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 token, BWB, has been activated and the airdrop campaign is now live.
The total supply of BWB tokens is 1 billion, with 5% allocated for community airdrops in the form of BWB points, which can be redeemed for BWB in the future. The airdrop campaign is divided into two parts, “Initial Airdrop” and “Task Acquisition,” and is available to both new and existing wallet users from March 18th to April 28th.
In the “Initial Airdrop” part, Bitget Wallet has conducted retroactive airdrops to existing users based on their past wallet usage, such as asset holdings, swap transactions, and participation in activities. Rewards were also given to users who have used the swap function in popular Web3 wallets like MetaMask, Trust Wallet, and Coinbase Wallet. Additionally, users who download the Bitget Wallet app during the campaign 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 launch the BWB token in the second quarter of 2024, allowing users to redeem BWB points. BWB will become the core asset and equity token of Bitget Wallet’s decentralized ecosystem, and BWB holders will unlock and enjoy exclusive rights such as community governance and ecosystem airdrops, as well as more dividends brought by Bitget Wallet’s development.”
As the largest Web3 wallet in Asia and a top-five global wallet, Bitget Wallet has experienced multiple market cycles and capitalized on the rise of DeFi and the mainstream adoption of Web3. It now has over 19 million users worldwide, establishing itself as a significant player in the Web3 wallet industry.
Bitget Wallet previously raised 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, valuing the company at $300 million. Leveraging the Bitget Group ecosystem, Bitget Wallet has become an important entry point to the decentralized ecosystem within the group. The upcoming BWB token will not only be the core asset of Bitget Wallet but also the core asset and Web3 equity token of the entire Bitget decentralized ecosystem, providing practical use cases within Bitget Wallet and entitling users to corresponding benefits within the decentralized ecosystem.
Bitget Wallet goes beyond the definition of a Web3 multi-functional wallet. It is the first wallet to adopt a holistic perspective, aggregating DEX market data, NFT markets, market tools, Launchpad platforms, full-chain NFT minting, and Web3 task platforms. Its exceptional user experience is the core competitive advantage of Bitget Wallet.
In addition to its outstanding product functionality and services, Bitget Wallet places great emphasis on security. It has established the GetShield security system, which is applied to all product features and services to ensure the security of every transaction or interaction. This includes comprehensive risk token detection, contract detection, authorization detection, fraud address identification, anti-phishing mechanisms, and DApp security ratings. Bitget Wallet also incorporates MPC and AA wallet technologies, supports hardware wallet connections, completes audits of core codes such as Swap and NFT market protocols, and integrates with Flashbots to prevent malicious MEV attacks. Moreover, Bitget Wallet and Bitget share a $300 million risk protection fund to enhance risk resilience.
Regarding the future vision and plans for BWB, Alvin Kan explained that “the launch of BWB marks a new beginning, and Bitget Wallet will enter a new stage of development with more innovative products and ecosystem construction plans. Bitget Wallet aims to help one billion users enter the Web3 world, discover and capture more new assets and opportunities, and accelerate the community development of Bitget Wallet, enabling more users to participate in governance and enjoy the dividends brought by Bitget Wallet’s development.”
About Bitget Wallet:
Bitget Wallet is the largest and leading all-in-one Web3 trading wallet in Asia, with over 19 million users worldwide. Its product features include wallet management, intelligent market data, swap trading, Launchpad, NFT markets, and DApp center. It supports over 100 mainstream public chains and hundreds of EVM-compatible chains, as well as over 250,000 cryptocurrencies. With liquidity from hundreds of mainstream DEXs and cross-chain bridges, Bitget Wallet enables free trading on more than 40 chains.
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