As a seasoned crypto investor with a keen interest in the latest developments within the decentralized finance (DeFi) space, I’m excited about the recent announcement made by Bitget Wallet regarding their new $10 million ecosystem fund. Having witnessed the strategic moves of other leading exchanges like Binance, OKX, and KuCoin, it’s clear that Bitget is positioning itself as a major player in the on-chain ecosystem.
Bitget Wallet unveiled a $10 million fund for bolstering its Onchain Layer’s growth. This move signifies Bitget’s intent to broaden its on-chain ecosystem, following in the footsteps of exchanges such as Binance, OKX, and KuCoin who have made similar expansions before.
The fund is dedicated to nurturing the expansion of homegrown decentralized apps (DApps) that can be utilized within the Bitget Wallet, while also championing initiatives in line with the objectives of the Onchain Layer.
Over the past six years, BitgetWallet has transformed from a basic digital wallet into a full-fledged Web3 ecosystem platform. We’re thrilled to announce the upcoming launch of $BWB and share our vision for the future. Here’s how we plan to revolutionize the Web3 wallet experience:
1. Extension to Bitget Onchain Layer:
By integrating with the Bitget Onchain Layer, we aim to provide a more seamless and secure user experience. This will enable faster transactions and improved functionality for our users.— Bitget Wallet 🩵 (@BitgetWallet) May 15, 2024
BWB Token Rollout and Ecosystem Integration
As a researcher studying the cryptocurrency market, I’m excited to share that this quarter, Bitget Wallet will unveil its native token, BWB. This token is set to become a pivotal component of our ecosystem, bearing resemblance to Trust Wallet’s TWT token. My role in this project involves empowering users by providing them with features such as governance voting rights, eligibility for Launchpad events, staking rewards, and covering multichain gas fees using BWB.
As a crypto investor, I’d put it this way: “Five percent of the total issuance of one billion tokens in BWB is set aside for community members during a pre-generation event.”
As a financial analyst, I would describe it as follows: In my role as an analyst, I’ve observed that Bitget is expanding its wallet services by implementing the Onchain Layer. This expansion aims to incorporate trading functionalities and interchain swap capabilities. It involves investments in pre-market price aggregators, development of an on-chain derivatives market, and creation of trading bots.
In simple terms, Bitget Wallet, which boasts over 20 million users primarily in the Asia-Pacific region, aims to broaden its role in the growing crypto industry by adopting strategies similar to Binance’s BNB blockchain and OKX’s Web3 Marketplace. This move is expected to expand Bitget’s features and increase user interaction on its various platforms.
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2024-05-15 19:32