Sabai Protocol (SABAI) Lists on MEXC Following Strong Community Support

Sabai Protocol (SABAI), an asset tokenization protocol, has listed its native token, $SABAI, on the popular cryptocurrency exchange MEXC for trading by the general public.

MEXC announced that deposits are already open, and the trading pair SABAI/USDT will begin trading on May 14, 2024, at 10:00 UTC. Withdrawals will be enabled starting from May 15, 2024, at 10:00 UTC.

The exchange included the SABAI token in its “Innovation Zone, ” indicating the potential for heightened price volatility. MEXC also advised traders to exercise caution and do their due diligence before taking any action. The exchange clarified that it does not guarantee or compensate for any investment losses traders may incur.

This development follows the display of community support during MEXC’s Kickstarter session for the protocol. The Kickstarter event is part of the exchange’s broader strategy of fostering community engagement and ensuring a robust and successful launch for new blockchain and crypto projects.

Sabai Protocol aims to revolutionize the blockchain industry by introducing a solution that can tokenize any Real World Asset (RWA) and Virtual Asset (VA) with its own set of proprietary smart contracts. The project reportedly started out as an in-house initiative for Villa Carte Holdings, a real estate company in Phuket, Thailand, to enable it to list its real estate offerings on the digital asset market and attract a set of potential investors. However, it was spun out as a separate company when the project team found that it could do beyond that.

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Users who supported the protocol’s Kickstarter event received SABAI airdrops as a token of appreciation for their active participation. The airdrops have reportedly been successfully distributed to their accounts.

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