BWB lands on Bitget's first Launchpad of 2024, which may create the most remarkable wealth effect of the year
In simple terms, the more BGB and USDT the user holds during the position statistics phase, the more BWB they will subscribe to.Author: Coinof
Bitget has officially announced that BWB (Bitget Wallet) has launched its snapshot on June 1 at 11:00. The official interface shows that this Launchpad will adopt an investment model, calculating subscription shares based on the amount of BGB and USDT held by users. In simple terms, the more BGB and USDT users hold during the holding statistics phase, the more BWB they can subscribe to.
It is worth mentioning that the total amount of BWB available in this Launchpad sale is 10 million, with BGB and USDT subscription amounts accounting for 50% each. Based on a sale price of $0.15, the total issuance of BGB reaches $1.5 million. Compared to previous projects launched on Bitget Launchpad, this BWB Launchpad sale is undoubtedly the largest to date. If you have some understanding of BWB (Bitget Wallet) or the historical returns of Bitget's Launchpad, you will surely recognize the high value of this Launchpad.
Bitget Wallet Connects the Entire Web3 Ecosystem
Founded in 2018, Bitget Wallet has developed into a leading non-custodial Web3 wallet globally over nearly six years. Bitget Wallet now supports over 100 mainnets, with a cumulative trading volume of $8 billion, and has 19 million users across 168 countries and regions. Gracy, the new CEO of Bitget, emphasized in a recent open letter that the company's development focus for 2024 will be on three areas: compliance, emerging markets, and Web3. Non-custodial wallets have long been recognized as the entry point for Web3 traffic, and Bitget's entry point into Web3 is Bitget Wallet.
Currently, a major pain point for Web3 users is the overwhelming number of public chains and the cumbersome interaction experience. Bitget Wallet will serve as Bitget's Onchain layer, providing users with a one-stop service by further integrating a series of modular DApps, thus building a vast ecosystem. In this ecosystem constructed 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 wallets, and incentives for ecosystem and community development, among others.
Early holders of BWB can not only enjoy the wealth growth brought by the continuous development of the Bitget Wallet ecosystem but also gain eligibility to participate in staking, Launchpad, and various airdrop activities, potentially becoming a highly valuable "golden shovel" in the future.
The New Wealth Creation Effect of Bitget Launchpad
If there are relatively certain profit opportunities in the Web3 field, then Launchpad undoubtedly holds a high position in the minds of investors. A Launchpad platform that can bring high returns not only represents quality industry resources but also reflects a responsible attitude towards its platform users.
By studying the historical projects and returns of Bitget Launchpad, it is clear that Bitget's Launchpad is entirely about providing benefits to users. Bitget not only has the insight to select projects with significant development potential from numerous options but also maintains great restraint to avoid causing losses to users due to poor project selection. Since the last Launchpad went live on December 15, 2023, it has taken nearly six months to launch BWB again, which shows how much Bitget values Launchpad projects.
The total supply of BWB is 1 billion, with a Launchpad price of only $0.15, giving the total project valuation of $150 million. Compared to recent projects listed on Binance with valuations often exceeding $1 billion, BWB's market cap retains significant growth potential. When comparing BWB with similar projects, the growth potential of BWB becomes clearer. Compared to TWT (Trust Wallet), with the same market cap, the price of BWB would exceed the Launchpad price by more than 20 times. 
Additionally, participating in Bitget's Launchpad generally leaves a large proportion of shares for the platform's BGB. Since the beginning of 2023, BGB has increased by over 600%. If users had held BGB since then and started participating in Launchpad, it is hard to imagine how much wealth they would have accumulated. The role of BWB in the Bitget Wallet ecosystem is akin to that of BGB on the Bitget platform, and with Bitget's rich industry resources, the application scenarios for BGB are expected to increase.
The holding statistics period for the BWB Launchpad is from June 1 at 11:00 to June 4 at 11:00. Investors may consider transferring assets from other platforms or wallets to their Bitget accounts to subscribe for more BWB. Compared to the competition on Binance Launchpad and the uncertainty of returns on other platforms, this Bitget Launchpad is undoubtedly an investment opportunity that ordinary investors should not miss!
