Bitget Wallet Announces Launch of Native Token BWB

1. Bitget Wallet unveils BWB token post $30M investment from Bitget exchange.
2. BWB token allocation includes a 5% share for user engagement with digital assets within the wallet.
3. Server issues addressed swiftly, reaffirming user-centric approach.

In a significant move within the cryptocurrency space, Bitget Wallet has unveiled plans to introduce its native token, BWB. This comes one year after securing a substantial $30 million investment from crypto exchange Bitget.

This development comes after the wallet underwent a rebranding initiative. It is a transition from its former identity as Cross-chain wallet BitKeep to Bitget Wallet.

The total supply of BWB is capped at 1 billion tokens, with a strategic allocation of 5% reserved for users actively engaging with digital assets within Bitget Wallet or utilizing in-app swap transactions.

“It’s important to us that BWB serves as a key to unlocking exclusive benefits for its holders, offering them a voice in community governance, access to ecosystem airdrops, and a dividend in the rewards,”

Alvin Kan

To incentivize early adoption, Bitget Wallet has devised a six-week points reward system. The points are convertible into BWB tokens during the second quarter following its initial exchange offering (IEO). Additionally, users who received rewards under the BitKeep branding can convert them to BWB tokens at a ratio of 6:10 during the same period.

Exclusive Benefits for BWB Holders

Alvin Kan, COO of Bitget Wallet, emphasized the importance of BWB serving as a conduit for unlocking exclusive benefits for its holders. These benefits include participation in community governance, access to ecosystem airdrops, and a share in rewards dividends.

Following the announcement, Bitget Wallet encountered a surge in server traffic, leading to service overload issues. Users reported difficulties in claiming their BWB tokens. However, developers promptly addressed the situation, reassuring users that the technical glitches were being resolved with urgency.

Bitget Wallet has solidified its position as one of the premier wallets in the Asia-Pacific region, boasting a user base exceeding 19 million. Notably, its in-wallet swap functionality supports transactions across approximately 40 blockchains. This strategic move mirrors the success of Trust Wallet. Which further, experienced exponential growth after launching its native token post-acquisition by Binance.

Partnerships and Expansion

In tandem with its rebranding efforts, Bitget Wallet has forged partnerships with key players in the financial technology sector, including Banxa, Simplex, Alchemy Pay, MoonPay, and FaTPay. Furthermore, these collaborations enable users to seamlessly purchase cryptocurrencies within the wallet via credit cards, Google Pay, and Apple Pay, thereby enhancing accessibility and convenience.

As the wallet gears up for the launch of BWB, anticipation mounts within the cryptocurrency community. This is underscoring the wallet’s commitment to innovation and user-centric solutions.