Dear BIT users,
BIT lists SATS to the spot market and launches the SATS/USDT spot trading pair. Deposit and withdrawal are available now.
Deposit available time: Feb 3, 2024
Withdrawal available time: Feb 3, 2024
Spot trading pair launch time: Feb 20, 2024 10:00 UTC
SATS will become the designated currency for platform fee deductions. By holding SATS, you can offset trading fees across the entire platform and enjoy a 10% discount on trading fees. Click to view the tutorial on SATS fee deduction.
Additionally, BIT will disclose holdings to create a fair and transparent market.
What is SATS?
SATS, an abbreviation for Satoshis, is a digital asset based on the BRC-20 token standard on the Bitcoin network. It represents a token economy utilizing the smallest unit of Bitcoin, the satoshi, with each Bitcoin divisible into 100 million satoshis.
SATS stands out in the crypto world for its unique approach to token economics, operating without the need for smart contracts and offering flexibility in token creation through the inscription of specific files to satoshis.
SATS leverages the BRC-20 standard to enable a wide range of applications, from payment systems to the gaming industry. It showcases the potential for creating and transferring digital assets on the Bitcoin network, offering scalability and new possibilities in the blockchain and cryptocurrency sectors.
Risk warning
Trading in cryptocurrencies comes with high risk due to price volatility. Please make sure you understand all the related risks of cryptocurrency trading, be prudent in your decisions, and trade cautiously. BIT will not be responsible for your trading losses.
Here at BIT, we strive to provide you with the best trading experience.
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Thank you for your support!
BIT Team
Feb 20, 2024
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