Takeaways:
- •Bybit has become the first crypto operator to secure a full, nationwide Virtual Asset Platform Operator License from the UAE’s Securities and Commodities Authority.
- •The new license gives Bybit a competitive edge over rivals as they are free to serve across the UAE, not just in specific free zones.
- •$PEPENODE is a new mine-to-earn meme coin that lets users earn rewards by building a virtual mining rig in a gamified environment.
Bybit has made history by becoming the first crypto exchange to secure a full Virtual Asset Platform Operator License in the United Arab Emirates (UAE). It gives Bybit a massive leg up in one of the world’s most promising crypto markets.
While other exchanges like Binance have been granted licenses in specific free zones, Bybit’s new license from the UAE’s Securities and Commodities Authority (SCA) allows it to operate across the entire country. It’s basically a full pass to serve customers anywhere in the UAE.
The move is a huge part of Bybit’s long‑term strategy to become a global, regulated player. It’s been on a mission recently, nabbing a MiCAR license in Europe and relaunching its services in India. It’s a clear signal that Bybit is focusing on building trust and playing by the rules in key markets.
To back up its commitment, Bybit is also setting up a new regional hub in Abu Dhabi and plans to hire 500+ people. This expansion will enable them to double down on their efforts in the Middle East and North Africa region.
As ByBit CEO Ben Zhou, put it, this milestone is a ‘testament to Bybit’s unwavering commitment to building trust through compliance and transparency.’
It seems Bybit is determined to set the standard for what a secure and responsible digital‑asset ecosystem should look like.
While Bybit will go down in history as the first crypto exchange to obtain a full license from the UAE’s SEC, another first is primed to shake up the meme coin sector. Introducing PEPENODE ($PEPENODE), the first‑ever virtual mine‑to‑earn meme coin.
Mine-to-Earn: The New Way to Play with Meme Coins
Forget everything you know about meme coins. PEPENODE ($PEPENODE) is here to bring you a completely new concept – virtual mine‑to‑earn. Instead of simply buying in and hoping its price goes up, you can actually jump in and build your own meme coin mining rig to earn rewards.
PEPENODE is a fun, interactive way to get in on the mining action without the crazy costs, technical hassle, or massive energy bills associated with traditional crypto mining. You’ll get to build your own virtual mining rig and deck it out inside a visually rich dashboard. It’s like a crypto mining simulator that’s easy to jump into and even easier to get hooked on.
You can buy and upgrade digital mining nodes and even facilities, which are like your personal crypto powerhouses. The more you invest in your virtual setup with $PEPENODE tokens, the more you boost your ‘hash power’ – and the more rewards you’ll earn. It’s a fun, interactive way to get involved and be part of the action.
But remember, it’s virtual mining!
A Smart Coin Designed To Grow In Value Over Time
Here’s the cool part: 70% of all $PEPENODE tokens used to upgrade virtual mining rigs will be permanently burned. That’s because PEPENODE adopts a deflationary burn mechanism, designed to reduce its total token supply over time. And the more scarce a token is, the more valuable it typically becomes.
Of course, as more people join the game and the project grows, the supply will also become smaller, which is great news for everyone holding the token.
Another big plus? Rewards won’t be limited to $PEPENODE. Popular coins like $PEPE and $FARTCOIN will also be airdropped to the top miners.
That right there is a great way to diversify your crypto portfolio – simply by taking part in PEPENODE’s gamified fun.
The PEPENODE presale is gaining momentum with $1.7M+ already raised. Buy your $PEPENODE today for $0.0010962. And, if you want to earn some sweet passive income right away, stake your $PEPENODE for 722% APY. Doing so offers a great head start before the official game launch after the TGE.
Remember, though, presale prices go up in stages, while the APY will lower as more holders stake their tokens.
Get in before the next price increase. Buy your $PEPENODE today.