TechFlow reports that Bitget Launchpad project BIP1 has now opened registration and entered the BGB holding snapshot phase. The event will run until 15:00 on May 14. Users holding more than 2,000 BGB tokens are eligible to participate.
This Launchpad features two pools: the BGB Holding Pool and the Guaranteed Rewards Pool. The BGB Holding Pool will conduct hourly snapshots, with allocations distributed proportionally based on BGB holdings. Each participant has a personal hard cap of 360 tickets, representing 2% of the total prize pool. Users who qualify for less than one ticket will be moved to the Guaranteed Rewards Pool, ensuring everyone receives a share. BGB is currently priced at $0.4898, up 7.7% over the past 24 hours.
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