, the Spanish exchange is confident that this momentum will continue until November 1 when B2M is launched on Bit2Me’s crypto exchange, given both the number raised so far and the community’s growth and interest since the launch of B2M .
Commenting on the success of the token sale, Koh Onozawa, a recent addition to Bit2Me’s advisory board, said the sales are the result of Bit2Me’s “6 years of hard work and community building,” with the team “booting” the exchange from a small, unknown exchange, To one of the largest companies in Europe, and the largest in the Spanish-speaking world.
Onozawa continued, saying that the team is excited to see what the future brings to the exchange, the change it will have, and the impact it will have on the cryptocurrency exchange industry as a whole:
“we [Bit2Me] It will not stop until everyone can easily discover and deal with cryptocurrency in their daily lives.”
Evolution of the cryptocurrency exchange industry
In fact, according to this mission, Bit2Me was in the development stage, reflecting its goal of becoming an all-encompassing ecosystem for all things cryptocurrency related. Their suite of products, called Bit2Me Suite, consists of a range of products specifically designed to meet the customized needs of a committed user base.
It consists of a series of exchange services, including Bit2Me Wallet – a multi-asset storage and exchange application hosting over 60 different crypto assets, Bit2Me Trade – a high-frequency trading platform that supports market, limit and stop orders and over-the-counter (OTC) trading desks To support high volume transactions.
In addition, Bit2Me has rightfully focused on an area of the crypto world that still requires a great deal of attention – the ups and downs of cryptocurrencies. Bit2me Pay and Bit2Me Card provide payment solutions for cryptocurrency traders, allowing them to purchase crypto assets with fiat currencies and spend crypto assets using traditional online payment gateways.
In addition, the Bit2Me ecosystem also provides community-focused products such as the Bit2Me Cryptographic Learning Academy, Bit2Me News, Bit2Me TV, directory services, event listings, loyalty programs, and a range of on-demand services for the community.
B2M: Operating the Bit2Me Ecosystem
Powering all of this is the newly launched B2M token of Ethereum-based Bit2Me. B2M is a useful token that acts as a medium for exchanging information and value in the Bit2Me ecosystem. Users can pay for Bit2Me educational resources, such as courses at the Bit2Me Academy using the ERC-20 token, and even get exclusive discounts (up to 90%) on content.
These discounts also extend to fees paid when using Bit2Me exchange services, including Bit2Me Trade and Bit2Me Wallet. You will only get these benefits with a B2M contract, and you will not need to spend them.
Finally, borrowing from the decentralized finance (DeFi) space, the Bit2Me token will enhance the lending and borrowing facilities of the cryptocurrency exchange. Users who physically “participate” in other cryptocurrency assets, such as Bitcoin (BTC) or Ethereum (ETH), making these assets available for borrowing by others for trading purposes, will receive interest payments. If the lenders agree to receive these payments in B2M, the interest earned will be much higher.
Finally, the team behind Bit2Me is also considering including a governance feature in the B2M framework that will allow owners to vote on the platform’s product offering and additional features. This may include voting on specific features, listing cryptocurrencies at the top and the general trend of the exchange.
If a successful public increase is an indication of future success, Bit2Me is expected to be a giant in the cryptocurrency exchange space and remain so for a long time to come.