Web3 wallet Bitget Wallet issued an announcement, announcing that its official ecological token BWB will be available for subscription on the Bitget Wallet Launchpad platform at 18:00 (UTC+ 8) on May 23.
Bitget Wallet is the worlds leading non-custodial Web3 wallet, with product functions covering multi-chain wallets, smart quotes, Swap, Launchpad, inscription center, coin earning center, etc. Since its establishment in 2018, Bitget Wallet has accumulated more than 20 million users worldwide, becoming one of the worlds largest non-custodial wallets. In April 2024, Bitget Swap transaction order volume and transaction amount surpassed MetaMask, setting a new record.
BWB is the official ecological token of Bitget Wallet, with a total supply of 1 billion. 5% of the tokens will be airdropped to users participating in the airdrop activities before TGE, and 1.1% of the tokens will be used for Public Sale.
It is reported that BWB has multiple use cases in the Bitget Wallet ecosystem, including:
Community Governance
Staking
Payment of multi-chain gas fees after the launch of AA wallet
Eligibility to participate in Bitget Wallet Launchpad Bitget platform activities
Eligibility to participate in airdrop activities such as Fair Launchpool and GetDrop
Bitget Onchain Layer Ecosystem Project Airinvestment Qualification
The BWB Launchpad subscription event will provide 0.1% of the total token supply, which is 1,000,000 BWB. The subscription is divided into two stages: the whitelist round and the public round. The public round subscription qualification is open to users who have reached $200 in Bitget Swap transactions after May 1. The subscription price of each BWB is $0.1, and the subscription has a hard cap mechanism, which is first come first served. Participants can use USDC of the Base main network to subscribe in the Bitget Wallet App.
Bitget Wallet Launchpad is a high-quality project subscription platform created by Bitget Wallet. By selecting and cooperating with high-quality projects, more users can participate in the token subscription of the primary market with a low threshold and obtain high returns from new issuance. At the same time, it also helps project parties gain more users and attention by relying on the traffic strength and brand influence of 20 million users.
In the latest article, Bitget Wallet revealed its development direction as a Web3 platform - building Bitget Onchain Layer, an intermediate layer that helps users better interact with the complex Web3 world. At the same time, Bitget Wallet will also set up a $10 million BWB Ecosystem Fund to invest in potential Web3 products and assets.
In addition, according to the description of the roadmap, Bitget Wallet is not just a Web3 wallet layout of the Bitget exchange, but an on-chain extension and decentralized future of the entire Bitget ecosystem, which will complement the advantages of Onchain + Offchain by synergizing with Bitgets ecological resources.
BWB is not only the ecological token of Bitget Wallet, but also the system token of Bitget Onchain Layer.
About Bitget Wallet
Bitget Wallet is the worlds leading one-stop Web3 wallet with over 20 million users worldwide. Product functions include wallets, smart quotes, swap transactions, Launchpad, inscriptions, NFT DApp, and coin earning. It now supports more than 100 mainstream public chains, hundreds of EVM-compatible chains, and more than 250,000 cryptocurrency assets. It also aggregates the liquidity of hundreds of mainstream DEXs and cross-chain bridges, enabling free trading on nearly 50 chains.
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