Bybit, a top cryptocurrency exchange, is actively involved in racing as the team’s chief partner.
Bybit × Red Bull
Under a multi-year partnership agreement, Bybit will be the team’s top partner, second only to championship partner Oracle.
The deal is a milestone in cryptocurrency forays into sports and the largest deal of the year.
Specific collaborations include leveraging the power of digital assets and launching a fan engagement program through a positive change agenda.
February 16, 2022 — Oracle Red Bull Racing officially announced a partnership with Bybit, a top cryptocurrency exchange, to inject the power of the digital economy into the team.
During the multi-year agreement, Bybit will be the team’s lead partner.
Founded in March 2018, Bybit currently has more than 6 million registered users worldwide.
After signing this cooperation agreement, Bybit will become the exclusive cryptocurrency exchange partner of the Oracle Red Bull Racing Team and actively participate in the development and construction of the team.
This cooperation can expand the team’s vision of increasing fan engagement, and Bybit will assume the dual roles of fan token distribution partner and technology incubator partner.
In addition to collaborating on the ongoing digital asset collectibles, Bybit will work together to advance STEM careers and introduce regulations and guidelines to new audiences.
Bybit’s core philosophy of driving innovation, talent and technology to the next level is a perfect fit for Oracle Red Bull Racing’s ambitions to grow the Red Bull Technology Campus in Milton Keynes.
Partner fees will be paid in a combination of cash and BIT (BitDAO’s native governance token).
BitDAO is one of the largest decentralized autonomous organizations (DAOs) in the world.
It fully supports the builders of the decentralized economy, allows BIT token holders to vote on proposals, and actively promotes the creation of new ways of working, participation opportunities and trading channels for the public Technology.
Please check Bybit official website or contact the customer support with regard to the latest information and more accurate details.
Bybit official website is here.
Please click "Introduction of Bybit", if you want to know the details and the company information of Bybit.
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