Bitget Unveils Onchain Layer and $10M Fund to Boost Web3 Revolution

May 16, 2024
Bitget Unveils Onchain Layer and $10M Fund to Boost Web3 Revolution
  • Bitget Wallet is launching its Bitget Onchain Layer to innovate the Web3 user experience.

  • The Onchain Layer will incorporate native DApps, marking Bitget Wallet as a central on-chain platform.

  • A $10 million BWB Ecosystem Fund has been established to develop the Onchain Layer and support related projects.

  • The BWB token will play a pivotal role in the ecosystem, providing benefits to holders such as event access and airdrops.

  • Bitget Wallet's user base has reached 20 million globally, attributed to its user-centric approach and Web3 engagement.

  • Modular Feature-DApps (MFDs) within the Onchain Layer will aim to simplify user interactions, improve liquidity, and increase security.

  • The company is focusing on Web3 trading services development, including a Pre-Market and on-chain derivatives.

  • Bitget Wallet has surpassed MetaMask in Swap data, with record trading and order volumes.

  • The BWB token distribution includes 47% for the community treasury and 10% for investors.

  • Bitget Wallet plans to further enhance its platform with high-frequency and essential features for the Web3 ecosystem.

Summary based on 3 sources


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