Bybit, one of the world’s leading cryptocurrency exchanges, has announced the listing of **Elderglade (ELDE)** on its spot trading platform. The new asset will become available for trading on May 27, 2025, at 10:00 AM UTC, with deposits opening two hours prior. This move expands Bybit’s growing portfolio of supported digital assets, offering traders access to emerging projects in the blockchain space.
The listing coincides with a **1,500,000 ELDE prize pool** campaign designed to incentivize early participation. Traders can qualify for rewards by achieving specific trading volume thresholds or participating in promotional events. Bybit’s announcement emphasized its commitment to fostering innovation by supporting new tokens with robust ecosystems.
Elderglade’s tokenomics reveal a total supply of 100 million ELDE, with 41 million allocated to community initiatives and liquidity provisions. The project completed three funding rounds, raising $2 million at a $16 million pre-valuation. Token distribution schedules include cliff periods and linear vesting mechanisms to ensure long-term alignment with stakeholders.
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Bybit Expands Offerings with Elderglade (ELDE) Listing
Bybit’s decision to list ELDE follows a rigorous evaluation process, as detailed in their official blog post. The exchange will initially support ELDE/USDT trading pairs, leveraging its high-liquidity environment to ensure stable market conditions. Key timeline details include:
- Deposits open: May 27, 8:00 AM UTC
- Trading begins: May 27, 10:00 AM UTC
- Withdrawals enabled: Post-listing availability
The platform’s 20 million+ user base now gains exposure to Elderglade’s ecosystem, which focuses on decentralized governance models and cross-chain interoperability solutions. Bybit’s advanced trading tools, including limit orders and margin trading capabilities, will be available for ELDE from launch.
Elderglade (ELDE): A New Contender in the Crypto Market
Elderglade positions itself as a Layer-2 scalability solution optimized for gaming and metaverse applications. Its technical documentation highlights sharding architecture and low-latency consensus mechanisms capable of processing 50,000 transactions per second. The project’s roadmap includes Q3 2025 plans for mainnet migration and validator node deployments.
Token holders gain governance rights through Elderglade’s decentralized autonomous organization (DAO), which oversees protocol upgrades and treasury allocations. The project has established partnerships with three major gaming studios, though specific names remain undisclosed pending formal announcements.
Market Impact and Strategic Implications
Analysts anticipate heightened volatility during ELDE’s initial listing phase, given Bybit’s reputation for hosting high-volume token debuts. The exchange’s recent listings have seen average first-day trading volumes exceeding $50 million, though actual performance will depend on broader market conditions.
Bybit’s continued expansion into altcoin markets challenges competitors like Binance and OKX, particularly in Asia-Pacific regions where gaming-focused tokens see strong demand. The 1.5 million ELDE incentive program mirrors successful strategies used during previous listings, which boosted platform engagement by 18-22% historically.
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The ELDE listing reinforces Bybit’s position as a hub for innovative blockchain projects while providing Elderglade with immediate access to deep liquidity pools. Market observers will monitor ELDE’s price discovery process closely, particularly given current bullish trends in gaming and infrastructure-related cryptocurrencies. Successful integration could pave the way for derivative products like ELDE perpetual contracts in subsequent quarters.
