Bitget Relaunches Its Branded Launchpad, Announces First Tokensale of The Year
Leading crypto derivatives exchange Bitget has announced the relaunch of its Launchpad platform, bringing back to users early access to blockchain projects with great potential starting from February 16. Since its first market entry in early 2022, Bitget Launchpad launched five early-stage projects, achieving an all-time high (ATH) return of 29X in the first week of the listing.
Favored by the recent growth of the crypto market, today’s relaunch is marked with the debut of Panda Farm (BBO) — the first fully decentralized GameFi project running on Arbitrum and the first project launched on the restarted Bitget Launchpad since June 2022. Panda Farm aims to develop a fully on-chain game metaverse, allowing users to earn a profit by participating in each game and special prize pools.
The launch of the project gives Bitget users a chance to participate in its tokensale for those who hold at least 100 Bitget’s native tokens (BGB). A total of one million BBO utility tokens will be offered for purchase, with the allocation made proportionally to the amount of BGB held by each user.
After the token sale, BBO trading will be available on the Bitget spot market starting from February 20.
Gracy Chen, Managing Director of Bitget, stated that the relaunch of Bitget Launchpad is a significant step in their Go Beyond Derivatives strategy. As a leading player in crypto copy trading, the company is heavily focused on building up its spot market this year as seen from the growing variety of coins, activities, and overall liquidity. Chen added that Bitget is committed to supporting early-stage blockchain-based projects that can make a real impact in the crypto space, and the partnership with Panda Farm will allow for bringing more innovative Web 3 experience users.
William, the Community contributor of Panda Farm, expressed his excitement over the partnership with Bitget, highlighting that their goal is to provide an innovative and immersive gaming experience to their users. He added that the partnership will help to expand the project’s “reach to a broader range of investors and users”.
Bitget is currently the 12th largest crypto spot exchange, with over 430 coins and 560 trading pairs. The growth of the Bitget spot market, with over 20 new listings this month, has driven an over 80% increase in the price of BGB in seven days. BGB is currently traded at $0.49.