Bybit has rolled out ai16z, enhancing ByVotes to allow users to earn 50,000 AI16Z by voting for projects they believe should be listed for spot trading.

Cryptocurrency exchange Bybit announced the launch of ai16z Users can engage with the AI16Z agent platform on ByVotes by casting votes to influence which projects gain listings for trading. If their selected projects are listed, they can receive a share of a 50,000 AI16Z token pool.

To take part in this voting event, participants are advised to first deposit funds into their Bybit accounts. Daily, Bybit will capture snapshots over 24 hours to assess each user's average asset holdings. These snapshots will help determine how many votes a user can cast based on qualifying assets like USDT, USDC, USDE, USDD, DAI, and CUSD—more assets translate to more votes.

The voting window has commenced and will be open until 8 AM UTC on January 8th. During this timeframe, users can cast their votes for the projects they support. cast votes Participants may vote multiple times for a single project. Once AI16Z achieves the required vote count, it will officially be listed on the spot trading platform.

There’s also an option to enhance your voting power through referrals. By inviting friends with a referral code to join, every successful sign-up and vote earns users extra votes to bolster their chosen projects. Bybit ai16z is pioneering a venture capital platform driven by cutting-edge technology, utilizing the Eliza framework that allows AI agents to interact on various platforms like X and Discord, even enabling voice features on Discord. These agents are capable of reading, summarizing links, PDFs, and chats, while also interfacing with blockchain technology. The project, spearheaded by an AI modeled after venture capitalist Marc Andreessen, aims to harness AI and collective knowledge for more informed investment choices. However, it’s crucial to understand that this initiative operates independently of Andreessen Horowitz (a16z), functioning more as a playful parody.

What Is AI16Z And AI16Z Token?

Recently, the platform revealed its intention to launch a token launchpad in the first quarter of 2025, similar to offerings like pump.fun. This launchpad aims to become a key destination for AI projects based on the aforementioned technology, with the AI16Z token acting as the primary medium for interactions among agents. It may incorporate various mechanisms to capture value, including launch fees, staking options for the AI16Z token granting access, and strategic liquidity pairing options. Moreover, insiders have indicated that AI16Z may consider rolling out a dedicated Layer 1 blockchain tailored for AI applications. AI agents The AI16Z token has a dual role in the ecosystem, granting governance rights within the DAO for holders who can vote on key proposals and helping to steer the project's future while serving as a utility token within the ai16z network.

In just the past week, the value of AI16Z surged by a remarkable 176%, elevating its market cap to over $2.2 billion, making it the third-largest token associated with AI. This increase came after Binance's announcement that it would introduce perpetual futures contracts for AI16Z among other AI agent initiatives. Eliza framework Please remember that the content on this page doesn’t serve as legal, tax, financial, or any other sort of advisory guidance. Always invest only what you can afford to lose, and consider obtaining independent financial advice if unsure. For further insights, we recommend checking the terms, conditions, and support resources offered by the relevant parties. While MetaversePost strives for accurate, impartial reporting, market dynamics can shift unpredictably.

Alisa, a passionate journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast world of Web3. With a knack for identifying emerging trends and technologies, she provides in-depth coverage to keep readers informed and engaged within the fast-changing landscape of digital finance.

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