Asia’s largest Web3 wallet, Bitget Wallet, has announced the official launch of its native token, BWB, and the introduction of the BWB token airdrop program. The platform’s token, BWB, has a total supply of 1 billion coins, with 5% allocated for community airdrops in the form of BWB points, which can be converted into BWB in the future. The airdrop program is divided into two parts: “Initial Airdrop” and “Task Acquisition” and is available to both new and existing wallet users from March 18 to April 28.
In the “Initial Airdrop” part, Bitget Wallet has conducted a retrospective airdrop to existing users based on their past wallet usage, including asset holdings, swap transactions, and participation in activities. Users who have used the swap function in mainstream Web3 wallets such as MetaMask, Trust Wallet, and Coinbase Wallet have also received incentive airdrops. Additionally, users who download the Bitget Wallet App during the event period will receive a 50 BWB point airdrop.
For “Task Acquisition of BWB Points,” anyone can earn BWB points by completing designated tasks, which include asset holdings, swap transactions, and inviting friends. Users can accumulate points by completing tasks daily.
Alvin Kan, Chief Operating Officer of Bitget Wallet, stated that “the team will officially issue the BWB token in the second quarter of 2024, and users will be able to use BWB points for conversion. BWB will become the core asset and equity token of Bitget Wallet’s decentralized ecosystem. BWB holders will unlock and enjoy exclusive benefits such as community governance, ecosystem airdrops, and more dividends brought by Bitget Wallet’s development.”
Bitget Wallet, the largest Web3 wallet in Asia and a top-five global wallet, has been in operation for over five years. It has capitalized on the rise of DeFi and the growing trend of Web3 becoming an industry mainstream. The wallet now has over 19 million global users, making it the largest in Asia and a top-five globally ranked Web3 wallet.
Bitget Wallet previously received a $15 million 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. Bitget Wallet now serves as the entry point to the Bitget Group’s decentralized ecosystem and plays an important role in the group’s matrix. Therefore, the upcoming BWB token will not only be the core asset of Bitget Wallet itself but also the core asset and Web3 equity certificate of the entire Bitget decentralized ecosystem, participating in the corresponding rights and benefits while having practical use cases within Bitget Wallet.
Bitget Wallet goes beyond the definition of a Web3 multi-functional wallet. It is the first wallet to adopt a full-chain perspective design and aggregates DEX market data, NFT markets, market tools, Launchpad platforms, full-chain inscriptions, Web3 task platforms, and more. Its excellent user experience is the core competitiveness of Bitget Wallet.
In addition to providing a superior user experience, Bitget Wallet’s other core competitiveness lies in helping users discover the latest assets and investment opportunities in the industry and earn more profits through product features and operational strategies.
Bitget Wallet offers the most comprehensive ecosystem support in the industry, covering 100 mainstream public chains, hundreds of EVM-compatible chains, and innovative features such as gasless transactions and automatic slippage. It provides a series of ecosystem interaction functions, allowing users to connect with the entire Web3 world, manage assets, trade tokens and NFTs, and participate in DApp ecosystems, all with just one wallet.
Bitget Wallet also prioritizes security and has established the GetShield security system, which is applied to various product features and services to ensure the security of every transaction or interaction scenario. This includes a comprehensive risk token detection, contract detection, authorization detection, fraud address identification, anti-phishing mechanisms, and DApp security ratings to prevent phishing and fraud issues. For wallet security, Bitget Wallet has introduced MPC and AA wallet technologies and supports hardware wallet connections. It has also undergone audits of core codes such as Swap and NFT market protocols and has integrated with Flashbots to prevent malicious MEV attacks. Additionally, Bitget Wallet shares a $300 million risk protection fund with Bitget to enhance its risk resistance capabilities.
Regarding the future vision and plans for BWB, Alvin Kan explained that the launch of BWB is a new beginning, and Bitget Wallet will enter a new stage of development with more innovative products and ecosystem construction plans. Bitget Wallet hopes to help 1 billion users enter the Web3 world, discover and capture more new assets and opportunities, and accelerate its community-building process to involve more users in Bitget Wallet’s governance and enjoy the dividends brought by its development.
About Bitget Wallet:
Bitget Wallet is Asia’s largest and globally leading one-stop Web3 trading wallet with over 19 million users worldwide. Its product features include wallets, smart market data, swap trading, launchpad, inscriptions, DApp center, and more. It supports over 100 mainstream public chains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. It provides liquidity through aggregating hundreds of mainstream DEXs and cross-chain bridges, enabling free trading on over 40 chains.
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