Leading Web3 non-custodial wallet Bitget Wallet has announced an exclusive rewards program for holders of its native token, BGB. Commencing January 2025, users holding 1 BGB and above will stand to share a $1 million airdrop pool while also unlocking weekly perks through collaborations with top blockchain projects.
The campaign will unfold in multiple phases throughout the year, with the first kicking off from January 2 to January 9, 2025. During this initial phase, users holding above 1 BGB will be eligible for a $100,000 prize pool and receive airdrops from projects like 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 to ensure continuous benefits for BGB holders. Notably, users can now seamlessly swap their BWB to BGB through the Bitget Wallet app at a rate of 1 BWB = 0.08563 BGB, and all swaps will be processed quickly on-chain.
This program follows the merger of BWB into BGB, consolidating Bitget’s token ecosystem under a single unified token — BGB. As the sole token, BGB’s future utility will expand significantly 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 and gaining priority access to new project launches and airdrops.
In the realm of real-world applications, BGB will power 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, and 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 an impressive 300% annual growth rate. “BGB is at the heart of our vision to empower 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 flows seamlessly between CeFi and DeFi. This initiative brings us closer to making Web3 accessible to all and accelerating global adoption.”
