TechFlow news: Bitget will soon launch the Launchpad project Bitget Wallet (BWB). This subscription will be based on an investment model, allowing users to participate by investing either BGB or USDT. The maximum allocation for each user will depend on their average holding of BGB or USDT during the holding statistics period, with snapshots taken from June 1, 11:00 to June 4, 11:00 (UTC+8). The individual swap cap is 50,000 BWB tokens in the BGB pool and 25,000 BWB tokens in the USDT pool. The estimated exchange rate is 1 BWB = 0.15 USD (the actual BGB conversion price will be announced after the holding statistics period ends).
BWB is the official ecosystem token of Bitget Wallet and also serves as the system token for Bitget Onchain Layer, playing multiple roles within the ecosystem—including community governance, staking, eligibility for participation in Bitget Wallet Launchpad and various airdrop events, access to Bitget platform activities, qualification for airdrops in Bitget Onchain Layer ecosystem projects, and future use as payment for multi-chain gas fees upon the release of the AA wallet.
As an all-in-one Web3 wallet, Bitget Wallet has surpassed 20 million global users. In April 2024, Bitget Wallet surpassed MetaMask in both number of Swap transactions and trading volume, reaching a record high. For Bitget, Bitget Wallet represents more than just a Web3 wallet strategy—it is the on-chain extension of Bitget's entire ecosystem and a key component in building the decentralized future and the upcoming Bitget Onchain Layer.
