BWB lands on Bitget Launchpad's first launch of 2024, potentially creating this year's most prominent wealth creation effect
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BWB lands on Bitget Launchpad's first launch of 2024, potentially creating this year's most prominent wealth creation effect
Bitget Wallet connects to the entire Web3 ecosystem.
Navigating Web3 tides with focused insightsAuthor: Coinof
Bitget has officially announced that BWB (Bitget Wallet) snapshots began on June 1 at 11:00 AM. According to the official interface, this Launchpad round will adopt an investment model based on users' holdings of BGB and USDT to calculate their subscription quotas. Simply put, the more BGB and USDT users hold during the snapshot period, the more BWB they can subscribe to.
Notably, a total of 10 million BWB tokens are being offered in this Launchpad sale, with BGB and USDT each accounting for 50% of the allocation. At the offering price of $0.15 per token, the BGB portion alone represents a fundraising volume of $1.5 million. Compared to previous projects launched via Bitget Launchpad, this BWB offering is by far the largest in scale. If you're familiar with BWB (Bitget Wallet) or the historical returns of Bitget’s Launchpad offerings, you’ll recognize just how significant this opportunity truly is.
Bitget Wallet Connects the Entire Web3 Ecosystem
Founded in 2018, Bitget Wallet has evolved over nearly six years into a globally leading non-custodial Web3 wallet. It now supports over 100 blockchains, has achieved $8 billion in cumulative swap trading volume, and serves 19 million users across 168 countries and regions. In a recent open letter, Gracy, Bitget's new CEO, emphasized that Bitget's strategic priorities for 2024 are clear: compliance, emerging markets, and Web3. Non-custodial wallets are widely recognized as the gateway to Web3, and Bitget’s entry point into this space is precisely through Bitget Wallet.
One major pain point for today’s Web3 users is the overwhelming number of blockchains and cumbersome cross-chain interactions. Bitget Wallet aims to become Bitget’s on-chain layer, integrating a suite of modular DApps to deliver seamless, one-stop services and build a comprehensive ecosystem. Within this ecosystem, BWB plays a vital role—governing community decisions, enabling staking, paying multi-chain gas fees after the launch of AA wallets, and incentivizing ecosystem and community growth.
Early holders of BWB not only stand to benefit from the wealth appreciation driven by the continuous development of the Bitget Wallet ecosystem but also gain eligibility to participate in staking programs, future Launchpad events, and various airdrop campaigns—making BWB a potential "golden shovel" in the long run.
The New Wealth-Creation Effect of Bitget Launchpad
If there’s one relatively predictable profit opportunity in the Web3 space, Launchpad offerings certainly rank high among investor preferences. A Launchpad platform capable of delivering high returns reflects not only access to premium industry resources but also a commitment to protecting its users’ interests.
By examining the track record and returns of past Bitget Launchpad projects, it's evident that Bitget genuinely rewards its users. The exchange demonstrates exceptional judgment in selecting projects with strong growth potential. More importantly, Bitget exercises great discipline, carefully avoiding poorly vetted projects that could lead to user losses. After launching its last project on December 15, 2023, Bitget waited nearly half a year before launching another—this time for BWB—highlighting the platform’s cautious and responsible approach toward Launchpad offerings.
With a total supply of 1 billion BWB tokens and a Launchpad price of just $0.15, the project’s initial valuation stands at $150 million. Compared to recent projects listed on Binance with valuations often exceeding $1 billion, BWB clearly retains substantial room for upside. When compared to similar projects like TWT (Trust Wallet), BWB’s price could rise over 20 times higher than its Launchpad price under comparable market caps.
Moreover, Bitget typically reserves a significant allocation for its native BGB token holders in Launchpad rounds. Since the beginning of 2023, BGB has appreciated over 600%. Investors who held BGB throughout this period and participated in prior Launchpad events would have realized extraordinary gains. Just as BGB functions within the Bitget ecosystem, BWB will play an equivalent role within the Bitget Wallet ecosystem. Backed by Bitget’s rich industry resources, BWB’s utility and use cases are expected to expand significantly.
The snapshot period for BWB Launchpad eligibility runs from 11:00 AM on June 1 to 11:00 AM on June 4. Investors may consider transferring assets from other platforms or wallets to their Bitget accounts to maximize their BWB subscription amount. Compared to the intense competition of Binance Launchpad and the uncertain yields elsewhere, this Bitget Launchpad presents a compelling and unmissable opportunity for retail investors!
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