Bitget Launches PoolX Carnival Event to Celebrate the Merger of Its Ecosystem Tokens, BGB and BWB

Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce a PoolX Carnival Event to celebrate the merger of its ecosystem tokens

SEATTLE, WA, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Leading cryptocurrency exchange and Web3 company, Bitget, announces a PoolX Carnival Event to celebrate the merger of its ecosystem tokens, Bitget Token (BGB) and Bitget Wallet Token (BWB). This campaign aligns with Bitget's commitment to providing continuous benefits and a wide range of exclusive privileges to all users.

Throughout 2024, the Bitget ecosystem has achieved remarkable growth, solidifying its position as one of the largest CEX ecosystems globally. Notably, BGB has experienced an incredible market cap increase of over 1,000%. Recently, Bitget announced the merger of Bitget Token (BGB) and Bitget Wallet Token (BWB), further strengthening a robust ecosystem that seamlessly bridges on-chain and off-chain applications, with BGB serving as the unified token for both Bitget's centralized and decentralized branches. Additionally, BGB completed its initial burn on 30th December 2024, destroying 800 million BGB. Commencing in 2025, Bitget will allocate 20% of its quarterly profits from exchange and wallet operations to buy back and burn BGB.

To commemorate this merger, Bitget has launched a PoolX Carnival Event, offering a total of 15,440 BGB in rewards. The event spans from 31st December 2024 to 4th January 2025. This PoolX initiative invites users to lock BTC and ETH for BGB airdrop. The campaign caters to both large-scale and small-scale participants, with locking limits ranging from 0.0001 BTC to 2 BTC, and 0.002 ETH to 15 ETH respectively. Participants' rewards will be determined by their proportional contributions to the total locked pool.

Bitget's PoolX offers a unique avenue for users to stake specific tokens and actively participate in the growing ecosystem, earning more tokens through the airdrop initiative. The PoolX Carnival Event presents an opportunity for users to contribute to the expanding Bitget ecosystem and benefit from the increasing utility of BGB. Currently, BGB provides various benefits to holders, including fee discounts, VIP privileges, and access to token farming through Launchpool. Looking ahead, BGB is set to empower more functionalities and products within the Bitget ecosystem, driving sustainable growth and long-term value for holders.

For more information on the PoolX Carnival Event, please visit here.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is dedicated to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7128dca-a994-49e4-8c0e-e692a9237667