Bitget Launchpool adds Towns Protocol (TOWNS) with over 16M in Token Rewards
Bitget's Towns Protocol Launchpool campaign is offering 16,340,000 TOWNS. in total rewards. Eligible users can participate by locking BGB and TOWNS during the event, which runs from 6 August 2025, 06:00 to 10 August 2025, 06:00 (UTC). In the BGB locking pool, users can lock between 5 and 50,000 BGB, with maximum limits determined by their VIP tier, for a chance to earn a share of 15,215,000 TOWNS. In the TOWNS locking pool, locking a minimum of 110 TOWNS and a maximum of 11,254,000 TOWNS allows users a chance to earn a share of 1,125,000 TOWNS.
Towns Protocol is a decentralized infrastructure designed to power real-time messaging applications on blockchain, effectively serving as the communication layer for Web3. Built on an EVM-compatible L2 chain with smart contracts deployed on Base, it combines decentralized off-chain stream nodes with on-chain logic to enable fully programmable and permissionless communication experiences known as 'Spaces.' These Spaces are customizable and ownable, featuring on-chain memberships, a flexible reputation system, and end-to-end encryption. The Towns Protocol accrues value by collecting fees from these membership sales, as well as from trading and tips exchanged between users. Those fees are collected in ETH and used to offset, via programmatic buy and burn, the rewards the protocol emits for node operators.
Bitget continues to expand its offerings, positioning itself as a leading platform for cryptocurrency trading. The exchange has established a reputation for innovative solutions that empower users to explore crypto within a secure CeDeFi ecosystem. With an extensive selection of over 800 cryptocurrency pairs and a commitment to broaden its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of Towns Protocol into Bitget's portfolio marks a significant step toward expanding its ecosystem by embracing decentralized communication infrastructure, enabling programmable, value-accruing messaging networks that align with the future of on-chain social interaction and community monetization.
For more details on Town Protocol, visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world's most thrilling championships.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: [email protected]
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use .
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f647434c-8898-4843-b5d3-abb921e1636b
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Ahmedabad Plane Crash
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time Business News
2 hours ago
- Time Business News
Can Geopolitical Tensions Push the Bitcoin Price Higher?
Geopolitical tensions are not new in causing turmoil in the world's financial markets. Conflict, trade wars, political instability, etc., are all known to cause massive fluctuations in commodities, fiat currencies, and most recently, digital assets. Bitcoin has become perceived more and more as a global uncertainty hedge in recent years. With conflict areas constantly expanding and diplomatic ties becoming weaker, investors have one question in mind: Can geopolitical tensions drive the bitcoin price to the top? As the bitcoin price has risen to a current value of 113,662.14, the stakes have now become higher than ever before. Conventional investors, hedge funds, and even governments are beginning to treat Bitcoin as more than a speculative asset. This article explores how geopolitical events influence BTC, what historical patterns reveal, and why the next crisis may become a major driver of upward momentum. Bitcoin's initial promise was simple: decentralization and financial freedom. Over time, it matured into an asset class many compare to gold. As political turmoil escalates, the appeal of non-sovereign assets grows. Investors seek safety outside the reach of any single government or central bank. Unlike fiat currencies that weaken during crises, it operates on a fixed supply and transparent issuance schedule. It is not tied to political agendas or national debts. In times of war or financial sanctions, it offers a store of value and a method of cross-border transactions. This independence makes it highly attractive during uncertain times. As global trust in institutions erodes, BTC becomes more than just digital money. It becomes an economic refuge. History offers valuable lessons. BTC gains popularity when the world is unstable. As an example, there were record trading volumes in regional exchanges during the 2022 Russia-Ukraine war. Conflict zones plunged into a rush to exchange