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Bitget Launches BWB Token on Launchpad

Bitget, a top-tier cryptocurrency exchange and Web3 innovator, has announced the launch of the Bitget Wallet's BWB token
May 30, 2024

Bitget, a leading name in the cryptocurrency exchange and Web3 arena, has announced the debut of the Bitget Wallet's BWB token on its Launchpad. The BWB token sale is scheduled from June 1st to June 6th, with its listing on the Bitget spot market set for June 6th at 20:00 (GMT+8).

As an innovative platform, Bitget Launchpad offers users the chance to invest in emerging projects by participating in token sales. Bitget Wallet is not just a storage solution but a comprehensive decentralized ecosystem that serves as a gateway to Web3. According to its 2024 roadmap, Bitget Wallet is introducing the Bitget Onchain Layer, marking a significant step towards a decentralized future within the Bitget ecosystem.

The BWB token plays a pivotal role in this ecosystem. It powers the Bitget Onchain Layer, supported by a $10 million BWB Ecosystem Fund designed to nurture and expand projects within this layer. The integration of on-chain and off-chain resources, through Modular-feature DApps (MFDs), provides users seamless access to various Web3 financial services via the Bitget Wallet application.

BWB's utility within the Bitget ecosystem is extensive. It facilitates community governance, allowing token holders to influence key decisions. Users can stake BWB tokens to earn rewards and use them to pay gas fees across multiple chains, especially with the future release of the Account Abstraction (AA) wallet. Additionally, BWB holders gain exclusive access to Bitget Wallet's Launchpad, Launchpool, and Airdrop events, including airdrops from projects on the Bitget Onchain Layer.

During the BWB token launch on Bitget Launchpad, users can commit Bitget’s native token, BGB, to participate in the sale. The BGB swap price will be revealed after the holding calculation period ends, and BWB tokens will be allocated based on the committed BGB.

Alvin Kan, COO of Bitget Wallet, emphasizes the broader perspective needed to appreciate the value of Bitget Wallet and the BWB token. "The decentralized future of the Bitget group is anchored in the Bitget Onchain Layer, an open and collaboratively built ecosystem facilitating user interaction within Web3. The BWB token is not just the official token of Bitget Wallet but also the core of the Bitget Onchain Layer."

Bitget’s strategic moves, including a $30 million investment in March 2023 that secured a controlling stake in Bitget Wallet (formerly BitKeep), underscore its commitment to decentralization. The detailed 2024 roadmap for Bitget Wallet, featuring the Bitget Onchain Layer, highlights the platform's evolution into a decentralized hub central to the Bitget ecosystem's future.

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