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Savi Raises $12M in Series A Funding for Cloud-First Video Platform

Savi Solutions

Savi, the cloud video and AI operations platform for distributed enterprise teams, today announced a $12M Series A funding round led by Next Coast Ventures, with participation from Rock Creek Capital and existing investors. The funding comes on the heels of Savi’s rapid growth due to customer demand for a true cloud video solution that not only meets the increasing demands of security and loss prevention teams but unlocks the power of video for the entire organization. As brands and restaurant, retail, hospitality, and convenience store operators look to the future unlocks that video is beginning to bring to their organization, they need a solution that meets their needs today but enables future technology adoption without onsite infrastructure changes. “In the hospitality industry, it’s essential to understand the culture and behaviors driving things at a store level,” said Josh Boshard, the COO of Savory Fund, who is responsible for the operations and technology teams at all of Savory’s 175 portfolio restaurants. “Savi is one of the few technologies that we deploy across all brands because their platform allows our entire organization to gain insight into store-level operations, and since they are truly cloud-based they’ve allowed us to adopt new advancements in video-related technologies affordably.” Other high-growth brands and operators like Savory Fund have chosen Savi to unlock the power of their video data at thousands of locations throughout North America, including Marco’s Pizza, Scooters Coffee, Good2go Gas Stations, Invicta Stores, and more. Savi will use this funding to expand into new markets, grow partnership and reseller channels, and continue innovating as the leading cloud video and AI platform today. Brock Weeks, the CEO and co-founder of Savi said, “Video has been trapped in onsite servers to serve as an expensive, reactive insurance policy for far too long. By fundamentally rearchitecting video to be cloud-first and free from deprecating on-site servers, Savi has affordably and permanently opened the door to video-centric operations today, and seamless adoption of future AI advancements.” As other technologies continue to advance at record-setting speed, Savi is leading the way in video-centric operations that combine true cloud video, connected data, and computer vision AI into a single platform to help modern multi-site teams transform physical and IT operations, increase profitability, and drive growth. Savi partners with industry-leading security integrators, MSP, and other IT resellers–united in a shared pursuit of providing their customers a platform to assist in growing efficient, sustainable, and durable businesses. Learn more about Savi’s partner program at https://getsavi.com/partners/. "Savi's innovative approach, combining cloud video, data integrations, and AI, marks a pivotal step towards transforming on-site customer experiences, boosting operational efficiency, and fortifying loss prevention strategies," said Thomas Ball, Co-Founder and Managing Partner of Next Coast Ventures. "We're incredibly excited to partner with Brock Weeks and the Savi team to drive significant advancements in these critical areas." About Savi Savi is the cloud-first video platform for modern distributed enterprise brands and operators, designed to streamline access to video, optimize physical operations, and grow profitability. Savi’s comprehensive product suite delivers a unified platform for emerging and established restaurants, convenience stores, and retail companies to save time, increase profitability, and ensure amazing customer experiences. Thousands of locations have switched to Savi to transform physical operations with future-proof cloud video, searchable data, and cutting-edge AI. Learn more about optimizing and growing a multi-site business at http://www.getsavi.com. About Next Coast Ventures Next Coast Ventures is an Austin-based venture capital firm that partners with bold entrepreneurs seeking to build innovative companies in big markets. With over $500 million in assets under management, Next Coast provides its growing group of portfolio companies with hands-on, company-building resources through its strong industry network and the founders’ own experiences as entrepreneurs and operators. Learn more at www.nextcoastventures.com. Contact Details Cameron Jensen cameron@getsavi.com Company Website https://getsavi.com/

January 09, 2024 09:00 AM Eastern Standard Time

Revolutionizing Digital Marketing: Payvertise Leads with NFTs and $PVT Token for Transparent, Engaging Ad Spaces

