SINGAPORE, Jan. 28, 2022 /PRNewswire/ -- On
Wednesday, January 26, 2022,
Bit.Store launched its STORE token IEO and was simultaneously
listed for trading on MEXC, Gate.io, and Huobi Global, three of the
world's most popular exchanges. The token
launch witnessed huge demand from the investment community, driving
up the opening price to 15 times of its IEO issue price at one
time.
Investors' interest in STORE already proved to be high a day
prior to the IEO. Bit.Store had conducted its utility token's IDO
(initial decentralized exchange offering) on ACY Finance which was
fully subscribed within 3 seconds of launch. To facilitate demand
for STORE, the token is now made available for trading on the
world's largest DEX, Uniswap, and successfully bridged to Binance
Smart Chain (BSC) via Multichain.
Investment in cryptocurrencies like Bitcoin have resulted in
$9.3 billion in inflow in the past
year. However, some traders are still
facing such issues: having a steep learning curve, lacking of
investor knowledge, having high fees.
Bit.Store is a global SocialFi cryptocurrency investment
platform that aims to solves these issues and reduce the barrier to
entry into crypto investing. Bit.Store's platform provides its
users with an easy-to-use and intuitive platform interface, cutting
out the stress of investing while charging zero fees for buying
cryptocurrencies directly with fiat payments – ranging from over 40
global and local payment methods.
Today, Bit.Store already has over 500,000 users, gaining
popularity in Europe and
South-East Asia, and is currently
the most popular social crypto investment platform for novice
traders in Indonesia.
"Bit.Store is a platform that pools together reliable knowledge
resources for all types of traders to use," said Carl Moss, co-founder of Bit.Store. "We want to
ensure that every person who has the desire to start trading
Bitcoin and other cryptocurrencies can get started right away, and
not have to worry about security or high fees.
In addition to mitigating crypto investing's notorious
complexities, Bit.Store provides entry-level investors with the
tools to help them invest in crypto confidently. By incorporating a
social element into its platform, Bit.Store allows traders of
varying experience levels to access a data bank of multiple
traders, investment strategies, profitability records, transaction
records, and more, so that they can make smarter investment
decisions.
Based on the net value of their account, investors are
automatically classed into a member club with a dedicated asset
allocation manager, who provides educational resources, news,
investment analysis and more.
With community at the core of its mission, Bit.Store is
committed to continuing to improve the overall experience of using
its platform, as it develops social-fi and Web3 aspects of its
business.
About Bit.Store
Bit.Store is a SocialFi investment platform designed with
beginner investors in mind. The platform gives its users access to
global digital currency markets quickly and easily by supporting
different money transfer methods via cooperations with a wide
network of regional payment providers. The app provides a variety
of features, including social trading, following, and copy trading
strategies published by seasoned experts in the space, and allows
experts to monetize their contribution to the platform. At the time
of writing, Bit.Store has managed to achieve a milestone of
500K active users (by Dec 2021) across Europe and Southeast
Asia, and continues its rapid expansion into markets
worldwide.
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SOURCE Bit.Store