their fiat for crypto to save purchasing power. This was also the case in Turkey, Venezuela, and Lebanon during currency collapses. Such responses show that when governments fail to control, citizens resort to decentralized solutions. Even though there is still volatility in prices, the trend is evident. BTC is successful when humanity loses trust in established systems. This repeated behavior shows a growing confidence in its resilience. In traditional finance, gold and U.S. Treasury bonds are considered safe havens. But over the past few years, it has started to join that club. One primary reason is liquidity. When sanctions hit or banking systems freeze, people need alternatives. It offers borderless access to wealth storage and mobility. For this reason, its usage spikes when international tensions rise. Moreover, it is immune to capital controls. It cannot be devalued by a government decision or restricted by foreign policy. This autonomy is extremely valuable during times of global tension. Institutions, too, have noticed Bitcoin's potential role in turbulent times. Significant hedge funds now include it in their risk-off strategies. In times of inflation, war, or market panic, these funds often increase their crypto exposure. This behavior adds a new layer of price support. Not only are retail investors buying during the crisis, but institutions are reinforcing those moves with large capital allocations. The result is stronger price floors and a more rapid recovery during downturns. Conventional stock markets usually decline in times of international chaos. Investors sell risky assets and hold their money in safe havens. There is, however, a more subtle behavior of BTC. When the global markets fall, it tends to fall as well, but rebounds more quickly when it is perceived as a store of value. This gap is an opportunity. Investors who know about the special nature of Bitcoin are employing it to hedge against longer-term crashes. It is becoming attractive as conventional assets lose their grip. Digital assets have become part of a balanced portfolio. This was unheard of only five years ago. Nowadays, a much larger number of financial planners view exposure to BTC as a hedge against economic recessions, as well as geopolitical shocks. Although Bitcoin is one of the first to react to the global tensions, other digital assets also respond to them. Coins that have high utility or are borderless will do well when there is uncertainty. For example, the XRP price saw notable activity during legal and regulatory developments. Being a token of international settlements, it has practical applications under financial isolation or sanctions. These circumstances are the same as in geopolitical crises. Even though Bitcoin is the most influential market force, other coins that have a similar purpose in cross-border finance tend to follow the same trend. This increases the possibilities of a broader crypto adoption in the face of global uncertainty. Geopolitical tensions are no longer independent of each other. They spill over into every financial system. Bitcoin is not only an investment in this interconnected world. It is becoming a financial instrument of liberation, mobility, and safety. With the increasing integration of crypto into financial systems, global policy decisions now consider digital assets. Central banks track their movement. Governments debate regulation. Even tech platforms explore crypto payment layers. This institutional awareness builds a stronger case for long-term adoption. While volatility remains, the foundation is firming. The more unstable the world becomes, the more relevant Bitcoin grows. Another essential angle is Bitcoin's relation to the U.S. dollar. During times of rising inflation or interest rate adjustments, the value of assets can change rapidly. Currently, the bitcoin price USD reflects investor sentiment in both global and U.S.-based markets. As dollar strength shifts due to economic or political factors, crypto valuations often move in tandem. This correlation becomes even more significant during international crises involving the U.S. Can geopolitical tensions boost the bitcoin price? There is a strong indication that the answer is yes. The world is becoming unstable, and this raises interest in decentralized and scarce assets. The BTC and XRP price USD is designed so that it flourishes when the old systems fail. It is an unreliable choice when times are uncertain because of its usefulness, autonomy, and safety. TIME BUSINESS NEWS
The Verge
2 hours ago
- The Verge
What is it really like to go off the rails with ChatGPT?