Payvertise

In the fast-paced world of digital marketing, the integration of Non-Fungible Tokens (NFTs) marks a significant turning point. Leading this innovative wave is Payvertise with its $PVT token, ushering in a new era where transparency and engagement are not just goals, but realities. This movement isn't just about adopting new technology; it's about reshaping how we engage with digital content and advertisements. NFTs, once the domain of digital art and collectibles, are now making a bold entrance into advertising. This transition offers unique opportunities in digital marketing, changing the game for advertisers and consumers alike. NFTs provide undeniable proof of ownership and originality for ad spaces, solving long-standing challenges in the digital advertising world. The $PVT token, Payvertise's bespoke cryptocurrency, enhances this landscape. It's not merely a digital currency but a key player in a new ecosystem, streamlining transactions and fostering active participation in the advertising process. This token ensures a seamless, secure exchange within the NFT marketplace, incentivizing quality and innovation in advertising campaigns. Unveiling the Power of NFT-Based Ad Spaces The advent of NFTs in the realms of art and collectibles has marked a significant shift in the perception of digital ownership. As these digital tokens make their foray into digital advertising, they are setting a groundbreaking precedent, reshaping the very fabric of how ad spaces are owned, managed, and valued. Innovative Pricing Models Transforming Digital Advertising The integration of NFTs into the advertising sphere brings forth several innovative pricing models, each tailored to meet the specific needs and objectives of diverse advertising campaigns: - Cost Per Click (CPC) NFTs: Focused on performance, these NFTs ensure advertisers pay only for user engagement in the form of clicks. This model is ideal for campaigns aiming for immediate user actions. - Cost Per Impression (CPM) NFTs: Suitable for building brand awareness, these NFTs charge based on the number of ad views, offering wide visibility. - Cost Per Action (CPA) NFTs: Aligning costs with specific marketing goals, CPA NFTs are perfect for campaigns targeting particular user actions like purchases or sign-ups. - Cost Per Lead (CPL) NFTs: Designed for lead generation, these NFTs enable payment upon acquiring qualified leads, crucial for businesses looking to expand their customer base. - Cost Per View (CPV) NFTs: Ideal for video content, CPV NFTs cater to campaigns where engagement is measured by views or interactions, aligning well with content-driven strategies. - Cost Per Engagement (CPE) NFTs: These NFTs suit ad spaces where deeper user interaction with the content is desired, encouraging the creation of compelling and engaging ads. - Revenue Share NFTs: Perfect for long-term partnerships, this model allows advertisers to share a portion of the revenue generated through the ad, aligning the interests of both the website and the advertiser. Each of these models is backed by smart contract technology, ensuring transparency, reliability, and efficiency in the billing and payment process. This diverse range of NFT-based ad space models empowers advertisers with choices that align closely with their specific campaign goals and strategies, heralding a new era of customized digital advertising. Flexibility Through Time-Limited NFT Leases In the ever-changing landscape of digital marketing, flexibility is not just a benefit – it's a necessity. Time-limited NFT leases are a testament to this flexibility, offering a dynamic approach to digital advertising that traditional models can't match. This innovative leasing system allows advertisers to ride the waves of market trends and consumer interests without being anchored to long-term commitments. These leases cater to the reality of the digital world – a realm where consumer preferences shift rapidly and marketing strategies must pivot swiftly to stay relevant. With time-limited leases, advertisers can engage in short-term campaigns, experiment with different strategies, and optimize their marketing efforts based on real-time feedback and results. This approach not only maximizes the impact of advertising campaigns but also reduces the risks associated with longer commitments in a fast-evolving market. Secondary Market: Adding a New Dimension to Advertising The introduction of a secondary market for NFT leases is nothing short of a game-changer in the world of digital advertising. This new marketplace opens doors to opportunities previously unexplored in the advertising sector. Advertisers now have the flexibility to sell or transfer their NFT leases, enabling them to respond to market shifts and capitalize on the demand for high-value ad spaces. This secondary market doesn't just offer flexibility; it also introduces the potential for profit. High-demand ad spaces, much like sought-after art pieces in the NFT world, can appreciate in value. Advertisers can leverage this appreciation, selling their leased spaces in the secondary market for a profit. This aspect of the NFT marketplace adds an investment angle to digital advertising, turning ad spaces into assets that can yield returns beyond their initial advertising value. $PVT Token: A Catalyst for Engagement and Quality At the heart of Payvertise's ecosystem lies the $PVT token, a cryptocurrency designed to enhance the NFT advertising experience. Here's how it works: - Voluntary Participation for Websites: Websites are not burdened with token staking, ensuring their participation is hassle-free and inviting. - Token Staking for Advertisers: Advertisers stake $PVT tokens to bid or purchase ad spaces, signifying commitment and fostering a quality-driven marketplace. - Rewards and Incentives: Active advertisers are rewarded, encouraging continued participation and investment in the platform. Pioneering a New Standard in Digital Advertising The advent of NFT-based ad spaces and the $PVT token is not just a fleeting trend; it's a forward-thinking approach that is reshaping the future of digital marketing. Payvertise is at the forefront of this transformation, offering a platform that is transparent, efficient, and aligned with the needs of advertisers, websites, and consumers alike. As this model continues to evolve, it promises to set new standards in the advertising industry, redefining how digital campaigns are crafted and delivered. About Payvertise Payvertise is a blockchain-based digital advertising platform that integrates cryptocurrency and NFTs, offering a unique revenue-sharing model for token holders and innovative advertising solutions. Contact Details Payvertise Mason Callahan contact@payvertise.com

