BabyDoge Price Surges Amid Upcoming Listing on Bybit, Hosts Giveaway Campaign for Users
The protocol’s native token surged the moment after news of the listing went live. Further, users can earn big rewards from depositing and trading BABYSWAP tokens on Bybit.
BabyDoge Prepares for Listing on Bybit Exchange
Top MemeFi platform on BNB Chain, BabyDoge, is preparing for its big listing on Bybit exchange.
Following the listing news on March 31, the protocol’s native $BabyDoge token went up by up to 34.7%, according to Coingecko. The bullish run was no surprise because Bybit is amongst the leading exchanges in the industry. According to CoinMarketCap, the exchange is the fifth-largest in the blockchain space.
The listing will ensure that BabyDoge is exposed to millions of users across Asia and over 160 countries. To celebrate the listing, scheduled to go live on April 4, ByBit is hosting a giveaway campaign for holders worth a prize pool of 32 Trillion $BABYDOGE.
As per Bybit’s publication, users can participate and earn rewards from two categories: Deposit and Win & Swap and Win.
The deposit and win campaign started on March 31 and will end on April 18. A total of 2000 users who deposit a net volume of 4,000,000,000 $BABYDOGE stand a chance to win 10,000,000,00 $BABYDOGE each during the period.
On the other hand, the swap and win campaign will reward users who interact with the BabyDoge Swap Decentralized Exchange (DEX) with the Bybit wallet. However, users must buy at least 8,000,000,000 on Bybit’s spot market before transferring to their Bybit wallets. Participants can earn from a prize pool of 12 trillion BABYDOGE.
Apart from Bybit’s mouthwatering campaign, BabyDoge is also giving out $500 worth of rewards to users who engage in the tweet below:
BABYDOGE deposits are currently open on Bybit, and users can start transferring their tokens to the exchange. Interested users can also participate in the deposit campaign to win big. Read the Bybit blog to learn more.
What is Baby Doge Swap:
Baby Doge Swap is the acclaimed “son” of the popular meme token, DOGE. Baby Doge Swap started out as Baby Doge Coin and is a hyper-deflationary system that progressively increases its scarcity and increases its liquidity. The project is now a fully Decentralized Exchange with swaps, liquidity pools, yield farming, and more. Baby Doge considers its primary utility as building a fun meme community to spread awareness of animal adoption.
Where to find Baby Doge Swap:
Website | Twitter | Telegram | Reddit | Swap |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
Prisma Finance Reportedly Hit by $9M Hack: What to Know
Prisma Finance paused its protocol operations for investigation and advised vault owners to disable delegate approval.
Reports have emerged indicating that DeFi platform Prisma Finance, fell victim to a hacking attack amounting to approximately $9 million. Cyvers, a web3 security platform, raised the alert after it detected suspicious transactions linked to the breach.
🚨UPDATE🚨Our system has detected multiple suspicious transactions with @PrismaFi and still ongoing!
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) March 28, 2024
Total loss so far is around $9M. Attacker has funded by @FixedFloat!
Our system has detected the malicious contract 2 min earlier than hack transactions!👇
Our system would… https://t.co/9myoV8DL22 pic.twitter.com/SxT5yYZy7U
Initial estimates suggest a loss of $9 million, with the attacker reportedly utilizing funds from the crypto exchange FixedFloat.
Backing up Cyvers' findings, blockchain security firm PeckShield has confirmed the attack, providing details on the assets targeted by the hacker. Among the stolen assets are Prisma mkUSD and wrapped stETH.
In response to the breach, Prisma Finance issued a statement on X acknowledging the potential exploit. The project reportedly halted its protocol operations to conduct a thorough investigation into the incident.
Additionally, Prisma Finance advised vault owners to disable delegate approval as a precautionary measure.
We are aware of a possible exploit on Prisma.
— Prisma Finance (@PrismaFi) March 28, 2024
Core engineering contributors will pause the protocol and investigate.
We'll share an update and a post-mortem.
From DeFi Future to Security Concerns
Prisma Finance was initially hailed as the future of decentralized finance (DeFi), offering solutions in the form of a new LSTFi protocol. It enabled users to mint a fully collateralized non-custodial and decentralized stablecoin, mkUSD, using Ethereum liquid staking tokens (LSTs) as collateral.
However, the recent exploit paints a stark contrast to the platform's previous reputation, raising concerns regarding cybersecurity in the DeFi space.
Rising Trends in Crypto Hacks
The hack on Prisma Finance adds to a concerning trend in the cryptocurrency space. According to a Feb. 29 report by blockchain security firm Immunefi, over $200 million worth of cryptocurrency was lost to hacks and rug pulls last February, across 32 individual incidents.
This represents a 15.4% increase compared to the same period in 2023. Ethereum remains the most targeted blockchain, with 12 attacks accounting for over 85% of the total value lost in February.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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