Asia’s largest Web3 wallet, Bitget Wallet, announced the official launch of its official ecological token, BWB, and introduced the BWB points airdrop program.
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Platform token BWB launched, points airdrop activity now live
Asia’s largest, top five global Web3 wallet
Focus on new assets and opportunities to help users “earn more”
Platform token BWB launched, points airdrop activity now live
The total supply of BWB tokens is 1 billion, of which 5% will be used for community airdrops, distributed to users in the form of BWB points, which can be exchanged for BWB in the future. The points airdrop activity has officially started, from March 18th to April 28th, divided into “Initial Airdrop” and “Mission Acquisition” sections, applicable to both new and existing wallet users.
In the “Initial Airdrop” section of BWB points, Bitget Wallet conducted retrospective airdrops to existing users based on their past wallet usage, such as asset holdings, Swap transactions, and participation in activities, evaluated in multiple dimensions. At the same time, users who have used the Swap function in mainstream Web3 wallets such as MetaMask, Trust Wallet, and Coinbase Wallet were also rewarded with airdrops. In addition, users who download the Bitget Wallet App during the event period will also receive a 50 BWB points airdrop.
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For “Mission Acquisition of BWB points,” anyone can earn BWB points by completing designated tasks, which cover asset holdings, Swap transactions, and inviting friends. Users can accumulate points by completing tasks daily.
Alvin Kan, Chief Operating Officer of Bitget Wallet, said, “The team will officially release BWB tokens in the second quarter of 2024, at which time users will be able to exchange BWB points. BWB will become the core asset and equity token of Bitget Wallet’s decentralized ecosystem. BWB holders will unlock and enjoy exclusive rights such as community governance, ecological airdrops, and more dividends brought by the development of Bitget Wallet.”
Asia’s largest, top five global Web3 wallet
With over five years of establishment, Bitget Wallet has grasped the trend of the rise of DeFi and Web3, and its user base has grown rapidly. Currently, it has over 19 million users worldwide, making it the largest Web3 wallet in Asia and ranking among the top five globally.
Bitget Wallet previously raised $15 million in Series A funding led by Dragonfly and was later acquired by Bitget, one of the top ten centralized exchanges and top five derivatives exchanges, at a valuation of $300 million in 2023. It received a $30 million investment and became a subsidiary. Following the acquisition, Bitget Wallet underwent renaming and brand upgrades. Today, relying on the Bitget Group ecosystem, Bitget Wallet has become an important role as the entry point to the decentralized ecosystem within the group matrix. Therefore, the upcoming launch of BWB is not only the core asset of Bitget Wallet itself but also the core asset and Web3 equity certificate of the entire Bitget decentralized ecosystem, enjoying corresponding rights in Bitget Wallet while participating in the entire decentralized ecosystem of Bitget.
Bitget Wallet has gone beyond the definition of a Web3 multi-functional wallet. It is the industry’s first wallet designed with a full-chain perspective and aggregates various DEX quotes, NFT markets, market tools, Launchpad platforms, full-chain name engraving, Web3 task platforms, and more. Its outstanding user experience is the core competitiveness of Bitget Wallet.
Focus on new assets and opportunities to help users “earn more”
In addition to surpassing numerous product user experiences, another core competitiveness of Bitget Wallet lies in helping users discover the latest assets and investment opportunities in the industry and earn more profits through product functions and operational strategies.
“New assets” have always been the core of the wealth effect in this industry, and “earning more” is always the primary demand of users. “New assets” and “new opportunities” have been the main theme throughout the development of Bitget Wallet, with almost all key features revolving around these two keywords.
Bitget Wallet provides the most comprehensive ecosystem support in the industry, covering 100 mainstream public chains, hundreds of EVM-compatible chains, and combining innovative features such as gasless transactions and automatic slippage to provide a series of complementary ecological interaction functions. Users only need one wallet to connect with the entire Web3 world, managing assets, conducting token and NFT transactions, and participating in DApp ecosystems.
In addition to providing excellent product functions and services, Bitget Wallet also places a strong emphasis on security. It has established the GetShield security system, which is applied to various functions and services of the product to ensure the security of each transaction or interaction scenario. This includes comprehensive risk token detection, contract detection, authorization detection, fraud address identification, anti-phishing mechanisms, DApp security ratings, and more to prevent various risks. Furthermore, regarding wallet security, Bitget Wallet not only introduces MPC and AA wallet technologies but also supports hardware wallet connections. It has completed the audit of core codes such as Swap and NFT market protocols and integrates with Flashbots in transactions to prevent malicious MEV attacks. In addition, Bitget Wallet shares a $300 million risk guarantee fund with Bitget to enhance risk resilience.
Regarding the future vision and planning of BWB, Alvin Kan explained, “The launch of BWB is a new beginning, and Bitget Wallet will enter a new stage of development, with more innovative products and ecological construction plans about to start. Bitget Wallet hopes to help 1 billion users enter the Web3 world, discover and capture more new assets and opportunities, and accelerate the communityization process of Bitget Wallet, allowing more users to participate in the governance of Bitget Wallet and enjoy the dividends brought by its development.”
BWB
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