January 09, 2024 08:16 AM Eastern Standard Time

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News Release

Babson College to Host Eighth Babson Connect Worldwide, the Premier Global Entrepreneurship Summit, in Singapore

Babson College

Babson College today announced that it will be hosting its signature event and entrepreneurial summit, Babson Connect Worldwide 2024 (BCW), on February 22-24 at The Ritz-Carlton Millenia in Singapore. As one of the leading entrepreneurial hubs of the world, Singapore’s business-friendly ecosystem and strong talent pool make it an ideal environment to host this exciting event. The event will feature a keynote address from Khailee Ng, Managing Partner of 500 Global, focused on global entrepreneurship and the future of venture capital. BCW is a global event that brings together founders, executives and emerging stars within the entrepreneurial sphere, along with Babson alumni and faculty, to share information and insights that empower them to succeed in their entrepreneurial endeavors. The summit features keynote speakers and panel discussions with prominent leaders, as well as interactive workshops and networking sessions focused on today’s most pressing issues for global entrepreneurial leaders. "Babson College is proud to host Babson Connect Worldwide 2024 in Singapore, a vibrant, diverse, and rich cultural city that is a true global epicenter for entrepreneurship,” said Babson College President Stephen Spinelli Jr. MBA’92, PhD. “This invigorating event brings together distinguished entrepreneurs, thought leaders, and alumni for a unique opportunity to learn, collaborate, connect, and drive innovation. BCW exemplifies Babson’s commitment to empowering the next generation of global entrepreneurial leaders and fostering lifelong learning within our community." Featured Sessions and Speakers: In addition to the keynote address from Khailee Ng, attendees will have the opportunity to hear from some of the industry’s most influential entrepreneurs on how entrepreneurial thinking, innovative strategies and visionary leadership can drive positive change. Sessions will focus on topics that address the challenges and opportunities that new and emerging technologies create for today’s entrepreneurs. Sample sessions include: Fireside chats with prominent business leaders driving technological and societal innovation: Jacqueline Poh, Managing Director of the Singapore Economic Development Board, focused on the evolution of entrepreneurship in Singapore Nikhil Kamath, Co-Founder of Zerodha | Gruhas | True Beacon, focused on the intersection of entrepreneurship and philanthropy Panel discussions focused on emerging technologies and industries, such as: From Ideas to Algorithms: AI and Entrepreneurship featuring Dr. Ayesha Khanna, CEO of ADDO and Philbert Gomez, Vice President & Head, Digital Industry Singapore (DISG) Pioneering Change: Entrepreneurs’ Strategies for Adapting in Times of Turmoil featuring Vikram Rupani ’03, Co-Founder & CEO, Nuguru, Co-Founder & President, Redmart (acquired by Alibaba), Maya Hari, CEO of Terrascope Pte Ltd, Sudarshan Venu, Managing Director of TVS Motor Company and Stephanie Nash, Vice President of Human Resources, Asia Pacific at Ingram Micro The Next Course: Charting the Future of Technology in Food Systems featuring Sanjay Dasari ’15, Co-Founder of WayCool Foods, Vasana Jantarach MBA '07, Co-Founder & Managing Director of Exotic Food Public Company Limited, TC Chatterjee MBA ‘95, CEO of Griffith Foods, Dan Altschuler Malek MBA ’11, Managing Partner of Unovis Asset Management, and Anuj Maheshwari, Head of Agri-Food for Temasek Unlocking the Potential of the Blue Economy: Entrepreneurs at the Helm featuring Nanette Medved-Po ‘98, Founder and Executive Chairperson of HOPE and PCX groups, Mark Dalio, Founder & Co-CEO of OceanX, and Geraldine Chin, Singapore Country Director for Conservation International From Kitchen Table to Boardroom: Building Family-Owned Businesses featuring Lauri Union, Nulsen Family Executive Director at Babson’s Bertarelli Institute for Family Entrepreneurship, Richie Eu ‘09, Managing Director of Mergers & Acquisitions at Eu Yan Sang International Ltd., Crystal Lam, Managing Director of Vinawood Ltd, and Nuttapong Hirunyasiri ‘08, CEO of MTS Gold Group Learn more about the agenda and register by visiting www.babson.edu/BCW. About Babson College Babson College prepares and empowers entrepreneurial leaders who create, grow, and steward sustainable economic and social value everywhere. We shape the entrepreneurial leaders our world needs most: those with strong functional knowledge, skills, and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in organizations of all types and sizes. An international leader in entrepreneurship education recognized globally by U.S. News & World Report, our undergraduate, graduate, executive programs, and partnership opportunities are tailored to the needs of our world.

