Victoria, Seychelles, March 18, 2024, Chainwire
Bitget Wallet, Asia’s leading Web3 wallet, proudly announces the launch of its official ecosystem token, BWB, along with an innovative BWB points airdrop event. This is an important milestone in the platform’s efforts to strengthen user engagement and foster a vibrant community ecosystem.
Introducing BWB Token and Airdrop Initiative
According to presentation, the total supply of BWB tokens is set at 1 billion, with 5% allocated to community airdrops. These airdrops will be distributed in BWB Points, giving users the opportunity to exchange their points for real BWB tokens in the future. This strategic move aims to energize the community and increase engagement.
To secure a diverse user base, Bitget Wallet ran an airdrop campaign for 6 weeks from March 18th to April 28th. The initiative is divided into two main parts: “Initial Airdrops” that reward loyal users and “Task Airdrops” designed for users who complete certain activities. This streamlined approach aims to increase engagement across the board.
For the ‘initial airdrop’, BitGet Wallet looked back and provided rewards to existing users based on their previous wallet usage, including asset holdings, swap transactions, and participation in various activities. We also offered bonus airdrops to users who used the Swap feature on other well-known Web3 wallets, including MetaMask, Trust Wallet, and Coinbase Wallet. Additionally, new users who download the Bitget Wallet app during the campaign period will receive an airdrop of 50 BWB points.
In “Task Airdrop,” all Bitget Wallet users have the opportunity to earn BWB points by completing certain tasks. This includes storing assets in your wallet, performing swap transactions, and inviting friends. Each task provides a different number of points, so users can collect points every day.
Commenting on the future of BWB, Alvin Kan, COO of Bitget Wallet, said, “We eagerly anticipate the official launch of the BWB token in the second quarter of 2024. This allows users to convert their accumulated BWB points into tokens. It is important to us that BWB serves as the key to providing exclusive benefits to holders, providing a voice in community governance, access to ecosystem airdrops, and rewarding dividends as Bitget Wallet grows.”
Asia’s leading Web3 wallet and global top 5 contender
For over five years, Bitget Wallet has navigated multiple market cycles while leveraging the rise of DeFi and the mainstreaming of Web3. This strategic exploration has fueled the rapid growth of its user base, which now exceeds 19 million users globally, making Bitget Wallet the largest Web3 wallet in Asia and one of the top five wallets globally.
The wallet’s innovation and growth journey was further fueled by a $15 million Series A financing round led by Dragonfly. This milestone was followed in 2023 by a significant acquisition by Bitget, one of the top ten global centralized exchanges and one of the top five derivatives exchanges, at a valuation of $300 million. The acquisition not only represents a $30 million investment, but also represents a pivotal brand upgrade for Bitget Wallet. Today, Bitget Wallet, established in the Bitget Group’s ecosystem, plays an important role as a gateway to the decentralized ecosystem. Therefore, the upcoming BWB token will not only be the core asset of Bitget Wallet, but will also serve as the native asset and Web3 staking certificate across the Bitget decentralized ecosystem, bridging real-world use cases within Bitget Wallet and participation in the broader ecosystem.
As the industry shifts toward decentralized asset management and trading, the narrative is evolving to focus on community-driven stories, with Web3 wallets emerging as leaders in the space. Over the years, Bitget Wallet has improved the standards of its Web3 wallet product, providing the first full-chain perspective, aggregating DEX prices across the entire chain, facilitating seamless cross-chain transactions, and launching an NFT marketplace and Launchpad platform.
Bitget Wallet has evolved beyond a multi-functional Web3 wallet into a comprehensive platform encompassing a DEX aggregator, NFT marketplace, market analysis tool, Launchpad platform, Inscription portal, and Web3 work platform. These diverse features and exemplary user experience are the core of Bitget Wallet’s competitiveness.
Empower your users with new assets and opportunities
Another cornerstone of Bitget Wallet’s success is its ability to expose the latest assets and investment opportunities, giving users the opportunity to maximize their returns through innovative product features and strategic operations.
With a focus on new assets and earning opportunities, Bitget Wallet has continued to focus its development around these topics and has included them in almost all of its major features to give users access to new opportunities and enhanced wealth potential.
Bitget Wallet’s unparalleled support facilitates a seamless Web3 experience across 100+ major blockchains and numerous EVM-compatible networks. Users can easily manage assets, trade tokens, participate in NFTs, and explore DApps.
At the heart of the wallet, Bitget Swap stands out by supporting multi-chain trading across 40+ networks, aggregating data from hundreds of DEXs and cross-chain bridges, and offering a wide selection of tokens combined with innovative features like gas-free. . Transactions and automatic slippage adjustment. In addition, intelligent market analysis tools provide users with real-time insights to help them make informed trading decisions.
To further improve user revenue, Bitget Wallet introduces a comprehensive portal equipped with Task2Get, Fair Launchpool and Invite2Get, etc. to provide users with a variety of reward tasks and airdrop activities.
Security is paramount at Bitget Wallet, where we’ve built the GetShield security system to protect every transaction and interaction. The system addresses a variety of security issues, including on-chain phishing and fraud, through comprehensive measures such as risk token detection, contract analysis, and more. Additionally, Bitget Wallet benefits from a $300 million risk protection fund shared with Bitget, enhancing risk mitigation capabilities.
Looking ahead, Alvin said, “The launch of BWB marks a new beginning for us. As we enter this new phase, we are excited to launch more innovative products and expand our ecosystem. BWB’s goal is to bring one billion users to Web3, discovering new assets and opportunities, and accelerating the journey toward a more community-driven governance model. We want our users to be an integral part of our growth and share in the success of Bitget Wallet development.”
Introduction to BitGet Wallet
Bitget Wallet is Asia’s largest global Web3 transaction wallet with over 19 million users worldwide. It offers comprehensive features including asset management, intelligent market data, swap trading, launchpad, engraving, and DApp browsing. It currently supports over 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet improves liquidity by aggregating liquidity across hundreds of top DEXs and cross-chain bridges, facilitating seamless trading across 40+ blockchains.
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Rachel Cheung
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