Bitoro’s journey in 2024 marked a significant turning point in the decentralized finance (DeFi) space. With its mainnet launch, remarkable trading milestones, and a growing community, the platform has laid a strong foundation for continued innovation in 2025. The following review highlights Bitoro’s achievements and provides a glimpse into its vision for the upcoming year.
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Highlights of 2024
🚀 Mainnet Launch
In March, Bitoro launched its mainnet in partnership with Orderly Network, bringing its vision to life and establishing a robust infrastructure for its platform.
💹 Trading Milestones
Bitoro experienced rapid growth in its trading ecosystem:
- Exceeded $1 billion in trading volume within six weeks of launch.
- Closed the year with an impressive $6.5 billion in total trading volume.
- Attracted over 75,000 active traders to its platform.
🌐 Social and Community Growth
The platform expanded its online presence, engaging users across multiple channels:
- Discord: Over 40,000 active members.
- Twitter: Garnered a following of 36,000 users.
- Telegram: Launched new channels with nearly 2,000 followers.
🤝 Strategic Partnerships
Bitoro strengthened its cross-chain ecosystem by integrating with major networks such as Ethereum, Arbitrum, Base, Optimism, Mantle, SEI, Avalanche, and Solana. Partnerships were also established with Orderly, Injective, Alertatron, and Cosmos, enhancing its interoperability and DeFi capabilities.
🎉 Community Incentives and Airdrops
The community played a vital role in Bitoro’s growth, supported by:
- Multiple trading competitions and user promotions.
- A 160 million token airdrop, accounting for 16% of the total supply, during the Token Generation Event (TGE).
🌱 Sustainable Growth
Bitoro achieved notable progress without external funding, venture capital, or paid market makers, demonstrating true decentralization. Additionally, the team moved towards independence from centralized exchanges for BTORO token operations.
🛠️ Team Expansion
- The engineering team grew from 3 to 7 developers, enhancing platform scalability and innovation.
- A new marketing team of 4 experts was formed to drive global outreach.
- Three prominent advisors joined Bitoro to guide its strategic initiatives.
🎯 BTORO Token Launch
In September, Bitoro launched its native token, BTORO, following a successful pre-sale on Injective’s Mito launchpad. Despite challenges during the TGE, the team remains committed to revitalizing the token’s potential.
🗳️ Staking and Governance
- Staking and governance dashboards were introduced to empower users.
- Nearly 76 million tokens, representing half the circulating supply, were staked by the community.
- Governance initiatives, including token buybacks, were implemented to foster community-driven decision-making.
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Plans for Q1 2025
🔗 BitoroCore Launch
Bitoro will unveil BitoroCore, a Layer-1 blockchain designed to redefine trading and DeFi, featuring:
- Perpetual and spot DEXs.
- Options trading and prediction markets.
- Borrowing, lending platforms, vaults, and on-chain hedge funds.
🌟 Unified Platform Experience
A streamlined interface will be introduced, integrating a universal margin account for seamless trading across spot markets. The platform will also cater to institutional traders.
🛡️ Advanced Staking Dashboard
Bitoro will launch an in-house staking dashboard, providing improved incentives and control for users.
🔥 BTORO Token Initiatives
- Weekly buybacks will support liquidity on Uniswap.
- Liquidity operations will shift on-chain, moving from MEXC to Bitoro Network spot markets.
👥 Leadership and Marketing Growth
- A new CEO will lead the Bitoro Foundation’s next phase of development.
- New hires in marketing, PR, and business development will strengthen Bitoro’s market presence.
- A revamped website and a bold rebrand will align with its evolution into a premier Layer-1 ecosystem.
- A Telegram Mini App will foster deeper community engagement.
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Vision for 2025
Bitoro aims to build upon its solid foundation by accelerating innovation and collaboration in 2025. Its mission is to establish a decentralized ecosystem that sets new benchmarks for blockchain technology and community-driven success.
With the unwavering support of its users and partners, Bitoro is poised to redefine the DeFi landscape and achieve new heights in the coming year.
#Bitoro #BitoroNetwork