TechFlow News, December 15 — Bitget announced the launch of its latest Launchpad project, TonUP (UP), which will adopt the BGB-based contribution model. During the holding snapshot phase, Bitget will take periodic snapshots of users' asset accounts to calculate their average BGB holdings. Throughout this period, all BGB holdings across users’ entire accounts—including spot, margin, futures, P2P, wealth management, and frozen/locked BGB—will be included in the calculation. During the contribution phase, upon completion of user contributions, the corresponding BGB will be locked pending allocation calculations.
TonUP (UP) Launchpad Schedule (UTC+8):
Holding Snapshot Phase: December 17, 14:00 – December 20, 14:00
Contribution Phase: December 20, 17:00 – December 22, 17:00
Results Announcement: December 22, 17:00 – December 22, 18:00
UP Distribution: December 22, 18:00 – 19:00
UP/USDT Spot Trading Goes Live: December 22, 20:00
