Bitget Exchange announced the launch of the BWB token on its Launchpad, Bitget Wallet. The trading of BWB tokens will take place from June 1st to June 6th, and it will be listed on the Bitget spot market on June 6th, 2024, at 8:00 PM (GMT+8).
As a leading token issuance platform, Bitget Launchpad allows users to participate in fundraising activities for promising and emerging projects and receive corresponding token rewards. Bitget Wallet is not just a wallet, but also a comprehensive decentralized ecosystem and gateway for users to enter Web3. According to its 2024 roadmap, Bitget Wallet has launched Bitget Onchain Layer, positioning it as the on-chain extension and decentralized future of the Bitget ecosystem.
BWB token plays an important role not only as the official native token of Bitget Wallet but also in Bitget Onchain Layer. Bitget Onchain Layer is driven by a $10 million BWB ecosystem fund, which aims to incubate and grow collaborative projects built on Bitget Onchain Layer. Seamless integration of on-chain and off-chain resources is a key element in the development of Bitget Onchain Layer, enabling users to easily access various Web3 financial services through modular decentralized applications (MFDs) using Bitget Wallet.
BWB tokens provide extensive applications within the Bitget ecosystem, empowering users through various functionalities. It enables community governance, allowing token holders to participate in decision-making processes. Users can also stake BWB tokens to earn rewards and further enhance their overall earnings. With the introduction of Account Abstraction (AA) wallets in the future, the token will also be used for multi-chain gas fees payment. BWB holders can participate in Bitget Wallet’s Launchpad, Launchpool, and airdrop activities. Holding BWB tokens also qualifies users for project airdrops built on Bitget Onchain Layer, providing continuous value and benefits to token holders.
During the issuance period of BWB on Bitget Launchpad, users can submit Bitget’s native token BGB to participate. The exchange price of BGB will be announced after the holding calculation period. After the event ends, the distribution of BWB tokens will be based on the BGB submitted by each user.
Alvin Kan, the Chief Operating Officer of Bitget Wallet, stated, “Evaluating the value of Bitget Wallet and BWB token requires multiple perspectives. The decentralized future of the Bitget Group lies in Bitget Onchain Layer, an open and collaborative ecosystem that serves as an intermediate layer for user interaction in Web3. Within this framework, BWB token will not only be the official token of Bitget Wallet’s ecosystem but also the core of Bitget Onchain Layer.”
Alvin Kan added, “As our ecosystem continues to develop, BWB token will have increasingly important empowerment and applications in Bitget Onchain Layer, expanding its value and recognition with the progress of ecosystem construction.”
In March 2023, Bitget made a additional investment of $30 million in Bitget Wallet (formerly known as BitKeep), acquiring a controlling stake and promoting a comprehensive brand upgrade. Recently, Bitget Wallet unveiled its detailed roadmap for 2024, including the development of Bitget Onchain Layer, aiming to enhance its role as the decentralized extension and core of the entire Bitget ecosystem.
About Bitget:
Established in 2018, Bitget is a leading cryptocurrency exchange and Web3 company. Bitget currently serves over 25 million users in more than 100 countries worldwide, providing services through its innovative copy trading feature and other trading solutions to help users trade more intelligently.
Bitget Wallet, formerly known as BitKeep, is a world-class multi-chain cryptocurrency wallet that offers a range of comprehensive Web3 solutions and functionalities, including wallet features, exchanges, NFT markets, DApp browsers, and more. Bitget encourages the adoption of cryptocurrencies through partnerships with Argentine football legend Lionel Messi and official esports event organizer PGL.
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