Bybit Launches Listing Billboard to Boost Transparency for Token Projects

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced on February 17 the launch of a new initiative aimed at improving transparency for listed tokens. This initiative introduces a dedicated disclosure framework that requires token projects to provide detailed financial and operational data, enabling users to make more informed decisions.

The initiative is called the Listing Billboard, and it’s the first such disclosure framework among centralized exchanges. It aims to offer transparency beyond just tokenomics, providing key metrics, performance data, and financial reports. The Listing Billboard will allow listed projects to regularly publish updates on their growth, financial health, and other important details that will empower investors.

SoSoValue, the first project to adopt this new model, has already shared its key performance indicators (KPIs), including impressive statistics such as:

• Total Value Locked (TVL): $190.80M
• Monthly Active Users: 9.79 million
• Monthly Active Wallets: 309,570
• On-Chain Transaction Volume: $261.3M

The new framework will cover five key areas: core financials, token metrics, on-chain activity, governance and community, and risk disclosures. This comprehensive approach will allow traders to monitor a project’s performance over time, assess its network health, and understand its evolution.

Emily Bao, head of Spot and Web3 at Bybit, expressed the platform’s commitment to transparency, emphasizing that this initiative will support traders during their research process and help them track project performance over time.

Jivvva Kwan, co-founder of SoSoValue, also shared her excitement, highlighting the shared values of openness and authenticity between SoSoValue and Bybit. She added that their collaboration sets a new standard for trust-building in the crypto and DeFi community.