Bitget Wallet Officially Launches Platform Token BWB, Introduces Points Airdrop Program
Asia’s largest Web3 wallet, Bitget Wallet, has announced the official launch of its native token, BWB, and the launch of the BWB token airdrop program.
Platform token BWB launched, points airdrop activity is now live
The total supply of the BWB token is 1 billion, with 5% allocated for community airdrops in the form of BWB points, which can be redeemed for BWB in the future. The points airdrop activity has officially begun, running from March 18th to April 28th, and is divided into two parts: “Initial Airdrop” and “Mission Rewards,” applicable to both new and existing wallet users.
In the “Initial Airdrop” part of the BWB points, Bitget Wallet has conducted a retrospective airdrop for existing users based on their past wallet usage, such as asset holdings, Swap transactions, and participation in activities, evaluated across multiple dimensions. Additionally, users who have used the Swap function in mainstream Web3 wallets such as MetaMask, Trust Wallet, and Coinbase Wallet have also received incentive airdrops. Furthermore, users who download the Bitget Wallet App during the event period will also receive a 50 BWB points airdrop.
For “Mission Rewards with BWB points,” anyone can earn BWB points by completing designated tasks, which include asset holdings, Swap transactions, and inviting friends. Users can accumulate points by completing tasks daily.
Alvin Kan, Chief Operating Officer of Bitget Wallet, stated, “The team plans to officially issue the BWB token in the second quarter of 2024, at which time users will be able to use BWB points for redemption. BWB will become the core asset and equity token of the Bitget Wallet decentralized ecosystem. BWB holders will unlock and enjoy exclusive benefits such as community governance and ecosystem airdrops, as well as additional rewards brought by the development of Bitget Wallet.”
Asia’s largest and one of the top five global Web3 wallets
With over 5 years of history, Bitget Wallet has seized the rise of DeFi and the trend of Web3 becoming an industry mainstream. Its user base has rapidly grown, with over 19 million users worldwide, making it the largest Web3 wallet in Asia and one of the top five globally.
Bitget Wallet previously secured a $15 million Series A funding led by Dragonfly and was later acquired by Bitget, one of the top ten centralized exchanges and top five derivatives exchanges, at a valuation of $300 million in 2023. Following the acquisition, Bitget Wallet underwent rebranding and brand upgrades. Today, Bitget Wallet, relying on the Bitget Group ecosystem, has become an important role as the decentralized entry point in the group’s matrix. Therefore, the upcoming BWB token will not only be the core asset of Bitget Wallet itself, but also the core asset and Web3 equity certificate of the entire Bitget decentralized ecosystem, participating in the rewards accordingly while having practical use cases within Bitget Wallet.
Today, Bitget Wallet has far exceeded the definition of a Web3 multi-functional wallet. It is the industry’s first wallet designed with a comprehensive perspective of the entire chain. It is also the first wallet to aggregate DEX market data, NFT markets, market tools, Launchpad platforms, full-chain name text casting, and Web3 task platforms, among others. Its outstanding user experience is the core competitive advantage of Bitget Wallet.
Focusing on new assets and opportunities to help users “earn more”
In addition to surpassing numerous product user experiences, another core competitive advantage of Bitget Wallet lies in helping users discover the latest assets and investment opportunities in the industry through product features and operational strategies, thereby earning more income.
“New assets” have always been the core of the industry’s wealth effect, and “earning more” is always the main demand of users. “New assets” and “new opportunities” have been the main themes throughout the development of Bitget Wallet, with almost all key features revolving around these two keywords.
Bitget Wallet offers the most extensive ecological support in the industry, covering 100 mainstream public chains, hundreds of EVM-compatible chains, and combining innovative features such as gasless transactions and automatic slippage to provide a series of complementary ecological interaction functions. With just one wallet, users can connect to the entire Web3 world, manage assets, trade tokens and NFTs, and participate in DApp ecosystems.
In addition to providing excellent product features and services, Bitget Wallet also places great emphasis on security and has established the GetShield security system, which is applied to various product functions and services to ensure the security of every transaction or interaction scenario. This includes comprehensive risk token detection, contract detection, authorization detection, fraud address identification, anti-phishing mechanisms, DApp security ratings, and more, to prevent various risks. Additionally, for wallet security, Bitget Wallet has introduced MPC and AA wallet technologies, supports hardware wallet connections, has completed audits of core codes such as Swap and NFT market protocols, and has integrated Flashbots into transactions to prevent malicious MEV attacks. Furthermore, Bitget Wallet shares a $300 million risk guarantee fund with Bitget, enhancing its risk resistance capabilities.
Regarding the future vision and planning of BWB, Alvin Kan explained, “The launch of BWB is a new beginning, and Bitget Wallet will enter a new stage of development with more innovative products and ecosystem construction plans. Bitget Wallet hopes to help 1 billion users enter the Web3 world through BWB, discover and capture more new assets and opportunities, while also accelerating the communityization of Bitget Wallet, allowing more users to participate in Bitget Wallet’s governance and enjoy the rewards brought by Bitget Wallet’s development.”
BWB
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