Bitget launches LaunchX for token distribution, Web3 growth
Bitget unveils LaunchX, supporting blockchain innovation
Bitget, a leading cryptocurrency exchange, has introduced LaunchX, an innovative token distribution platform designed specifically for the Web3 community. LaunchX aims to enhance token issuance and distribution, supporting high-quality blockchain projects while enabling Web3 users to acquire tokens during their initial launch phase.
The platform also facilitates public offerings, token airdrops, and quest-based airdrops, ensuring fairness, security, and fostering community engagement, according to the exchange’s website.
Addressing key challenges in token distribution
The cryptocurrency sector often faces issues with projects lacking substantial value and ineffective token distribution methods that fail to engage genuine Web3 users. Early distribution methods generally do not incentivize long-term support from token holders. LaunchX addresses these challenges with its innovative, user-focused solutions.
For users, LaunchX offers a trusted platform to discover promising blockchain projects and acquire tokens in their early stages. Additionally, the platform introduces airdrop campaigns, providing extra rewards for participants.
For project developers, LaunchX serves as an efficient token distribution channel, leveraging Bitget’s extensive global resources and active community to connect projects with a broader audience.
Key features of Bitget LaunchX
Flexible Distribution Methods
LaunchX supports two primary methods of token distribution:
Public Sales: Users can subscribe early to secure project tokens, gaining a competitive market edge.
Airdrops: These include standard and quest-based airdrops, rewarding users for meeting specific criteria.
Encouraging Long-Term Participation
LaunchX implements token vesting schedules to motivate participants to support projects over the long term, strengthening ecosystems and building active user bases.
Customizable options for projects
The platform allows project owners to customize token sales with adjustable identity verification, pricing, vesting periods, and participation conditions.
Broad community inclusion
LaunchX ensures accessibility for public sales and airdrops while adhering to regional regulatory standards, promoting global project development. With a user base exceeding 45 million, Bitget provides unparalleled exposure for new crypto projects.
First project: Fuel Network (FUEL)
The debut project on LaunchX, Fuel Network (FUEL), has the following subscription details:
Total Allocation: 275,000,000 FUEL
Price: 1 FUEL = 0.02 USDT
Subscription Limit: 5,000 USDT per user
Subscription Period: December 17–19, 2024 (UTC+8)
FUEL/USDT Spot Trading Launch: December 19, 2024, at 18:00 (UTC+8)
With LaunchX, Bitget continues its mission to foster blockchain innovation and build a thriving Web3 ecosystem.
Previously, Bitget announced plans to establish a European regional hub in Lithuania. This strategic move aligns with Bitget's broader efforts to strengthen its presence in the European Union (EU) and comply with emerging regulatory frameworks.