January 09, 2024 08:00 AM Eastern Standard Time

Schedulefly Adds Industry Intelligence to Restaurant Employee Scheduling and Communication Platform

Vertical IQ

Schedulefly, a web-based platform that enables restaurants and other service-based businesses to schedule and communicate with their staff, recently incorporated Industry Intelligence from Vertical IQ into its scheduling software. This enhancement allows Schedulefly users to access Vertical IQ’s Industry Profiles on pertinent food and beverage niches such as Restaurants, Bars and Nightclubs, Breweries, Coffee Shops, Caterers, Golf Courses, Casinos and more. “We know that Schedulefly customers want to stay attuned to what’s going on in their industry in order to make informed decisions, but it can be tough for them to find the time to do this type of research,” explains Wil Brawley, co-owner of Schedulefly. “Vertical IQ’s Industry Intelligence is the best in the business, so giving our users easy access to these invaluable insights is another way we can help support our customers’ success.” Business owners within the hospitality industry who use Schedulefly are already realizing the benefits of the platform’s new content. "Having these industry reports consolidated in one easy-to-reach location alleviates the need to seek them out individually,” says Shaun Fiaccone, president of HumanKind Hospitality. “Doing so increases the likelihood that operators will consume the information and use it to make clear, data-driven decisions. This more efficient data flow also allows me more time to focus on other areas of my business, which is something we can all use." The Schedulefly integration marks a noteworthy new application of Vertical IQ’s Industry Intelligence, observes David Buffaloe, president of Vertical IQ. “Our product’s primary original target was financial services providers, but over the years, we have discovered countless sectors that can benefit from access to our industry insights,” Buffaloe says. “From insurance professionals and business advisors, to accountants and now, restaurateurs, just to name a few — the value of understanding the ins and outs of an industry — whether it’s your own or that of a client or prospect — can’t be understated.” ABOUT SCHEDULEFLY Serving thousands of customers across the U.S. and Canada, Schedulefly’s simple web-based platform enables restaurants, bars, breweries, boutique hotels and others in the hospitality industry to schedule and communicate with their staff. Schedulefly is fast, easy, engaging and fun, making life easier for business owners and their teams. Learn more at www.schedulefly.com. ABOUT VERTICAL IQ Headquartered in Raleigh, N.C., Vertical IQ is a nationally recognized leader in Industry Intelligence. Whether they’re pitching a local brewery or a national biotech company, successful sales, marketing and customer success teams use Vertical IQ to better understand a prospect’s or client’s business challenges before, during and after meetings. Covering more than 560 distinct industries, 3,400 local economies and more than 97 percent of the U.S. economy and Canada, Vertical IQ equips users with the confidence and credibility to make memorable first impressions and sustain enduring relationships. Contact Details Wil Brawley +1 704-906-2031 wbrawley@schedulefly.com Company Website https://www.schedulefly.com

