Bitget Wallet Set to Introduce Native Token Twelve Months Following Successful $30M Fundraising

Bitget Wallet, formerly known as BitKeep, is set to launch its own native token, BWB, following a $30 million investment from the Bitget exchange. The wallet plans to distribute 1 billion BWB tokens, with 5% allocated to users holding digital assets within the wallet or using in-app swap transactions. The airdrop will include a points reward system, which can be converted to BWB tokens in the second quarter. Users who received rewards from BitKeep wallet before its rebranding can also convert them to BWB at a ratio of 6:10. The token aims to provide exclusive benefits to holders, including governance rights, ecosystem airdrops, and a dividend in the rewards. However, the wallet experienced server issues after the announcement, preventing users from claiming their BWB. Bitget Wallet has assured users that the problem is being resolved. With over 19 million users, Bitget Wallet is one of the most popular wallets in the Asia-Pacific region and supports around 40 blockchains. The move to launch a native token follows the example of Trust Wallet, which saw significant success after its acquisition by Binance. Bitget Wallet aims to replicate this success and has secured partnerships with various payment providers to enable cryptocurrency purchases within the wallet.