Future-Proof Your Portfolio: Join The Bitget Wallet (BWB) IEO On Bitget Launchpad

With robust features and support for over 100 public chains, Bitget Wallet aims to create a comprehensive and seamless blockchain experience for users. It's time to step into the future by participating in the Bitget Wallet (BWB) IEO on Bitget Launchpad !

What Is Bitget Launchpad And What Is An IEO?

Bitget Launchpad is your gateway to supporting innovative blockchain projects. It offers a platform to launch new tokens, giving them the exposure they need to flourish. Imagine it as a grand stage where the latest and greatest projects make their debut. Bitget Launchpad is a treasure trove for discovering the next generation of blue-chip tokens - the future stars of the blockchain world that are handpicked and vetted by Bitget to ensure they have the potential to shine brightly. By joining exclusive events on Bitget Launchpad, you get early access to these promising projects at a favourable price before they hit the broader market.

An Initial Exchange Offering (IEO) is like a fancy fundraising gala hosted on an exchange platform. Unlike the usual ICOs, where the project team does all the heavy lifting, an IEO has the exchange itself handling the token sale. This means more security, more credibility, and a lot more trust, as the exchange has to carefully review the projects before providing the platform for the token sales. This does not only give investors peace of mind but also guarantees that only high-quality projects are presented.

What Is Bitget Wallet And What Is BWB?

Bitget Wallet is a multi-chain wallet that packs a punch with features like wallet Swap Trading, an NFT Marketplace, a DApp Browser, and Launchpad functionality. It supports over 100 public chains, including Ethereum, BNB Chain, Arbitrum, Polygon, and Avalanche. It’s like having all the best tools at your fingertips for top-notch trading prices.

Bitget Wallet is Bitget’s way of supporting Web3's sustainable growth and marks our first adventurous step into the decentralised universe. By bundling various blockchain services into one nifty platform, Bitget Wallet aims to create an ideal experience for users. It’s all part of Bitget’s grand vision to drive the adoption of decentralised technologies and foster a more open and transparent financial system.

BWB is the star token of Bitget Wallet. It’s your ticket to accessing various features and services within the wallet, joining in on governance, and earning rewards. Holding BWB tokens also means you get exclusive benefits and privileges on the Bitget platform.

Why Join The Bitget Wallet (BWB) IEO On Bitget Launchpad?

Bitget Wallet combines various blockchain services in one place, making it a project with top potential in the Web3 space. The IEO on Bitget Launchpad provides a secure and credible investment environment. Early access to BWB tokens could be your golden opportunity to benefit from the growth of the Bitget Wallet ecosystem. Plus, you can invest in both BGB (Bitget's native token) and USDT with complete flexibility. And let’s not forget, Bitget Wallet supports over 100 public chains for broad utility and integration.

Joining an IEO on Bitget Launchpad means you're backing projects with strong fundamentals and real potential. The platform's rigorous selection process makes sure that only the most promising projects make it to the launchpad. This is your great chance to be part of the next big thing in the blockchain space. Below are details of the upcoming Bitget Wallet (BWB) IEO on Bitget Launchpad:

Schedule And Participation Process For The Bitget Wallet (BWB) IEO On Bitget Launchpad

Here’s the lowdown on how to get involved, with each stage and its time period:

1. Position Calculation stage: From June 01 2024, 03:00 UTC to June 04 2024, 03:00 UTC, Bitget will take hourly snapshots of your BGB or USDT holdings across all accounts (spot, margin, futures, funding, and earn accounts). Make sure you maintain sufficient BGB or USDT during this period.

2. Commitment and Investment stage: From June 04 2024, 06:00 UTC to June 06 2024, 06:00 UTC, we will calculate your average BGB or USDT holdings and the corresponding maximum commitment you can make to the IEO. The BGB exchange price will be announced at the start; you have two days to make the commitment.

3. Calculation stage: On June 06 2024, 08:00 UTC, we will finalise the committed numbers. If your amount goes over the cap, the extras get shared around.

4. Distribution stage: On June 06 2024 from 08:00 to 12:00 UTC, Bitget will deduct the corresponding BGB or USDT based on your allocation. The remaining funds and your allocated BWB tokens will be safely deposited in your spot account.

5. Trading goes live: On June 06 2024, 12:00 UTC, the BWB/USDT spot trading pair will be available on Bitget Spot Trading.

How Bitget Calculates Your Token Commitment

Bitget uses a straightforward formula to calculate how many tokens you will be allocated based on your token (BGB or USDT) commitment. Here’s how it works:

Formula: Allocated tokens = (Committed tokens / Sum of all users' committed tokens) × Total tokens in the Launchpad promotion.

Let’s break it down with an example. Suppose there are 100,000,000 Tokens A up for grabs in a particular Launchpad promotion. There are 8 users committing BGB. If you commit 5,000 BGB and the other 7 users commit a total of 65,000 BGB, your allocation would be calculated as follows:

● Your committed BGB: 5,000 BGB

● Total committed BGB by all users: 70,000 BGB

● Total tokens available: 100,000,000 Tokens A

Your allocation = (5,000 BGB / 70,000 BGB) × 100,000,000 Tokens A = 7,142,857 Tokens A (approximately 7.14% of the total).

Individual Cap: To manage risk, Bitget sets an individual cap for Launchpad promotions. If your allocated amount exceeds this cap, the excess tokens will be redistributed to other users who have not yet reached their cap.

For instance, if the individual cap for Token A is set at 20,000,000 BGB, and your initial allocation exceeds this amount, the excess will be adjusted and redistributed.

How Bitget Calculates Your Average BGB And USDT Holdings

The calculation of your average BGB holdings during the Position Calculation stage is vital for determining your maximum investment. Here’s how it’s done:

1. Hourly snapshots: During the Position Calculation stage, Bitget takes hourly snapshots of your BGB or USDT holdings across all your accounts, including spot, margin, futures, funding, and earn accounts.

2. Average holdings formula: The formula for calculating your average holdings is: Average holdings = (Sum of BGB or USDT holdings in each hour) / (Number of snapshots)

Example:

Suppose the snapshot period is from 1 June, 06:00 UTC to 4 June, 06:00 UTC, which is a total of 72 hours. If you have the following BGB holdings during this period:

● 1 June, 06:00 UTC: 1,000 BGB

● 2 June, 06:00 UTC: 2,000 BGB

● 3 June, 06:00 UTC: 3,000 BGB

Your average BGB holdings would then be:

((1,000 BGB × 24 hours) + (2,000 BGB × 24 hours) + (3,000 BGB × 24 hours)) / 72 snapshots = 2,000 BGB.

This average is used to determine the maximum amount of BGB you can commit during the IEO.

Ready to get started? Dive into the Bitget Wallet (BWB) IEO on Bitget Launchpad today and be part of something big in the Web3 world. Grab your chance to invest early!