• Bitget has relaunched its Launchpad project in order to provide promising projects with a powerful fast-tracking mechanism.
• The platform is hosting the token sale of the GameFi Panda Farm project’s BBO utility token, giving interested users the chance to acquire a share of the 1,000,000 utility tokens put up for sale.
• Bitget’s Managing Director Gracy Chen has stated that this partnership is part of their Go Beyond Derivatives strategy and is aimed at providing users with a more in-depth Web3 experience.
Bitget Relaunches Launchpad Project
The tepid restoration of the cryptocurrency market’s key indicators in recent weeks has spurred the leading spot trading Bitget exchange to revive its Launchpad project. The hosting platform launched the token sale of the GameFi Panda Farm project’s BBO utility token on February 16, giving interested users the chance to acquire a share of the 1,000,000 utility tokens put up for sale.
Bitget Launchpad Overview
The Bitget Launchpad was released in February of 2022, showing impressive traction over the next six weeks by yielding up to 29x in ATH for the five early-stage projects listed on it. The Launchpad was put on hold in June of 2022 and is now being redeployed with renewed force as Bitget scales its operations in the cryptocurrency space and is determined to provide promising projects with a powerful fast-tracking mechanism.
GameFi Panda Farm Utility Token Sale
GameFi Panda Farm is the first project to take advantage of this new opportunity provided by Bitget. The platform has already gained some interest among gamers as it gives users the chance to tap into lucrative prize pools. All users willing to participate will have to hold a minimum of 100 Bitget BGB tokens and allocation will be determined based on these tokens held on user accounts. The BBO token will be available for trading on Bitget starting February 20 once all tokens are sold out or allocated according to demand.
Go Beyond Derivatives Strategy
Gracy Chen, managing director at Bitget, has stated that this relaunch marks an important step forward for their exchange and forms part of their Go Beyond Derivatives strategy which aims at expanding beyond spot trading facilities by adding new assets and trading pairs while also supporting early-stage projects that can make an impact within industry standards. William from Panda Farm also stressed his commitment towards this partnership stating that it will open new horizons for development allowing them to tap into new user bases and investor audiences alike.
Conclusion
Bitget has recently risen through ranks due its impressive performance in recent weeks combined with its efforts towards scaling operations within crypto marketspace via launching various initiatives such as launchpads etc . This partnership between bitgets & panda farm shows another effort from bitgets side towards providing its users more depth web 3 experiences .