Latest news with #Launchpool
Finextra
27-05-2025
- Business
- Finextra
Bitget launches yield-bearing stablecoin asset
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of BGUSD, a yield-bearing stable asset certificate designed to enhance capital efficiency and provide passive income opportunities for users worldwide. 0 BGUSD is fully integrated into the platform's trading and wealth management infrastructure, offering a multifaceted utility layer backed by real-world assets. BGUSD is redeemable for USDC at a 1:1 ratio and can be subscribed using USDC or USDT. Holding BGUSD provides users with an annualized yield starting at 4%, credited daily to their spot accounts based on their minimum daily balance. For the first 30 days following launch, a promotional APY of 5% will apply. The asset derives its yield from a diversified basket of tier 1 tokenized real-world assets, including high-grade money market funds and tokenized US Treasury products. This disciplined yield structure is supported by a diversified asset allocation, institutional-grade infrastructure, and partnerships with multiple leading tokenization service providers, including Superstate (via their tokenized treasury fund USTB). "At Bitget, our mission has always been to prioritize our users' needs — whether they come from the crypto-native community, institutional circles, or traditional finance. With BGUSD, we are delivering a solution that bridges the best of both worlds: the transparency and innovation of crypto with the stability and yield opportunities traditionally found in real-world assets. This launch is another step in empowering our global users to achieve smarter, more resilient portfolio growth," said Gracy Chen, CEO at Bitget. This structure positions BGUSD as a secure, yield-generating alternative within the platform, minimizing exposure to crypto market volatility while maintaining full liquidity through redemption options. Users can opt for instant redemptions, fulfilled from Bitget's reserve pool, or standard redemptions with settlement within three business days. Subscription and redemption fees are fixed at 0.1%. More than a tool for preservation, BGUSD is built for active deployment and fully supports Bitget's broader ecosystem. It can be used as lending collaterals, futures margin, Launchpool, and PoolX. The asset's full-scenario usability contributes to enhanced capital retention and supports platform-level strategies aimed at generating stable, risk-adjusted returns. Through self-managed allocation and collaborations with reputable financial institutions, the product ensures diversification and mitigates concentration risk. By bridging traditional finance instruments with on-chain accessibility, BGUSD delivers a resilient solution in contrast to existing offerings, combining stable returns with full transparency.
Business Upturn
27-05-2025
- Business
- Business Upturn
Bitget Expands into Real-World Assets with BGUSD, Offering Daily Yields and High Liquidity
VICTORIA, Seychelles, May 27, 2025 (GLOBE NEWSWIRE) — Bitget , the leading cryptocurrency exchange and Web3 company, has announced the launch of BGUSD, a yield-bearing stable asset certificate designed to enhance capital efficiency and provide passive income opportunities for users worldwide. BGUSD is fully integrated into the platform's trading and wealth management infrastructure, offering a multifaceted utility layer backed by real-world assets. BGUSD is redeemable for USDC at a 1:1 ratio and can be subscribed using USDC or USDT. Holding BGUSD provides users with an annualized yield starting at 4%, credited daily to their spot accounts based on their minimum daily balance. For the first 30 days following launch, a promotional APY of 5% will apply. The asset derives its yield from a diversified basket of tier 1 tokenized real-world assets, including high-grade money market funds and tokenized US Treasury products. This disciplined yield structure is supported by a diversified asset allocation, institutional-grade infrastructure, and partnerships with multiple leading tokenization service providers, including Superstate (via their tokenized treasury fund USTB ). 'At Bitget, our mission has always been to prioritize our users' needs — whether they come from the crypto-native community, institutional circles, or traditional finance. With BGUSD, we are delivering a solution that bridges the best of both worlds: the transparency and innovation of crypto with the stability and yield opportunities traditionally found in real-world assets. We've built BGUSD to unlock passive income and make yield generation as seamless as holding a stablecoin. This launch is a new step in how we connect traditional finance's strengths with the agility of Web3 — and it's just the beginning,' said Gracy Chen, CEO at Bitget. This structure positions BGUSD as a secure, yield-generating alternative within the platform, minimizing exposure to crypto market volatility while maintaining full liquidity through redemption options. Users can opt for instant redemptions, fulfilled