Bitget has launched Bitget Wallet (BWB) on PoolX, a new platform allowing users to mine BWB tokens using USDT.
The cryptocurrency exchange has announced the release of Bitget Wallet (BWB) on PoolX, a new stake-to-mine platform that will enable users to mine BWB using USDT tokens. There will be a total reward pool of 2 million BWB tokens.
Starting on June 6 at 8:00 UTC, the token mining session will continue until June 21 at 8:00 UTC. The maximum stake that participants may make is 300,000 USDT. Each user’s stake will determine the hourly token prizes.
PoolX allows users to earn popular tokens by staking specific coins. Each project on PoolX has one or more mining pools, and the number of players who participate determines the hourly token payouts.
Twenty million users worldwide use Bitget Wallet as a Web3 wallet. In April, Bitget Wallet broke MetaMask’s record for both the volume of swap transaction orders and transaction amounts executed.
Their Onchain Layer uses BWB as its system token, while Bitget Wallet uses it as its ecosystem token. BWB, among other functions within the ecosystem, participates in launchpad activities, airdrops, community governance, and staking. It also serves as a prerequisite for participation in Bitget activities. We can produce a total of one billion BWBs, with five million available in the launchpad pool for BGB holders and another five million for USDT holders.
Bitget’s PoolX Draws More Than 133,800 Users in Its First Month of Release
The cryptocurrency exchange is a well-known derivatives exchange with a large trading volume. It provides users with the option to trade on the spot market or buy cryptocurrencies with fiat money.
With more than 19 million users worldwide, they offer a range of functions, including smart quotations, swap transactions, wallet management, an inscription center, a decentralized application (dApp) center, and other features.
In April, the exchange unveiled PoolX as part of its plans to enhance its ecosystem. The platform successfully launched nine projects in its first month of operation, attracting 133,800 users in total. The annual percentage rate (APR) earned between 10% and 45% of the total 300 million USDT and 180 million BGB that these users staked.
Users can now stake either BGB or USDT to earn a portion of the BWB tokens, thanks to Bitget’s recent hosting of BWB on its Launchpad.