In a recent collaboration, Web 3.0 platform, Bit.Store announced its deployment on the OKC network. In a Twitter post today, the platform revealed that it will now support OKX Web 3.0 wallet on its app.
Via the announcement, the platform disclosed that the collaboration will provide its users with the privilege to access a host of coin and trading pairs. More so, the latest development will push the advancement of the Web 3.0 platform by attracting more users.
Bit.Store is an investment platform that intergrates fiat-crypto exchange channel, socialFi features and expert investment strategies. As at 2021, the platform has more than 500k active users, as it focuses on onboarding firms and individuals into the Web 3.0 space.
Side notes about Bit.Store
More so, Bit.Store empowers small investors to leverage social networks and interactive tools. With that they can engage with other investors, independently make informed investment choices, and share achievements. With the recent collaboration, investors using the platform will enjoy the availability of tokens on the OKC ecosystem, thus, increasing their investment options.
Further, Bit.Store allows copy trading strategies designed by trading experts in the industry. It also supports experts to monetize their contribution to the platform.
Recall that in February 2022, the native token of Bit.Store, $Store IEO became listed on MEXC, Gate.io and Huobi Global. Shortly after the listing, the token soared 15 times past the IEO issue price. Also, the following month, BitMart listed the token providing STORE/USDT trading pair.
On May 1, 2022, Bit.Store’s $Store hit its all-time high of $0.1708. Ever since the token has suffered a gradual decline confining it to its all-time low of $0.01654 on January 8, 2023. According to Coinmarketcap, the token is presently trading at $0.01744.
Recent growth of Web3
Presently, Tech firms are rushing to place themselves at the forefront of the development of Web 3.0 sector, a dream Bit.Store is also pursuing. The growth of the sector has gained a massive boost due to investments.
According to market data, the Web 3.0 space alongside cryptocurrency firms raised more than $1 billion in the first half of 2022. Firms like Animoca Brands, Polkadot, Theta and Meta are investing heavily in the sector to become a force to reckon with.