Bitget Wallet Unveils Exclusive Rewards Program for BGB Holders, Distributing $1 Million Airdrop Pool

VICTORIA, Seychelles, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Bitget Wallet, a leading Web3 non-custodial wallet, has unveiled an exclusive rewards program

Leading Web3 Non-Custodial Wallet Announces $1 Million Airdrop for BGB Holders Starting January 2023

VICTORIA, Seychelles, Jan. 02, 2023 (GLOBE NEWSWIRE) -- Bitget Wallet, a top-ranking Web3 non-custodial wallet, has unveiled an exclusive rewards program for holders of its native token, BGB. Commencing January 2023, users who hold a minimum of 1 BGB will be eligible to share a $1 million airdrop pool and unlock weekly perks through collaborations with leading blockchain projects.

The campaign will unfold in multiple phases throughout the year, kicking off with the first phase from January 2 to January 9, 2023. During this initial phase, users holding above 1 BGB can join a $100,000 prize pool and receive airdrops from projects such as XION and MomoAI. The total reward pool for the campaign will reach $1 million, which will be distributed across multiple phases. Bitget Wallet will announce further reward opportunities soon to ensure continuous benefits for BGB holders.

Users can now swap their BWB to BGB seamlessly through the Bitget Wallet app at a rate of 1 BWB = 0.08563 BGB, with all swaps processed quickly on-chain.

This program follows the merger of BWB into BGB, consolidating Bitget's token ecosystem under a single unified token - BGB. BGB's future utility will expand across on-chain and real-world applications. It will be integrated into leading DeFi ecosystems for decentralized trading, staking and lending, serving as the gas token within Bitget Wallet while gaining priority access to new project launches and airdrops. Real-world applications include powering payments for dining, travel and shopping, unlocking additional benefits like discounts, rebates and luxury services. To enhance its value, a quarterly buyback and burn mechanism is implemented. BGB's deflationary model began with the burn of 800 million tokens, reducing its total supply by 40%.

As the fastest-growing on-chain superapp, Bitget Wallet has recently hit 60 million users with 300% annual growth. "BGB is central to our vision of empowering the decentralized ecosystem," said Alvin Kan, COO of Bitget Wallet. "By integrating BGB into a growing range of use cases - from DeFi, PayFi applications to real-world payments - we are creating an ecosystem where value seamlessly flows between CeFi and DeFi. This initiative brings us closer to realizing our goal of making Web3 accessible to all and accelerating global adoption."

About Bitget Wallet

Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300 million protection fund to ensure safety of users' assets. Experience Bitget Wallet Lite to start a Web3 journey.

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