The world-leading Bitget spot trading and derivatives exchange has announced the repeat deployment of its native Launchpad platform to provide promising blockchain projects early access and exclusive privileges. As stated in a company’s press release, the Panda Farm decentralized GameFi project will be the first to be launched on the Bitget Launchpad on February 16, kicking off with a sale of 1,000,000 BBO utility tokens.
The Bitget Launchpad project has successfully nurtured five early-stage projects since launch in February of 2022, resulting in twenty nine times in ATH returns within the first week. The relaunch of the Launchpad since its pause in June of 2022 sets the stage for a major landmark in Bitget’s development and expansion into the promising token sale direction in light of the cryptocurrency market’s slow revival.
Panda Farm, the first project to be listed on Launchpad, is a fully on-chain metaverse GameFi experience that gives users the chance to win their shares of prize pools for participating in various competitions. The Foodies Competition will be the first game in a lineup of many more to be released in the coming months as Panda Farm gains momentum.
In order to be eligible for participation in the token sales announced on the Launchpad, users of Bitget will have to hold at least 100 native platform BGB tokens, with allocation decided based on the amount held on user accounts. Bitget plans to make the BBO token available for open trading on the exchange starting February 20 to ensure that as many users as possible get the chance to participate in the token sale.
“The re-launch of Bitget Launchpad is another major step in our Go Beyond Derivatives strategy. As a leading player in crypto derivatives trading and crypto copy trading, we are heavily building up our spot market this year, in terms of the variety of coins, activities, and overall liquidity. We are happy to support more early-stage blockchain-based projects that can make a real impact in the crypto space, and we are excited to partner with Panda Farm to bring a more innovative Web 3 experience,” as Gracy Chen, Managing Director of Bitget, commented on the release.
William, community contributor at Panda Farm, was quoted as saying that the project’s collaboration with Bitget is a major boost that will help expand its reach to new user and investor audiences, thus creating value for the community and the market as a whole.
The news of Bitget’s repeat expansion into the launchpad sector comes in light of recent news from Coinmarketcap, which states that the exchange has grown to become the 12th largest spot trading venue on the market, with over 430 listed coins and 530 trading pairs. The exchange lists an average of 20 new assets per month, a factor that has had a positive impact on the price of the native BGB token, allowing it to rise in value by over 80% in the last seven days.