from Bitget's reserve pool, or standard redemptions with settlement within three business days. Subscription and redemption fees are fixed at 0.1%. More than a tool for preservation, BGUSD is built for active deployment and fully supports Bitget's broader ecosystem. It can be used as lending collaterals, futures margin, Launchpool, and PoolX. The asset's full-scenario usability contributes to enhanced capital retention and supports platform-level strategies aimed at generating stable, risk-adjusted returns. Through self-managed allocation and collaborations with reputable financial institutions, the product ensures diversification and mitigates concentration risk. By bridging traditional finance instruments with on-chain accessibility, BGUSD delivers a resilient solution in contrast to existing offerings, combining stable returns with full transparency. For more information on BGUSD, visit here . About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 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. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of 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, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. 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 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Crypto Insight
16-05-2025
- Business
- Crypto Insight
Binance revamps Launchpool, streamlines the BNB experience
By reducing friction on Launchpool participation and BNB benefits, Binance aims to create a smoother experience for both new and seasoned crypto participants. Last year, nearly 19 out of every 20 dollars in exchange-hosted airdrops flowed through global crypto exchange Binance — 94% of the $2.7 billion total, according to CoinMarketCap. Much of that windfall reached BNB holders, who tapped 21 Launchpool campaigns worth $1.75 billion without paying trading fees or leaving the app. Now Binance is tightening the feedback loop even further: a rebuilt Launchpool dashboard and an all-in-one BNB utility page bring staking, real-time rewards and historical yield data under one tap. For users, the update turns what was once a multi-tab treasure hunt into a single screen; for Binance, it reinforces the exchange's formula of high-quality listings (a 0 % delisting rate on 77 tokens) matched with friction-free access to fresh incentives. Hassle-free staking and airdrops Launchpool events on Binance have long been a draw for those seeking direct exposure to emerging projects. Throughout 2024, the exchange hosted 21 Launchpool events, distributing over $1.75 billion in tokens. However, for many participants, the process of staking BNB, keeping track of allocation, and then hunting down claim periods could feel disjointed. The reworked Launchpool interface aims to change that by centralizing these steps under one streamlined dashboard, with integrated support for BNB staking, airdrop monitoring and push notifications for upcoming or expiring pools. Now, participants can subscribe to BNB Simple Earn products directly from the Launchpool page, seeing real-time token airdrop allocations and locked BNB positions in a single view. The design also adds a quick-start FAQ and improved navigation, leaning on the idea that many users prefer in-app prompts over sifting through external resources. BNB at the center BNB plays a central role in Binance's reward ecosystem, serving as the key asset for participating in Launchpool, Megadrop, and HODLer airdrops. For users looking to access these opportunities, holding BNB is the entry point. The redesign of the dedicated BNB utility page consolidates each token's various perks — from trading fee discounts and VIP privileges to real-time airdrop opportunities. BNB functions as a gateway to new listings, reduced fees and exclusive promotions, like participation in events like Launchpool, Megadrop and HODLer Airdrops. Users holding BNB can combine price appreciation with additional rewards from these ecosystem programs. Rather than scattering these details across multiple sections, the updated page lays out how BNB interacts with each program, offers a look at past distributions and highlights ongoing reward opportunities. Interested parties can see more details about the token's performance metrics and utility in Binance's internal analysis article, 'BNB: The Utility Token That Pays to Hold.' Binance in numbers These changes also arrive amid Binance's impressive track record in token distribution and listing standards. According to CoinMarketCap's recent report 'Examining Token Listings on CEXes,' Binance leads the airdrop scene, accounting for 94% of the total $2.7 billion in launchpool and airdrop rewards distributed across exchanges. In 2024, Binance rewarded $2.6 billion to its users, underlining its prominent presence in the space. The same report notes that Binance's listing standards maintain a 0% delisting rate for all 77 tokens listed in 2023 and 2024, reflecting a commitment to quality that helps reduce investor risk. By combining a proven track record in token distribution with more intuitive navigation, Binance showcases how removing barriers ultimately encourages deeper participation and signals where the broader market is headed next. Source:
