BGBTC is backed by BTC on a 1:1 foundation, sustaining its worth parity and guaranteeing seamless integration into the broader ecosystem. It is designed to activate further worth for BTC holders, enabling them to take part in DeFi alternatives whereas preserving their Bitcoin publicity.
During the pre-launch section from December 9, 2024, to January 8, 2025, customers can stake BTC on Bitget to obtain BGBTC tokens. This is complemented with double BGPoints rewards alongside a further 2% annualized return, paid out in a lump sum on the finish of the interval.
Following this, Season 1 will formally kick off on January 9, 2025, with options like enhanced BGPoints advantages, versatile redemption choices, and partnerships with BitcoinFi platforms.
“The fast development of the crypto business worldwide, significantly within the Bitcoin ecosystem, conjures up us to innovate repeatedly. BGBTC aligns with our targets of offering higher options for our customers, making their buying and selling experiences smarter. It permits them to interact extra deeply with Bitcoin, entry increased yields, and take part in DeFi ecosystems beforehand out of attain,” mentioned Gracy Chen, CEO at Bitget.
BGBTC simplifies the method of incomes further returns for BTC holders. By staking BTC, customers obtain BGBTC tokens, which grant entry to a number of income streams, together with fastened annualized returns, BGPoints, and upcoming options like lending. Users can simply redeem their BTC throughout Season 1, guaranteeing most flexibility in managing their belongings.
Bitget is targeted on guaranteeing a safe and rewarding expertise for its customers. BGBTC affords a simple one-click staking mechanism with a number of avenues for returns, together with token airdrops by means of collaborations with DeFi companions. Security is fortified by twin insurance coverage from Bitget and Cobo, together with multi-signature protections, guaranteeing that each one funds stay secure.
With options equivalent to LaunchPool, PoolX, early BGPoints settlements, and staking-based lending on the horizon, BGBTC marks a brand new chapter in Bitget’s mission to drive crypto adoption by means of innovation.
For extra info on BGBTC, please go to here.
About Bitget
Established in 2018, Bitget is the world’s main cryptocurrency exchange and Web3 firm. Serving over 45 million customers in 150+ nations and areas, the Bitget change is dedicated to serving to customers commerce smarter with its pioneering copy buying and selling function and different buying and selling options, whereas providing real-time entry to Bitcoin price, Ethereum price, and different cryptocurrency costs. Formerly often called BitKeep, Bitget Wallet is a world-class multi-chain crypto pockets that gives an array of complete Web3 options and options together with pockets performance, token swap, NFT Marketplace, DApp browser, and extra.
Bitget is on the forefront of driving crypto adoption by means of strategic partnerships, equivalent to its position because the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, in addition to a worldwide accomplice of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball nationwide crew), to encourage the worldwide group to embrace the way forward for cryptocurrency.
For extra info, go to: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: [email protected]
Risk Warning: Digital asset costs could fluctuate and expertise worth volatility. Only make investments what you possibly can afford to lose. The worth of your funding could also be impacted and it’s doable that you could be not obtain your monetary targets or be capable of recuperate your principal funding. You ought to all the time search unbiased monetary recommendation and take into account your individual monetary expertise and monetary standing. Past efficiency isn’t a dependable measure of future efficiency. Bitget shall not be chargeable for any losses it’s possible you’ll incur. Nothing right here shall be construed as monetary recommendation.
