Original author: Coinof
Bitget has officially announced that BWB (Bitget Wallet) has started snapshot at 11:00 on June 1. The official interface shows that this Launchpad will adopt an investment model to calculate the subscription share based on the number of BGB and USDT held by users. In simple terms, the more BGB and USDT a user holds during the position statistics phase, the more BWB will be subscribed.
It is worth mentioning that the number of BWBs issued on the Launchpad this time is 10 million, with BGB and USDT subscriptions accounting for 50% respectively. Calculated at the issue price of $0.15, the issuance volume of BGB reached $1.5 million. Compared with the projects previously launched on Bitget Launchpad, this period of BWBs Launchpad issuance volume is the highest.
Bitget Wallet connects the entire Web3 ecosystem
Founded in 2018, Bitget Wallet has become the worlds leading non-custodial Web3 wallet after nearly 6 years of development. Bitget Wallet now supports more than 100 main networks, with a cumulative Swap transaction volume of US$8 billion. It also has 19 million users in 168 countries and regions. In a recent open letter, Bitgets new CEO Gracy emphasized that Bitgets development priorities in 2024 are only three, namely compliance, emerging markets, and Web3. Non-custodial wallets have always been recognized by the industry as a Web3 traffic portal, and Bitgets entry point in Web3 is Bitget Wallet.
Currently, one of the biggest pain points for Web3 users is that there are too many public chains and the interactive experience is cumbersome. Bitget Wallet will become Bitgets Onchain layer, allowing users to enjoy one-stop services by further integrating a series of modular DApps and building a huge ecosystem. In this ecosystem built by Bitget Wallet, BWB plays an important role, with specific uses including community governance, staking, payment of multi-chain gas fees after the launch of AA wallet, and incentives for ecological and community development, etc.
In addition to enjoying the wealth growth brought about by the continued development of the Bitget Wallet ecosystem, early BWB holders can also obtain the qualifications to participate in Staking, Launchpad and various airdrop activities, and are very likely to become extremely valuable golden shovels in the future.
Bitget Launchpad’s new wealth-creating effect
If there are high-certainty profit opportunities in the Web3 field, then Launchpad must occupy a high position in the minds of investors. The Launchpad platform that can bring high returns not only represents that it has high-quality industry resources, but also represents a responsible attitude towards platform users.
By studying Bitget Launchpads historical projects and earnings, it is not difficult to see that Bitgets Launchpad is giving benefits to users. Bitget is not only discerning, but also able to select projects with great development potential from many projects. More importantly, Bitget also maintains great restraint to avoid losses to users due to improper project selection. Since the latest Launchpad went online on December 15, 2023, it took nearly half a year to launch BWB on Launchpad again, which is enough to show how much Bitget values the Launchpad project.
The total amount of BWB is 1 billion, and the Launchpad price is only $0.15, with a total project valuation of $150 million. Compared with the projects recently launched on Binance with valuations of over $1 billion, BWBs market value has a lot of room for growth. If BWB is compared with similar projects, the growth potential of BWB can be seen more clearly. Compared with TWT (Trust Wallet), with the same market value, the price of BWB will exceed the Launchpad price by more than 20 times.
In addition, participants in Bitgets Launchpad generally leave a large proportion of the platforms BGB. Since the beginning of 2023, BGB has risen by more than 600%. The role played by BWB in the Bitget Wallet ecosystem is equivalent to the role played by BGB in the Bitget platform, backed by Bitgets rich industry resources.
The holding statistics of BWB Launchpad are from 11:00 on June 1 to 11:00 on June 4. Investors can consider transferring assets from other platforms or wallets to Bitget accounts to subscribe to more BWB.