January 09, 2024 08:00 AM Eastern Standard Time

Trust & Will Announces Earned Equity Investment Arrangement From Forecast Labs

Trust & Will

Trust & Will, the leading digital estate planning and settlement platform in the U.S., today announced that it has entered into an earned equity investment arrangement with Forecast Labs, a consumer venture group within Comcast. Previously, Trust & Will has raised more than $50 million in funding. Forecast Labs has worked with consumer fintech companies such as Acorns, Public, and Hippo. Founded in 2017, Trust & Will simplifies the process for people looking to create wills and trusts online, combining SOC 2-compliant technology with highly customizable estate plans that fit every budget. The company has helped more than 700,000 families as they begin to plan their future and look to settle the estates of loved ones. Last year, Trust & Will achieved certification as a B Corporation, further validating its mission to bring sustainable, socially responsible solutions to families in need. “We’ve quickly established ourselves as a driving force for the future of personal finance,” said Cody Barbo, CEO and Founder of Trust & Will. “As we look ahead at our goals for growth in 2024, I am excited to start working with Forecast Labs to put our business in front of more Americans who have otherwise been left out. Estate planning is too important of a topic for so many people to neglect until it’s arguably too late.” More than 60 percent of Americans don’t have a will in part because of the expenses involved. Trust & Will provides a less expensive alternative for digital-savvy consumers, catering its offering to local laws and suggested norms. With this investment, Forecast Labs will promote Trust & Will nationally via TV advertising to raise awareness of relevant financial considerations and to encourage interested consumers to sign up for the service. “Over the coming decades, we will witness the largest inter-generational wealth transfer take place in America. To seamlessly facilitate this transition, a modern, tech-enabled, accessible, and affordable estate planning solution is needed. We believe Trust & Will is best situated to be that solution at scale,” said Arjun Kapur, Managing Director at Forecast Labs. “With this investment, we will play a pivotal role in introducing Trust & Will to people who have otherwise been priced out of estate planning or have had to deal with outdated ways of managing their wills and trusts.” ABOUT TRUST & WILL Trust & Will is simplifying estate planning and settlement with attorney-approved, legally valid documents and processes designed to adhere to individual state guidelines. Since 2017, we’ve helped hundreds of thousands of Trust & Will members leave their legacy with an affordable way to create an estate plan or settle the estate of a loved one. Our platform uses bank-level encryption that protects customer data and complies with the highest security standards, including SOC 2 and HIPAA. Trust & Will is a certified B Corporation and is the official estate planning benefit provider for AARP members, along with several leading financial institutions, who all believe in our mission of helping every family leave their legacy. Trust & Will is an online service providing legal forms and information. Trust & Will is not a law firm and does not provide legal advice. Contact Details Trust & Will Danielle Nuzzo +1 631-807-7772 danielle@trustandwill.com Company Website https://trustandwill.com

January 09, 2024 07:25 AM Eastern Standard Time

Intel ushers in the AI PC Era at CES 2024

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

January 09, 2024 07:00 AM Eastern Standard Time

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Satya Komal a Silicon valley Tech Investor with a Midas Touch: Maximizing Startup Exits

