Block.one’s Bullish Exchange Launches Private Pilot Program
- The 7-week private pilot program will offer a select group of retail and institutional investors the opportunity to use Bullish.
- The exchange will feature a unique Hybrid Order Book, yield-earning Liquidity Pools, and top-notch security.
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In a Block.one blog post from 27 July, the Bullish exchange announced the launch of a 7-week private pilot program, which will offer a select group of retail and institutional investors the opportunity to experience the Bullish trading interface and the company’s proprietary Hybrid Order Book. Participants will also have access to features and services that include spot trading, margin trading, and Bullish Liquidity Pools.
Bullish’s Hybrid Order Book was designed to offer deep and predictable liquidity by bringing liquidity pools together with traditional limit orders. The exchange’s Liquidity Pools will enable users to manage portfolios at scale and earn revenue for delivering liquidity to the market. The pools will be optimized to earn yield from automated market making, spot trading, and safe margin lending, the company explained in the announcement.
The company said that while the pilot program will not require full onboarding, all of the product functionality — including the exchange operation and customer support — will mimic the conditions expected once the platform fully launches.
To encourage participation and feedback, Bullish will award a total of $525,000 in cash prizes to participants who compete in the featured paper trading games. The private pilot will be open for testing only to invited users and will run from 27 July to 13 September.
- The EOS Network Foundation is calling on the EOS community to opt-out from the proposed settlement as it “does not adequately compensate” for the losses caused by Block.one.
- Not only are the $22 million a tiny fraction of the $4 billion raised during the EOS ICO, but the settlement will also bar community members for filing future complaints against the company.
Image of an EOS crypto token. Bybit / Flickr
- SoftBank’s unit SB Northstar LP will acquire 7.5 million Bullish shares at $10 each.
- The unit will also buy 3 million warrants to purchase shares of Far Peak, the SPAC set to take Bullish public.
- Bullish Global has already been capitalized with over $10 billion in cash and cryptocurrencies.
- The exchange is expected to launch in 2021, combining the best features from CeFi and DeFi.