Blockchain Press Releases
Bitget Wallet Launches Ecosystem Token BWB with an Airdrop Points Program
VICTORIA, Seychelles, March 18, 2024 /PRNewswire/ — On March 18th, Bitget Wallet, the leading Web3 wallet in Asia, proudly announced the launch of its official ecosystem token, BWB, along with an innovative BWB Points airdrop event. This marks a significant milestone in the platform’s commitment to enhancing user engagement and fostering a vibrant community ecosystem.
Introduction of the BWB Token and Its Airdrop Initiative
According to the announcement, the total supply of BWB tokens is set at 1 billion, with a generous allocation of 5% dedicated to community airdrops. These airdrops will be distributed as BWB points, offering users the future opportunity to exchange points for actual BWB tokens. This strategic move aims to energize the community and boost participation.
To engage its diverse user base, Bitget Wallet has rolled out a six-week airdrop campaign from March 18th to April 28th. This initiative is divided into two main parts: the “Initial Airdrop”, rewarding loyal users, and the “Task Airdrop”, designed for users who complete certain activities. This streamlined approach aims to enhance participation across the board.
For the “Initial Airdrop”, Bitget Wallet looked back and rewarded existing users based on their previous use of the wallet, such as how many assets they held, their swap transactions, and their participation in various activities. It also gave bonus airdrops to users who had used the Swap feature in other well-known Web3 wallets such as MetaMask, Trust Wallet, and Coinbase Wallet. Additionally, new users who download the Bitget Wallet App during the campaign will receive an airdrop of 50 BWB points.
On the “Task Airdrop”, all Bitget Wallet users have the opportunity to earn BWB points by completing specific tasks. These include keeping assets in the wallet, conducting swap transactions, and inviting friends. Each task offers a different number of points, allowing users to gather points every day.
Speaking about BWB’s future, Bitget Wallet’s COO, Alvin Kan shared, “We are eagerly anticipating the official release of BWB tokens in the second quarter of 2024, which will empower users to convert their accrued BWB points into tokens. It’s important to us that BWB serves as a key to unlocking exclusive benefits for its holders, offering them a voice in community governance, access to ecosystem airdrops, and a dividend in the rewards driven by the growth of Bitget Wallet.”
Asia’s Leading Web3 Wallet and a Global Top Five Contender
With over five years under its belt, Bitget Wallet has navigated through several market cycles, capitalizing on the rise of DeFi and the mainstreaming of Web3. This strategic navigation has spurred rapid growth in its user base, now exceeding 19 million globally, positioning Bitget Wallet as the largest Web3 wallet in Asia and one of the top five globally.
The wallet’s journey of innovation and growth was further propelled by a $15 million Series A financing round led by Dragonfly. This milestone was followed by a significant acquisition in 2023 by Bitget, one of the top ten global centralized exchanges and top five derivatives exchanges, at a valuation of $300 million. This acquisition not only came with a $30 million investment but also marked a pivotal brand upgrade for Bitget Wallet. Today, anchored in the Bitget Group’s ecosystem, Bitget Wallet plays a crucial role as the gateway to decentralized ecosystems. The upcoming BWB token will thus serve not only as Bitget Wallet’s core asset but also as a fundamental asset and Web3 equity certificate across the Bitget decentralized ecosystem, bridging practical use cases within Bitget Wallet and broader ecosystem engagement.
As the industry shifts towards decentralized asset management and trading, the narrative is also evolving towards a focus on community-driven stories, with Web3 wallets emerging as leaders in this space. Over the years, Bitget Wallet has refined the standards for Web3 wallet products, being the first to offer a full-chain perspective, aggregate DEX prices across all-chains, facilitate seamless cross-chain transactions, and launch an NFT marketplace and Launchpad platform.
Bitget Wallet has evolved beyond a multifunctional Web3 wallet to become a comprehensive platform encompassing a DEX aggregator, NFT marketplace, market analytics tool, Launchpad platform, inscription portal, and a Web3 task platform. This breadth of features and exemplary user experience are the pillars of Bitget Wallet’s competitive edge.
Empowering Users with New Assets and Opportunities
Another cornerstone of Bitget Wallet’s success is its ability to unveil the latest assets and investment opportunities, enabling users to maximize their earnings through innovative product features and strategic operations.
Focusing on new assets and earning opportunities, Bitget Wallet has consistently centered its development around these themes, embedding them into nearly every key feature to ensure users have access to fresh opportunities and enhanced wealth potential.
Bitget Wallet’s unmatched support spans more than 100 major blockchains and numerous EVM-compatible networks, facilitating a seamless Web3 experience. Users can effortlessly manage assets, trade tokens, engage with NFTs, and explore DApps.
At the heart of the wallet, Bitget Swap stands out by supporting multi-chain transactions across more than 40 networks, aggregating data from hundreds of DEXs and cross-chain bridges, and offering an extensive selection of tokens paired with innovative features like gas-free transactions and automatic slippage adjustments. Additionally, its intelligent market analysis tools provide users with real-time insights, helping them make informed trading decisions.
To further enhance user earnings, Bitget Wallet has introduced a comprehensive portal featuring Task2Get, Fair Launchpool, and Invite2Get, among others, providing users with a rich array of rewarding tasks and airdrop activities.
Security is paramount for Bitget Wallet, which has established the GetShield security system to safeguard every transaction and interaction. This system addresses a range of security challenges, including on-chain phishing and fraud, through comprehensive measures such as risk token detection, contract analysis, and more. Additionally, Bitget Wallet benefits from a shared $300 million risk protection fund with Bitget, bolstering its risk mitigation capabilities.
Looking ahead, Alvin elaborated, “The launch of BWB marks a new beginning for us. As we enter this new phase, we’re excited to introduce more innovative products and expand our ecosystem. Our goal with BWB is to bring a billion users into Web3, uncovering new assets and opportunities, and accelerating our journey towards a more community-driven governance model. We want our users to be an integral part of our growth and to share in the successes of Bitget Wallet’s development.”
About Bitget Wallet
Bitget Wallet is Asia’s largest and leading global Web3 trading wallet with over 19 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 over 40 blockchains.
For more information, visit: Website | Twitter | Telegram | Discord
View original content:https://www.prnewswire.co.uk/news-releases/bitget-wallet-launches-ecosystem-token-bwb-with-an-airdrop-points-program-302091403.html
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
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Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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