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- Bitget announces the launch of its BWB token on the Bitget Launchpad.
- During the BWB token launch, users can commit Bitget’s native token, BGB, to participate in the sale.
- A $10 million BWB Ecosystem Fund is established to support the Bitget Onchain Layer projects.
Bitget, a global leader in the digital asset exchange and Web3 space, has unveiled the launch of its Bitget Wallet’s BWB token on the Bitget Launchpad. The token sale is scheduled to run from June 1 to June 6, and the BWB token will debut on the Bitget spot market after the conclusion.
Notably, the Bitget Launchpad has established itself as a premier platform for token launches. It allows users to back up emerging projects and receive tokens in return.
In the announcement, the Bitget team emphasized that the Bitget Wallet is more than a mere storage solution. They recognize it as a comprehensive decentralized ecosystem that acts as an entry point for users into the Web3 space.
In line with its 2024 roadmap, Bitget Wallet has announced the debut of the Bitget Onchain Layer. This initiative is a forward-thinking blueprint for the platform’s expansion into Web3, establishing itself as both an on-chain augmentation and the decentralized future of the Bitget ecosystem.
BWB is not only the official native token of Bitget Wallet but also a key component of the Bitget Onchain Layer. A $10 million BWB Ecosystem Fund has been established to support and expand projects developed on the Bitget Onchain Layer.
The Bitget Onchain Layer’s evolution hinges on the harmonious integration of on-chain and off-chain resources. It utilizes Modular-feature DApps (MFDs) to enable direct access to a range of Web3 financial services through the Bitget Wallet app.
During the BWB token launch, users can commit Bitget’s native token, BGB, to participate in the sale. The BGB swap price will be determined after the holding calculation period. BWB tokens will be distributed based on the amount of BGB committed by each user.
Alvin Kan, COO of Bitget Wallet, emphasized the significance of the BWB token and the Bitget Onchain Layer. He further highlighted the BWB token’s expanding role in empowering users and its growing importance within the ecosystem.
Notably, following a $30 million investment in March 2023, Bitget secured a controlling interest in Bitget Wallet (formerly BitKeep), leading to a comprehensive brand overhaul of the wallet.
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