Bitget, a global leader in the crypto exchange and web3 sector, recently announced the launch of the BWB token of Bitget Wallet on its Launchpad. What changes and innovations will it bring? Let’s see all the details below.
Summary
Bitget Wallet launches the token BWB: all the details
As anticipated, Bitget has announced the launch of the BWB token of Bitget Wallet on its Launchpad. The sale of the BWB token will be held from June 1 to 6, with the listing on Bitget’s spot market scheduled for 20:00 (GMT+8) on June 6, 2024.
Bitget Launchpad, a leading platform for the launch of token, allows users to participate in fundraising for promising projects, offering token in return.
Bitget Wallet, more than just a wallet, is a decentralized ecosystem that serves as a gateway to web3 for users.
According to the 2024 roadmap, Bitget Wallet has launched the Bitget Onchain Layer, a visionary project that represents the decentralized future of the Bitget ecosystem.
The token BWB, in addition to being the official native token of Bitget Wallet, plays a crucial role in the Bitget Onchain Layer, supported by a BWB Ecosystem Fund of 10 million dollars.
This fund aims to incubate and grow partner projects based on the Bitget Onchain Layer.
The integration of on-chain and off-chain resources is fundamental for the development of the Bitget Onchain Layer, leveraging the DApp Modular-feature (MFD) to facilitate access to Web3 financial services through the Bitget Wallet application.
The token BWB offers multiple utilities within the Bitget ecosystem, empowering users with various features. It enables community governance, allowing token holders to participate in decision-making processes.
Users can stake BWB tokens to earn rewards, further enhancing their overall yield.
Furthermore, the token will be used for the payment of gas fees on multiple chains with the subsequent release of the Account Abstraction (AA) wallet.
The holders of BWB will have access to the Launchpad, Launchpool, and Airdrop events of Bitget Wallet, and will be qualified for the airdrops of projects based on the Bitget Onchain Layer, providing continuous value and benefits to the token holders.
The decentralized future of Bitget
During the commitment period of the BWB launched on Bitget Launchpad, users can commit the native token of Bitget, BGB, to participate in the sale. The exchange price of BGB will be announced at the end of the commitment calculation period.
At the closing of the commitment window, BWB tokens will be allocated to each user based on their committed BGB. Alvin Kan, COO of Bitget Wallet, stated:
“Evaluating the value of Bitget Wallet and the BWB token requires a broader perspective than that of a simple Web3 wallet. The decentralized future of the Bitget group lies within the Bitget Onchain Layer, an open and collaboratively built ecosystem that acts as an intermediate layer for user interaction within Web3. Within this framework, the BWB token will serve not only as the official token of the Bitget Wallet ecosystem but also as the heart of the Bitget Onchain Layer.”
As the ecosystem continues to develop, therefore, the BWB token will play an increasingly significant role in enhancing and applying within the Bitget Onchain Layer.
Thus expanding the discovery and recognition of its value with the progress of the ecosystem construction.
In March 2023, Bitget invested another 30 milioni di dollari in Bitget Wallet (previously known as BitKeep), thus securing a controlling stake and catalyzing a complete brand upgrade.
Recently, Bitget Wallet unveiled its detailed roadmap for 2024, which includes the development of the Bitget Onchain Layer. This initiative is intended to strengthen the role of the platform as a decentralized extension and future core of the entire Bitget ecosystem.
