BWB Tokenomics
1.1 About Bitget Wallet and BWB
As a leading non-custodial wallet, Bitget Wallet offers an expansive suite of functionalities encompassing multi-chain wallet, intelligent market data, Swap, Launchpad, inscription center, and DApp center. By aggregating over 100 popular blockchains, more than 250,000 tokens, and a rich collection of DApps, Bitget Wallet allows users to be the first to discover new assets and opportunities as they appear in Web3.
Bitget Wallet has accumulated over 30 million users worldwide ever since its establishment in 2018, becoming one of the largest non-custodial wallets globally. In April 2024, Bitget Wallet's Swap trading order volume and transactions surpassed even that of MetaMask, reaching new historic highs and marking a pivotal milestone in the platform's growth.
Today, Bitget Wallet stands as more than just a wallet - it has evolved into a robust decentralized ecosystem platform poised to embark on the next chapter in its evolutionary journey as Bitget On-Chain Layer.
Complementing Bitget Wallet's evolution is BWB, Bitget Wallet's very own official ecosystem token and the native token of Bitget On-Chain Layer.
BWB serves multiple purposes within the Bitget Wallet ecosystem,
primarily:
•
To promote decentralised community governance for the
network, BWB would allow holders to propose and vote on governance proposals for Bitget Wallet.
•
Users may stake BWB to gain preferential access to
Bitget Wallet events such as Fair Launchpool
and GetDrop airdrop events.
• BWB will be utilised for payment of gas fees on multiple chains upon the future release of the Account Abstraction (AA) wallet.
• BWB would offer preferential access to participate in campaigns run by Bitget Onchain Layer ecosystem projects, including airdrop events and various platform activities. By actively participating, users would be eligible to earn rewards, which may be awarded in BWB or other rewards tokens issued by ecosystem projects.
With a total supply of 1 billion, BWB follows a distribution model as shown:
•
Private Round — 10%
10% of the BWB supply will be allocated to private purchasers. This portion
will be locked for 12 months starting from the Token Generation Event (TGE) and then linearly released
over 12 months.
•
Public Offering — 1.1%
1.1% of the BWB supply will be allocated to users through a public offering.
Out of this, 0.1% of the tokens will be available on Bitget Wallet's Launchpad platform.
•
Pre-TGE Airdrop — 5%
5% of the BWB supply will be allocated to the pre-TGE airdrop campaign, where
users participating in the campaign can redeem their BWB Points for BWB tokens.
•
BKB Holders — 3%
3% of the BWB supply will be distributed to BKB holders. BKB was the platform
token of BitKeep, which later transitioned to Bitget Wallet. BKB has a total supply of 600 million
tokens, and every 6 BKB can be exchanged for 10 BWB.
•
Team — 10%
10% of the BWB supply will be allocated to Bitget Wallet's team members to
incentivize team growth and attract top talent. This portion will be locked for 12 months starting from
TGE and then linearly released over 36 months.
•
Ecosystem Development —
18%
18% of the BWB supply will be allocated to ecosystem
development for Bitget On-Chain Layer and other initiatives, which will be linearly increased following
the TGE. It will be used for ecosystem growth, strategic partnerships and collaborations to support the
progression of Bitget Wallet toward the Bitget On-Chain Layer, and would be distributed to users to
encourage participation and create network effects.
•
Staking — 6%
6% of the BWB supply will
be allocated to staking pool.
•
Community Treasury —
46.9%
46.9% of the BWB supply will be allocated to the
community treasury to support platform user growth and community incentives. Of this amount, 6.9% will
be released at TGE to support platform marketing and liquidity needs. The remaining tokens will be
released linearly.
BWB will be distributed according to the timeline outlined in the graph below over a five-year period.