IPRD

Hyderabad, Telangana, India, January 9, 2024 -- Kritsnam Technologies, a leading water management startup, pioneers the world's best SaaS-based smart water metering. Through advanced data analytics, the company provides real-time insights, empowering businesses, cities, and municipalities to optimize water consumption and reduce wastage. Kritsnam Technologies envisions a water-conscious future through intelligent technology and sustainable practices. Satya Komal's profound expertise in strategic funding, sales, exit strategies, and acquisitions, gained from his previous ventures, plays a pivotal role in nurturing Kritsnam's growth and expansions. His active involvement in startup guidance, coupled with a keen understanding of the AI in the tech ecosystem and Digital growth hacking dynamics, will position Kritsnam for sustained success. Kritsnam Funding was, led by IIT Kanpur, BVR Mohan Reddy, the Founder Chairman of Cyient Ltd (EX- NASSCOM Chairman); Satya Komal N Founder of Humpback Innovations LLP; Kunal Shah, Founder of (CRED); Sai Srinivas, Founder of (MPL Gaming); Hashvat Nakrani, Founder of (BharatPe); Shantanu deshpande Founder of (Bombay shaving company); Ashish Gupta, Founder of Helion Ventures (Junglee.com); Boman Irani, CMD of Rustomjee Group President of (Credai); LetsVenture;Shalini Chabra, Managing Partner at 3i Partners and Incipia Advisors. Satya’s mark of triumph came when he was invited to inaugurate Kritsnam’s most celebrated product “Dharma smart”. This occasion was even more special after knowing the first product was launched by the legendary B.V.R Mohan Reddy, Vice-chairman Nasscom Founder of CYIENT. Satya komal N says "Kritsnam's water solutions tackle a global challenge. Smart metering and data-driven intelligence align with my passion for sustainable tech. Bringing AI Into Water management space is my passion”. Satya Komal says “The magic you are looking for is in the work you are avoiding”. The pursuit of a lucrative exit is the goal of any Investor or VC, but in today's digital landscape, exit is highly impossible for individual investors or angels. Satya Komal, recognized as the expert in achieving successful exits with three notable instances in Silicon Valley, indian market. Telling when to enter a startup initial idea/ seed round etc. Satya komal says his Mantra “don't fund if you can't contribute to growth”. Many founders aspire to secure venture capital, but it can backfire. While seen as vital for growth, it often fosters reckless spending and discourages financial discipline. Founders become pressured to expand rapidly, leading to constant fundraising efforts, loss of autonomy, and dependency on capital. In essence, venture capital can be akin to an addictive drug. If you remain unprofitable for a long time with high CACs, You need capital to survive. Vet your VCs: Understand their expectations and align them to yours.Don’t go on a spending spree immediately: Resist the urge, plan and extend your runway. Not every investor will push you to raise more money or grow unsustainably. Raise capital, but do it responsibly. Attract funds only from institutions capable of enhancing revenue and adding value in targeted business domains. This strategic approach lays the foundation for successful exit plans Meanwhile, balance revenue growth and innovation. entrepreneurs should diligently prepare well before the actual sale and thoughtfully explore the available options. Next Endeavor: Satya Komal will be collaborating with Bart Jacobsz Rosier, the founder & CEO of Etergo Acquired as Ola Electric, 8 Billion USD valuation entering into IPO. They will be venturing into the AI space, setting the stage for the company. Satya Komal will be starting his VC fund “ Satya Ventures” to assert his commitment to the space of sustainability energies and AI technology and hopes to say farewell with some great connections he established over the years. across the globe. Reach Satya Komal at oppurtunitues@satyakomal.com www.satyakomal.com Contact: Company Name: Kritsnam Technolgies Company Email: oppurtunitues@satyakomal.com Company Website: https://kritsnam.com/ Contact Person: Lokesh City - Hyderabad Country - India Contact Details Satya Komal oppurtunitues@satyakomal.com

January 09, 2024 06:55 AM Eastern Standard Time

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Bitget lists Rich Rabbit (RABBIT) tokens in Innovation Zone and Launchpool

