Bitget Wallet Introduces Native Token Following $30 Million Funding Round
Bitget Wallet, formerly known as Bitkeep, has announced the launch of its native crypto token, BWB. The wallet is rewarding its early users through an airdrop campaign called the BWB Points Airdrop Campaign. Users have a six-week period to become eligible for the airdrop, which will take place in Q2.
What is BWB?
BWB is the native token of Bitget Wallet. Users can redeem their pre-distributed BWB points for the BWB token during the airdrop. The points have been dropped to Bitget wallet users based on their wallet balance, swap transactions, and other activities. Users of other Web 3 wallets such as MetaMask, Trust, Coinbase Wallet, or Phantom may also receive points based on swap activity.
Rewards and Benefits
Bitget Wallet offers various rewards and benefits to its users:
- New users who sign up today receive 50 points as a signup bonus.
- Users can earn additional rewards by maintaining their wallet balance, engaging in swap transactions, or referring new users.
About Bitget Wallet
Bitget Wallet is the largest Web3 wallet in Asia with 19 million global users. It supports over 100 blockchains and over 250,000 cryptocurrencies. The wallet also aggregates liquidity across hundreds of decentralized exchanges (DEXs).
Transition from BitKeep to Bitget
In August 2023, Bitkeep underwent a rebranding and became Bitget following a controlling stake acquisition by its namesake exchange. The rebranding was accompanied by a $30 million investment, valuing the company at $300 million.
Previously, under the name Bitkeep, the wallet issued BKB platform points stored within cloud wallets. These points can now be redeemed for BWB tokens at a ratio of 6:10, reflecting their respective maximum supplies of 600 million and 1 billion tokens.
Benefits of BWB
The launch of BWB brings several benefits to its holders:
- Voice in community governance
- Access to ecosystem airdrops
- Dividends from rewards driven by the growth of Bitget Wallet
Similarities with Trust Wallet
The launch of BWB follows a similar token launch strategy employed by Trust Wallet. After its acquisition by Binance in 2020, Trust Wallet introduced its TWT tokens. Since then, the token has seen impressive returns of 19,599%, and the wallet currently boasts 80 million users.
Hot Take: Bitget Wallet Empowering Users with Native Token
Bitget Wallet’s introduction of the native token, BWB, marks a significant milestone in its growth journey. With this new development, Bitget Wallet aims to embark on a new phase of development while strengthening its relationship with its users.
The launch of BWB brings exclusive benefits to holders and emphasizes their importance within the community. Through community governance participation, access to ecosystem airdrops, and dividends from wallet growth rewards, users are empowered and incentivized to engage with Bitget Wallet.
Overall, Bitget Wallet’s native token launch demonstrates its commitment to innovation and providing value to its growing user base.
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