VICTORIA, Seychelles,
May 15,
2024 /PRNewswire/ -- Bitget Wallet, a leading
non-custodial wallet and decentralized ecosystem
platform, has announced the launch of its latest product blueprint,
the Bitget Onchain Layer, to revolutionize the overall Web3
experience for its users. The Bitget Onchain Layer will not only
integrate a host of native DApps within Bitget Wallet
through joint collaboration with builders, but also position Bitget
Wallet as the primary on-chain extension and future of the Bitget
ecosystem. Concurrently, a $10
million BWB Ecosystem Fund has also been established,
dedicated to accelerating the development of the Bitget Onchain
Layer and supporting aligned projects and initiatives.
Powering the Bitget Onchain Layer are native Modular
Feature-DApps (MFDs), specialized applications to
streamline user interactions, enhance liquidity aggregation, and
fortify security measures. Initially, the ecosystem fund will be
dedicated towards the investment and incubation of various Web3
trading services, of which three are already in the pipeline:
Pre-Market, on-chain derivatives market, and
Trading Bot. These services, in the form of MFDs, will
further complement Bitget Wallet's existing Swap trading
service.
Since its inception as a multi-chain wallet in 2018, Bitget
Wallet has evolved into a comprehensive platform featuring native
functions such as multi-chain wallet, Swap, intelligent market
data, Launchpad, inscriptions tool, and earning center, reflecting
its transformation from an asset management tool to a full-stack
DeFi ecosystem and platform.
In this journey, Bitget Wallet has attracted over 20 million
users globally and has gained widespread recognition. Just last
month, the platform achieved a record high in Swap data, with
trading and order volumes surpassing MetaMask.
As Bitget Wallet continues to build, several enduring yet
unresolved challenges in the Web3 space demand attention, including
navigating across multiple blockchain networks, selecting the right
DEXs, choosing from a myriad of liquidity pools, and much more,
oftentimes resulting in a poor user experience.
To produce innovative solutions to these problems, Bitget Wallet
first began by introducing a native swap aggregator, Bitget Swap,
to cater towards user demands for seamless on-chain trading and
earning experiences. Deploying Bitget Swap as a native platform
feature also opened up avenues for more value-added features
including gas-free transactions and multiple trading modes to
enhance the overall trading experience for users, forming the first
step in Bitget Wallet's journey to developing a native on-chain
ecosystem layer.
On a macro level, the Bitget Onchain Layer serves as an
intermediate layer that abstracts away complexities for users to
interact with the Web3 world with the help of Modular-Feature
DApps (MFDs). These function both as standalone
DApps as well as native features integrated directly
into Bitget Wallet. By working with industry developers to create
effective and purposeful MFDs, Bitget Wallet aims to meet users'
needs in a more efficient manner, while also supporting developers
and DApp projects in Web3.
Aside from trading, the Bitget Onchain Layer also aims to
provide native accessibility for new narratives, assets, and
opportunities across Web3 from Bitget Wallet by introducing an open
and collaborative ecosystem strategy to offer comprehensive
coverage over a spectrum of financial services.
In tandem with the development of the Bitget Onchain Layer, the
wallet has also prioritized the burgeoning Meme ecosystem as a
central focus of its product roadmap. Following the launch of
Bitget Wallet's experimental Meme token, $MOEW, the platform plans
to explore further integrations and community engagements within
this space, including Meme Grants and events to bolster Meme
culture and Web3 engagement. Bitget Wallet has also engineered a
dedicated Meme token leaderboard within its wallet interface,
providing users with up-to-date information on the latest trending
Meme coins and price movements, providing the competitive edge
needed to stay ahead of the Meme market.
Bitget Wallet and the Bitget Onchain Layer are fundamentally
anchored by the BWB token, which has multiple roles within the
ecosystem, including governance voting, eligibility for
participation in Launchpad events, staking rewards, and payment of
multichain gas fees, among other utilities. Following the
conclusion of the BWB Points Airdrop Campaign and BWB Ecosystem
Partner Program, the wallet has now announced its allocation plans
for the BWB token. The total supply of BWB tokens is set at 1
billion, distributed across community rewards, team, and
partnership initiatives. Nearly 47% of this total supply will be
allocated to the community treasury and 10% will go to investors,
while 5% will be reserved for the pre-TGE (token generation event)
airdrop.
Moving ahead, Bitget Wallet will continue to refine its platform
by integrating high-frequency and core features that enhance user
experience and interaction within the Web3 ecosystem. The focus
will remain on product growth and strategic infrastructure
development to sustain advancement and ensure a robust foundation
for the future.
Bitget Wallet's evolution reflects its commitment to pushing the
boundaries of what a Web3 wallet can offer. It has transitioned
from asset management to a broader scope of DeFi
functionalities, reinforcing its market position and setting a new
standard in the cryptocurrency and DeFi
space.
About Bitget Wallet
Bitget Wallet is Asia's largest and leading global Web3 trading
wallet, with over 20 million users worldwide. It offers a
comprehensive range of features, including asset management,
intelligent market data, swap trading, launchpad, inscribing, and
DApp browsing. Currently, it supports more than 100
major blockchains, hundreds of EVM-compatible chains, and over
250,000 cryptocurrencies. Bitget Wallet enhances
liquidity by aggregating it across hundreds of top DEXs and
cross-chain bridges, facilitating seamless trading on nearly 50
blockchains.
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SOURCE Bitget Wallet