From ChatGPT to Gemini: how AI is rewriting the internet See all Stories Posted Aug 9, 2025 at 3:09 PM UTC Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Richard Lawler Posts from this author will be added to your daily email digest and your homepage feed. See All by Richard Lawler Posts from this topic will be added to your daily email digest and your homepage feed. See All AI Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All OpenAI
Yahoo
3 hours ago
- Yahoo
3 Reasons to Buy Bitcoin Before 2026
Key Points Improving regulatory clarity in 2025 is making Bitcoin more attractive to mainstream investors. Bitcoin's fixed supply strengthens its appeal as an inflation-hedging "digital gold" asset. A small Bitcoin investment could offer portfolio diversification, but keep your stake modest in case the skeptics turn out to be right. 10 stocks we like better than Bitcoin › Cryptocurrencies don't always make sense. It may seem silly to buy digital coins that are traded on a very expensive global network of number-crunching computers. Legendary investor Warren Buffett doesn't see any real-world value in Bitcoin (CRYPTO: BTC) at all, because the darn thing doesn't actually make anything or provide a service. And besides all that, Bitcoin will likely never get back to the skyrocketing gains seen in the early years. So I completely understand if you're skeptical about Bitcoin and other cryptocurrencies in 2025. But the times, they are a-changin'. You may want to set up a small Bitcoin stake as part of a larger, diversified investment portfolio, preferably before the end of the year. Here are three interconnected reasons why. 1. First and foremost: Regulatory progress One of the biggest hurdles for cryptocurrencies has always been the murky legal landscape. Without a clear legal framework for buying, trading, and owning cryptocurrencies, large investors like billionaires and financial institutions are unlikely to enter this market. That's bad news for the Bitcoin community's ambition of becoming a digital version of wealth-storing gold. Hold those thoughts; I'll get back to them in a minute. But in 2025, there is finally some meaningful progress as governments and regulators clarify the rules for buying, selling, and holding Bitcoin. The Trump administration is not only exploring firm crypto rules, but also set up a Strategic Bitcoin Reserve and a United States Digital Asset Stockpile to manage cryptocurrencies under a federal banner. This new transparency is helping to tame the wild west reputation of crypto and giving investors more confidence that they're operating on solid ground. 2. Result: Bitcoin is becoming a better "digital gold" Let's get back to the wealth-storage train of thought. With the regulatory fog lifting, Bitcoin's original pitch as "digital gold" is starting to look a lot more credible. The asset will never have more than 21 million coins on the market, and 19.9 million of them have already been created. This fixed supply and Bitcoin's decentralized design have always made it attractive during periods of inflation or currency turmoil. Now, with official recognition and improving oversight, it's easier to see Bitcoin as a legitimate long-term store of value -- one that isn't just for tech enthusiasts or risk-takers, but for anyone looking to diversify their portfolio. For example, noted growth investor Cathie Wood noted that the Bitcoin supply is now growing slower than the amount of new physical gold mined each year. Therefore, Wood sees Bitcoin as a better inflation hedge than gold bullion, and suggests holding more Bitcoin than gold in a risk-hedged and diversified investment portfolio. 3. Last but not least: Clearer rules inspire large-scale investors And that brings me back to the idea of large-scale investors motivating any asset's long-term price moves -- including Bitcoin's. When the rules are clear, the big players feel more comfortable joining the game. In fact, they may have felt legally obliged to leave Bitcoin alone until the trading manual cleared up. In 2025, that's exactly what's happening. Pension funds, insurance companies, and other institutional investors -- once worried about regulatory uncertainty -- are beginning to allocate capital to Bitcoin. The presence of Bitcoin-based exchange-traded funds (ETFs) makes a big difference, and the leading iShares Bitcoin Trust ETF (NASDAQ: IBIT) already has $85 billion of assets under management. That's a record-breaking growth story, just 19 months after the Securities and Exchange Commission (SEC) approved the first 11 spot Bitcoin ETFs. The institutional investor participation boosts market stability and also signals growing mainstream acceptance. And that starts the tick-tock motion of a financial flywheel -- broader market acceptance drives Bitcoin prices higher, which throws more fuel on the digital asset's marketing fires. So the pieces of the Bitcoin puzzle are coming together in 2025. I can't guarantee a smooth ride to the moon, but it looks like a sensible idea to include at least a little bit of Bitcoin in your long-term portfolio. Whether you buy the cryptocurrency directly or rely on ETFs like the easily available iShares fund, you don't have to go all-in. Just a dab could do a lot of good, as long as the bullish Bitcoin trends I see today continue to play out. And I think starting to get in on Bitcoin before the calendar turns to 2026 is a good idea. Keep it small enough that you'll be just fine if Buffett's Bitcoin skepticism turns out to be more accurate than Wood's bullish view. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Anders Bylund has positions in Bitcoin and iShares Bitcoin Trust. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. 3 Reasons to Buy Bitcoin Before 2026 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
