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The BWB tokens will be released in the second quarter of this year. Users who have accrued BWB Points from the partner program will be able to swap them for the digital asset.
Bitget Wallet, a cross-chain Web3 wallet formally known as BitKeep, has announced the official launch of its partner program to bolster active engagement in the decentralized ecosystem. Under this program, users will be able to receive BWB Points as rewards for their contributions to the protocol. The program will extend to other chains supported on the platform.
Bitget Unveils New Ecosystem Token
In an announcement on X, the decentralized finance (DeFi) protocol, which prides itself as the “Asian largest”, said that blockchain networks such as BNB Chain, Avalanche, Tron, Injective, and Sushi are among the 40 projects that have already signed up to participate in the program.
The BWB Ecosystem Partner Program is now live!#BitgetWallet is rolling out exciting #BWBPoints rewards to bolster active engagement in the decentralized ecosystem for users of our collaborative project partners.
We're thrilled to have @taikoxyz, @babylon_chain, @MorphL2,… pic.twitter.com/07I9vem9dM
— Bitget Wallet 🩵 (@BitgetWallet) March 22, 2024
Users of these protocols who have interacted with the wallet will be able to earn points to support the ecosystem’s growth.
The introduction of the BWB partner program comes after Bitget unveiled its native token, known as “BWB”, on March 18, 2024, following the completion of its fundraising in 2023. The protocol received a $15 million investment from investors.
The newly launched token has been capped at 1 billion. The platform plans to airdrop part of the tokens to its community and has allocated 5% of the total supply for active members.
The token distribution is scheduled to start from March 18 to April 28. Bitget plans to distribute the tokens in batches. The first batch, known as the “initial airdrop,” is to be shared among loyal users, and the second group, called “task airdrop”, is to be shared among users who complete tasks.
Bitget to Release BWB Tokens Later This Year
The BWB tokens will be released in the second quarter of this year. Users who have accrued BWB Points from the partner program will be able to swap them for the digital asset.
Holders of the digital assets will have the opportunity to contribute to the ecosystem’s growth and unlock benefits.
Holders can also partake in the platform’s governance by voting on proposals and upgrades. They will also have access to ecosystem airdrops and dividends in the rewards driven by the growth of Bitget.
“Our goal with BWB is to bring a billion users into Web3, uncovering new assets and opportunities, and accelerating our journey towards a more community-driven governance model. We want our users to be an integral part of our growth and to share in the successes of Bitget Wallet’s development,” said Alvin Kan, the COO at Bitget.
Bitget’s Acquisition
Meanwhile, the Asian-based crypto wallet was acquired last year by another company named “Bitget”, a digital asset derivatives platform. The acquisition was accompanied by a $30 million investment from the company. The platform is now part of the Bitget group ecosystem.
Since its launch in May 2018, the Web3 wallet provider has transformed from a cross-chain wallet into a comprehensive platform that offers services such as a DEX aggregator and an NFT marketplace.
The platform also serves as a market analytics tool, Launchpad platform, inscription portal, and Web3 task platform. So far, Bitget has about 19 million registered users worldwide.