Bitget

Bitget, the world's leading cryptocurrency exchange and Web3 company has announced the listing of Rich Rabbit's native token RABBIT a meme token trending as the next Dogecoin. The listing of RABBIT in the Innovation Zone allows users to easily trade WEB3 small-cap tokens on the Bitget platform. To support a new token listing, users can grab a share of 1,818,180 RABBIT with ongoing Launchpool promotions. RABBIT is a space-themed meme coin, but aspires to become the premier crypto community for space enthusiasts. RABBIT collaborates with JDI, OneWeb, and Iridium to apply blockchain technology to space. As the first meme coin based on mining for space exploration, Rich Rabbit ecosystem is committed to building decentralized wireless networks. The platform offers hardware and software products and services. Rich Rabbits is a hot spot manufacturer of helium miners and are working on offering applications that remotely manage IOT and 5G hotspots on blockchain. "Emerging technologies can drive growth of research and development in space exploration and we're glad to bring more exposure to projects aiming towards the same. Bitget's launchpool is designed to give better accessibility to WEB3 users to capture small cap, high potential tokens, " said Gracy Chen, Managing Director at Bitget. Bitget's innovation zone listing and launchpool promotion facilitate improved accessibility to promising projects, providing users with exclusive entry to highly valuable digital assets in the industry. The inclusion of RABBIT in Bitget's innovation zone helps users engage in the initial launch phases of the token. Tailored for the trading of new token offerings, the innovation zone primarily focuses on the new (initial) listing of trending tokens. A 60-day valuation period is allotted for all newly listed pairs in the zone. Regular reviews of newly listed tokens are conducted to ensure compliance with Bitget’s platform standards, encompassing factors such as trading volume, liquidity, team, project development, and other criteria essential for maintaining active listing status. Bitget users have the option to purchase trending and newly listed tokens, like RABBIT, using debit/credit cards, bank transfers, and various other multi-currency payment methods. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

January 09, 2024 06:09 AM Eastern Standard Time

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Bitget Report 2023: Remarkable 94% Surge in Spot Trading, Accompanied by a 110% Spike in BGB Volume

Bitget

Bitget, the world's leading cryptocurrency exchange and Web3 company, unveiled its Bitget Transparency Report 2023 today. Amidst a cryptocurrency market that experienced both turbulence and breakthroughs in the past year, Bitget demonstrated impressive resilience and growth. In 2023, the platform witnessed a remarkable 94% surge in spot trading volume and a substantial 110% increase in BGB trading volume. Business Performance Highlights: Despite market challenges, Bitget's overall yearly trading volume reached $3.14 trillion as year-on-year spot trading volume surged by 94%. Bitget Token (BGB) saw exceptional growth of 291% in price and a 110% increase in trading volume, with prices breaking out of the ATH level multiple times last year. Made strategic investments, including a $30 million investment in BitKeep, and established the EmpowerX Fund and Web3 Fund with $100 million capital each to expand the ecosystem. Launched Blockchain4Youth project worldwide with $10 million allocated funding. Registered as a Virtual Asset Service Provider (VASP) in Poland and Lithuania According to the report, Bitget thrived with a total trading volume exceeding US$3.14 trillion. Notably, spot trading volume surged to US$81.6 billion, marking an impressive 94% increase despite market turbulence. Bitget's user base flourished, reaching 20 million, supported by a dedicated team of 1,500 staff members. The platform also experienced a peak of 13.6 million monthly visits in May 2023. Furthermore, the platform's proactive listing strategy resulted in the addition of 355 new listings, marking an impressive 46% year-on-year increase. This has elevated Bitget's offerings to encompass over 600 tokens and 700 spot trading pairs, underlining our commitment to asset diversity. This expansion also sparked increased demand for BGB, Bitget's native token, which experienced remarkable growth, achieving a record-breaking all-time high price of 0.70499 USD, representing a remarkable 291% increase from its value at the beginning of 2023. The surge in BGB holders, reaching nearly 217,000 by the end of 2023, and a substantial rise in its trading volume can be attributed to the introduction of new features, developments in launchpad and launchpool, compliance achievements, and its continuous efforts to enhance Bitget's trading services and ecosystem. Gracy Chen, Managing Director of Bitget, states: "In 2023, marked by its unpredictable pace and market fluctuations, Bitget achieved notable milestones. We are pleased to unveil our Bitget Transparency Report, which highlights significant growth in both our user base and trading volume to the world. Additionally, we expanded our business operations and fortified our compliance measures, solidifying our position in the cryptocurrency industry. These accomplishments underscore our commitment to providing top-notch services and our unwavering dedication to the crypto community. We look forward to the opportunities that lie ahead as we persist in driving innovation within the cryptocurrency space." About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

January 09, 2024 06:05 AM Eastern Standard Time

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