Will launch a $BIT faucet in next few days. We will contribute some $BIT to bootstrap the faucet. Anyone interested to contribute feel free to DM us or leave a comment.
BitDEX expected to go live within 48 hrs🫡
We will publish an article about all the details of BIT protocol and what you need to be mindful of when it goes live.
The most important rule: ONLY use BitDEX to trade $BIT once the protocol is live.
We are reaching the milestone of passing all internal tests of BIT protocol. Should be able to go live in next few days.
Before we announce the exact go-live timeline, we will spend some time to communicate all the key info about the protocol with community and gather feedback to see if need to answer more questions.
Once we ensure the communication is fully clear, we will be in a good shape to launch the protocol.
Let's $BIT!
GM @ordinalswallet — we'd love to discuss integrating BIT protocol assets with you before we go live.
Once the BIT protocol activates, our BitDEX follows the BIT index, not the TAP one. Existing $BIT balances carry over at activation, but $BIT trades settled against the TAP index after that point won't be recognized on our side. Without integration, users trading $BIT — or any future token deployed on BIT protocol — on OW could end up holding balances the BIT index doesn't see.
We'd rather solve this together before launch than have users caught in the middle🫡
The development of item 1-6 are all done. Everyone will be able to deploy a token (with flexible DMT element registry), redirect the allocation of the block reward and trade the token on BitDEX.
We are working on the final internal testing now. Once it is done, we will invite a few ecosystem partners to help test the whole protocol before we launch the public beta.
The screenshot below is a test interface of BitDEX that is connecting to the BIT protocol with a test token deployed. The data is empty as we just deployed the BitDEX test build version (dev mode, not in production mode).
The market is taking a break, that is normal, we all went through this in past few cycles. If you can’t hold, you won’t be rich. Always bullish on bitcoin:native