Bitget Wallet Launches NewDegen 2023 On-Chain Trading Challenge, $100,000 USDT Up for Grabs to Find the Ultimate Trader
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Bitget Wallet Launches NewDegen 2023 On-Chain Trading Challenge, $100,000 USDT Up for Grabs to Find the Ultimate Trader
The competition will last for one month and consists of two events: individual and team contests. Rankings will be determined by multiple metrics including individual return rates and team trading volume, with participants competing to share 100,000 USDT in rewards and limited-edition honor SBT badges.
Navigating Web3 tides with focused insightsIn the crypto space today, DeFi is a well-known necessity for millions of users and one of the most innovative and dynamic sectors. From its infancy in 2018, to explosive growth in 2020, and maturity in 2021, DeFi has continuously driven advancements in blockchain technology and financial infrastructure. Within the DeFi world exists a passionate group of users who eagerly experiment with new protocols and strategies, embrace high-yield, high-risk opportunities, and are known as Degens—DeFi gamblers and veterans.
Bitget Wallet (formerly BitKeep Wallet) is a globally leading decentralized Web3 wallet founded in 2018. It rose to prominence during the DeFi "year of reckoning" in 2020, and after years of market refinement and product iteration, has become the preferred DeFi wallet for over ten million users. With its rebranding in 2023, Bitget Wallet continues building secure and reliable Web3 infrastructure while focusing on “Swap” trading as its core product, offering users more convenient decentralized aggregated trading services and helping them earn greater returns on-chain.
To celebrate the upgrade of Bitget Wallet and encourage more users to engage with DeFi and decentralized ecosystems—to experience the magic of the on-chain world—Bitget Wallet launched the NewDegen 2023 On-Chain Trading Challenge.
This competition is Bitget Wallet’s flagship event of 2023, running for one month with two main tracks: Individual and Team competitions. Both new and existing Bitget Wallet users can participate by conducting trades via Bitget Swap. Rankings will be determined based on individual returns and team trading volumes, with participants sharing a prize pool of 100,000 USDT and limited-edition honor SBT badges. Join now!
Event Period: October 16, 18:00 - November 18, 18:00 (UTC +8)
How to Participate
1. Download the App
Download the Bitget Wallet mobile app and create or import a wallet (download link: https://web3.bitget.com/). Existing users may proceed to the next step.
2. Register for the Competition
Enter the event page within the app to register. You must have total assets worth ≥ $100 in your wallet to activate registration eligibility. To qualify for prizes, you must complete Swap transactions totaling ≥ $50 during the event period.
3. Individual & Team Competitions
Individual Competition
Participants compete individually. Total prize pool: 50,000 USDT. After the event, winners will be selected based on net profit and return rate, with two main award categories and one special award:
SmartMoney Award, total prize pool 25,000 USDT: The top 3 participants ranked by net profit will receive 10,000 USDT, 6,000 USDT, and 4,000 USDT respectively, along with SmartMoney honor SBT badges. Ranks 4–100 will share 5,000 USDT proportionally.
GemHunter Award, total prize pool 25,000 USDT: Among participants with net profit ≥ 100 USDT, the top 3 ranked by return rate will receive 10,000 USDT, 6,000 USDT, and 4,000 USDT respectively, along with GemHunter honor SBT badges. Ranks 4–100 will share 5,000 USDT proportionally.
In crypto markets, profits often come with losses. While gains are worth celebrating, losses don’t need to be overly discouraging. For those who lose significantly during the competition, the organizers have created a humorous consolation prize: the StupidMoney Award. Think of it as the Golden Raspberry Awards or the Ig Nobel Prize—a lighthearted nod to remind every participant that rewards aren’t just about profits, but also learning and fun.
StupidMoney Award, total prize pool 2,000 GASU: The top 3 participants ranked by largest net loss will receive 1,000 GASU, 700 GASU, and 300 GASU respectively, along with StupidMoney honor SBT badges.
Team Competition
Users can initiate a team and invite friends to join. Teams require at least 3 members. Total prize pool: 40,000 USDT. Before joining a team, each member must meet the following criteria: assets ≥ $100 and at least one Swap transaction ≥ $50. Upon successful team formation, members receive GASU rewards: 50 GASU for the team leader, and 5–20 GASU for each member. After the event, major prizes will be awarded based on team size and total trading volume:
* Individual participants can also join a team. Each user may only join one team.
HOT 5 Team Award, total prize pool: 20,000 USDT. The top 5 teams ranked by number of team members will receive 6,000 USDT, 5,000 USDT, 4,000 USDT, 2,000 USDT, and 1,000 USDT respectively, along with HOT5 honor SBT badges. Ranks 6–100 will share 2,000 USDT proportionally.
* Reward distribution: 50% to team leader, 50% split among members
VOL 3 Team Award, total prize pool: 20,000 USDT. The top 3 teams ranked by cumulative trading volume will receive 8,000 USDT, 6,000 USDT, and 4,000 USDT respectively, along with VOL3 honor SBT badges. Ranks 4–100 will share 2,000 USDT proportionally.
* Reward distribution: team leader receives 20% and the SBT badge; members are ranked by trading volume, with the top 3 receiving 40%, 28%, and 12% respectively
4. Social Media Competition
Additionally, a 10,000 USDT bonus campaign will run on social media platforms during the event. Bitget Wallet will name a Social Media King weekly. Follow Bitget Wallet's official Twitter account, join the Telegram and Discord communities to stay updated and win extra rewards.
“Swap trading” is the core product of Bitget Wallet. Through richer, higher-quality assets and faster, more convenient trading services, Bitget Wallet aims to let users fully experience the charm of on-chain trading. May all you NewDegens enjoy the game and reap great rewards!
About Bitget Wallet
Bitget Wallet, formerly BitKeep Wallet, is Asia’s largest and a globally leading all-in-one Web3 multi-chain wallet. It offers users comprehensive on-chain products and DeFi services including wallet functionality, Swap trading, NFT trading, and DApp browser access.
Over the past five years, its secure and user-friendly products and services have earned recognition and support from 12 million global users and hundreds of leading industry projects such as Ethereum, BNB Chain, Arbitrum, and Polygon.
In March 2023, the crypto derivatives exchange Bitget invested $30 million in BitKeep, becoming its controlling shareholder. In August, BitKeep officially rebranded as Bitget Wallet, launching a full product and service upgrade centered around “trading” to deliver an even better user experience.
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