Bitget Launchpad Introduces Bitget Wallet Token $BWB for BGB/USDT Subscription
Leading global cryptocurrency exchange and Web3 company Bitget has announced the launch of the BWB token on its Launchpad. The BWB token trading will take place from June 1st to June 6th and will be listed on the Bitget spot market on June 6, 2024, at 20:00 (GMT+8).
As a leading token issuance platform, Bitget Launchpad offers users the opportunity to participate in fundraising activities for promising new 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 the Bitget Onchain Layer, positioning it as an on-chain extension and decentralized future of the Bitget ecosystem.
In addition to being the official native token of Bitget Wallet, BWB plays an important role in the Bitget Onchain Layer. The Bitget Onchain Layer is driven by a $10 million BWB ecosystem fund, which aims to incubate and grow collaborative projects built on the Bitget Onchain Layer. The seamless integration of on-chain and off-chain resources is a key element in the development of the Bitget Onchain Layer, enabling users to easily access various Web3 financial services through the modular decentralized applications (MFDs) using Bitget Wallet.
BWB token offers a wide range of applications within the Bitget ecosystem, empowering users through various functions. It enables community governance, allowing token holders to participate in the decision-making process. Users can also stake BWB tokens to earn rewards, further increasing their overall returns. With the future launch of the Account Abstraction (AA) wallet, the token will also be used for paying gas fees on multiple chains. BWB holders can participate in Bitget Wallet’s Launchpad, Launchpool, and airdrop events. Holding BWB also qualifies users to receive airdrops from projects built on the Bitget Onchain Layer, providing continuous value and benefits to token holders.
During the BWB issuance period on Bitget Launchpad, users can submit Bitget’s native token BGB to participate. The exchange rate of BGB will be announced after the holding calculation period. After the event ends, the distribution of BWB tokens will be based on the amount of BGB submitted by each user.
Alvin Kan, Chief Operating Officer of Bitget Wallet, stated that “evaluating the value of Bitget Wallet and the BWB token requires a multi-dimensional perspective. The decentralized future of the Bitget Group lies in the Bitget Onchain Layer, an open and collaborative ecosystem that serves as an intermediary layer for user interaction in Web3. Within this framework, the BWB token will not only serve as the official ecological token of Bitget Wallet but also become the core of the Bitget Onchain Layer.”
Alvin Kan added, “As our ecosystem continues to evolve, the BWB token will have increasingly important empowerment and applications within the Bitget Onchain Layer, expanding its value and recognition along with the progress of ecosystem construction.”
In March 2023, Bitget made a $30 million additional investment in Bitget Wallet (formerly known as BitKeep), gaining majority ownership and driving a comprehensive brand upgrade. Recently, Bitget Wallet unveiled its detailed roadmap for 2024, including the development of the Bitget Onchain Layer, aimed at enhancing the platform’s role as a decentralized extension and future core of the entire Bitget ecosystem.
Bitget Launchpad
Bitget Wallet
BWB
