Bittime - Bitget, one of the leading crypto exchanges and pioneers in the Web3 industry, recently announced the launch of Bitget Wallet's BWB token on their Launchpad platform.
The BWB token sale is scheduled to take place from June 1 to 6, with listing on the Bitget spot market starting at 20:00 (GMT+8) on June 6, 2024.
Bitget Launchpad
Bitget Launchpad is a token launch platform that allows users to participate in fundraising for promising new projects. In return, users will earn tokens as a form of reward for their support.
Bitget Wallet Makes Web3 Access Easier
Bitget Wallet is no ordinary wallet. It is a comprehensive decentralized ecosystem and a gateway for users to enter the Web3 world. In its 2024 roadmap, Bitget Wallet has introduced Bitget Onchain Layer.
This strategic plan sets the stage for Bitget to enter the Web3 world, making it an on-chain extension and decentralized future of the Bitget ecosystem.
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In addition to being the official native token of Bitget Wallet, BWB also plays an important role in the Bitget Onchain Layer. Bitget Onchain Layer is backed by a $10 million BWB Ecosystem Fund, which aims to support and foster collaborative projects developed on Bitget Onchain Layer.
Integrating on-chain and off-chain resources is an important aspect of the development of the Bitget Onchain Layer. It uses Modular-feature DApps (MFDs) to provide easy access to various Web3 financial services directly from the Bitget Wallet app.
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Functions and Benefits of BWB Token
The BWB token offers a wide range of functions within the Bitget ecosystem, providing users with the ability to take advantage of a wide range of features. Token holders can actively participate in the decision-making process, creating a sense of community belonging.
Users also have the opportunity to stake BWB tokens and potentially earn rewards, which can significantly increase their yield potential. Once the Account Abstraction (AA) wallet is launched, the token will also be key in facilitating the payment of gas fees across various chains.
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BWB holders can now enjoy exclusive access to Bitget Wallet Launchpad, Launchpool, and Airdrop events. By holding BWB, users become eligible for airdrops from projects developed on Bitget Onchain Layer. It offers a consistent stream of value and profits for token holders.
During the BWB launch commitment period on Bitget Launchpad, users have the opportunity to contribute Bitget's native token, BGB, to participate in the sale.
BGB swap prices will be announced after the ownership calculation period ends. Once the commitment window is closed, users will receive BWB tokens according to the amount of BGB they committed.
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View from Bitget Wallet COO
"Assessing the value of Bitget Wallet and BWB tokens requires a broader perspective than just Web3 wallets," said Alvin Kan, COO of Bitget Wallet.
"The decentralized future of the Bitget group lies in the Bitget Onchain Layer, an open and collaborative ecosystem that serves as an intermediary layer for user interaction in Web3. Within this framework, the BWB token will serve not only as the official ecosystem token of Bitget Wallet but also as the core of the Bitget Onchain Layer."
He added, "As our ecosystem grows, the BWB token will play an increasingly significant role in enablement and applications on the Bitget Onchain Layer, expanding its value discovery and recognition as the ecosystem progresses."
Injection of Funds from Bitget
In March 2023, Bitget invested $30 million (IDR 480 billion) into Bitget Wallet (formerly known as BitKeep), allowing them to take over and start a comprehensive brand upgrade.
Bitget Wallet recently revealed a comprehensive roadmap for 2024, detailing Bitget Onchain Layer's development plans. This initiative has the potential to strengthen the platform's position as a decentralized extension and a key pillar of the entire Bitget ecosystem.
With the launch of the BWB token, Bitget is once again demonstrating its commitment to fostering innovation and development in the crypto industry, opening up new opportunities for its users to engage in a broader and dynamic ecosystem.
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have a sufficient balance by depositing a certain amount of funds into the wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can only buy crypto assets on the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational and does not constitute an offer or solicitation to sell or buy any crypto assets. Crypto asset trading is a high-risk activity. The price of crypto assets is volatile, where prices can change significantly over time and Bittime is not responsible for changes in fluctuations in the exchange rate of crypto assets.
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