Bitget announced that its next Launchpad project is Bitget Wallet (BWB). Users can participate by committing either BGB or USDT.
The next project on Bitget Launchpad is Bitget Wallet (BWB), according to cryptocurrency exchange. Users may choose to participate in the subscription process by committing either BGB or USDT, with the process functioning on an investment model. The average amount of BGB or USDT held over a given holding statistics period will determine the maximum amount that users can commit.
We have set the holding calculation period to start on June 1st at 3:00 UTC and end on June 4th at 3:00 UTC. After that, the commitment period will start on June 4 at 6:00 UTC and end on June 6 at 6:00 UTC. We will distribute the process’s results between 8:00 and 12:00 UTC on June 6th, following our announcement at 8:00 UTC.
Individuals may only swap up to 50,000 BWB in the BGB pool and 25,000 BWB in the USDT pool. We expect one BWB to be worth 0.15 USD.
To participate, users must first sign into their Bitget account and keep BGB or USDT in their asset account. This will make it easier to determine the average amount of BGB or USDT held.
The computation will rely on images captured between June 1st and June 3rd. Next, users should commit their USDT or BGB; the amount committed will depend on the average holdings throughout the computation period.
The system will lock up the assets until they are allocated. The system will calculate each user’s token allocation at the end of the commitment period and send the tokens to their spot account.
What is Bitget Wallet?
Twenty million people worldwide use Bitget Wallet, a Web3 wallet. In April 2024, the Web3 Wallet reached an unprecedented peak by managing more swap transaction orders and sums than MetaMask could accommodate.
The Bitget Wallet designates BWB as its ecosystem token, while the Bitget Onchain Layer uses BWB as its system token. BWB performs a number of functions inside the ecosystem, such as launchpad, staking, community governance, and several airdrop operations.
It also acts as a prerequisite for participating in their platform activities. We will issue a total of one billion BWB tokens, with five million going to BGB holders in the launchpad pool and another five million to USDT holders.