Bitget Wallet Token (BWB) has been released on Bitget Launchpad.

Cryptocurrency exchange Bitget announced the launch of BWB tokens through the Bitget Launchpad platform. The token offering, scheduled from June 1 to June 6, 2024, will conclude with the tokens being listed on the Bitget spot market on June 6 at 8 PM (GMT+8).

Recognized for fostering the debut of emerging cryptocurrency projects, Bitget Launchpad now presents its latest initiative with BWB, the native token of Bitget Wallet. This launch does not simply add another token to the market. This represents the strategic evolution of the Bitget ecosystem into a fully integrated decentralized platform.

Bitget Wallet goes beyond its role as a typical cryptocurrency wallet by unveiling a comprehensive roadmap for 2024 that includes the ambitious Bitget Onchain Layer. This initiative aims to combine the functionality of wallets with blockchain technology to create a seamless connection to Web3 services. The on-chain layer is set to streamline access to a variety of financial services within Bitget Wallet by providing a modular and interoperable environment in which decentralized applications (MFDs) thrive.

Alvin Kan, COO of Bitget Wallet, highlights the comprehensive utility of BWB tokens within the ecosystem.

In addition to common use cases such as transaction fee payments and governance, BWB allows holders to engage deeply with the platform through staking mechanisms and participation in exclusive Launchpad, Launchpool and Airdrop events. The token’s role is pivotal in enabling a self-sustaining ecosystem supported by the $10 million BWB Ecosystem Fund, dedicated to nurturing projects developed on the Bitget Onchain Layer.

The introduction of the BWB token follows a significant investment move by Bitget in March 2023. Bitget invested an additional $30 million in what was then known as BitKeep and has now been rebranded as Bitget Wallet. This strategic financial injection not only secured a controlling stake, but also set the stage for a series of upgrades in line with the wallet’s decentralization aspirations.

While the platform prepares for the token launch, potential buyers can participate by committing BGB, Bitget’s native token. Details of the swap price will be released after the token holding calculation period and will be allocated based on each user’s commitment amount.

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