Cision Canada
08-05-2025
- Business
- Cision Canada
MEXC Announces Listing of Shardeum (SHM) with 72,000 SHM and 150,000 USDT in Bonuses
VICTORIA, Seychelles, May 8, 2025 /CNW/ -- MEXC, a leading global cryptocurrency exchange, announces that it will list Shardeum (SHM) in the Innovation Zone on May 8, 2025 (UTC). To celebrate this significant addition to the exchange, MEXC has launched three exclusive events with a combined prize pool of 72,000 SHM and 150,000 USDT. Shardeum is an EVM-compatible, autoscaling blockchain designed with dynamic state sharding to ensure permanently low gas fees while maintaining full decentralization and robust security. Shardeum is on a mission to facilitate an affordable blockchain ecosystem with sustainably low gas fees. The project has secured over $31 million in funding with backing from leading investors, including Struck Crypto, Arrington Capital, Big Brain Holdings, Spartan Group, Amber Group, Foresight Ventures, Jane Street, and more. $SHM is the native token of the Shardeum ecosystem. It serves both utility and governance purposes, including fee payments, validator staking, and on-chain governance. It plays a vital role in the platform's consensus mechanism, aligning incentives and securing the network to support sustainable Web3 innovation. To celebrate the listing, MEXC has launched three events for users: Event 1: Shardeum (SHM) Launchpool - Stake USDT & MX to Share 63,360 SHM From May 2, 11:00 to May 4, 11:00, 2025 (UTC), users can stake USDT or MX on MEXC Launchpool to earn a share of 63,360 SHM. This initiative provides early access to SHM through token staking. Event 2: Invite New Users & Share 8,640 SHM Users can earn 8 SHM for each new user they invite who registers, deposits at least 100 USDT, and participates in the Launchpool event. Each participant can invite up to 20 users and earn a maximum of 160 SHM. Rewards will be distributed on a first-come, first-served basis. Event 3: Join Airdrop+ to Share 150,000 USDT Users can participate in this event from May 2, 11:00 to May 16, 11:00, 2025 (UTC), and enjoy the following benefits: Benefit 1: Deposit and share 72,000 USDT in Futures bonus (New user exclusive) Benefit 2: Spot Challenge — Trade to share 10,000 USDT in Futures bonuses (For all users) Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonuses (For all users) Benefit 4: Invite new users and share 18,000 USDT in Futures bonuses (For all users) MEXC has established itself as an industry leader by consistently providing users with early access to promising crypto projects. According to the latest TokenInsight report, from November 1, 2024, to February 15, 2025, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, MEXC has listed more than 3,000 digital assets. Moving forward, MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape. For full event details and participation rules, please visit here. About MEXC Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto." Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
Globe and Mail
09-04-2025
- Business
- Globe and Mail
Bitget Token (BGB) Burn Model Updated with First Quarterly Burn Exceeding 30 Million Tokens
VICTORIA, Seychelles, April 09, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has announced a significant update to the burn mechanism of Bitget Token (BGB). This enhancement introduces a utility-based model that ties BGB's quarterly burn amount to its on-chain usage, signifying the token's evolution towards higher transparency, compliance, and sustainable token value. To better reflect the growing integration of BGB across centralized and decentralized ecosystems, the new burn mechanism links quarterly burn volumes to the amount of BGB used for on-chain gas fees through Bitget Wallet's GetGas accounts. By anchoring the burn to real usage, the model facilitates BGB's transformation as a key asset within Web3 and real-world applications. The burn formula accounts for BGB's usage as gas fees, quarterly average price, and predefined constants to ensure a dynamic and verifiable process. The first quarterly burn under this new mechanism has now been calculated. In Q1 2025, 6,943.63 BGB were topped up in Bitget Wallet's GetGas accounts for on-chain gas fee usage. Based on the new formula, a total of 30,006,905 BGB will be burnt in this quarter. All data related to the burn — including transaction records and wallet addresses — are publicly accessible on-chain to ensure full transparency. 'BGB is becoming a vital bridge between centralized and decentralized ecosystems. By linking its burn mechanism to actual on-chain utility, BGB's quarterly burn amount can evolve with real usage. This update incentivizes adoption and enables transparent and sustainable tokenomics,' said Gracy Chen, CEO of Bitget. 'As BGB continues to expand its role in on-chain ecosystems, a more sustainable burn mechanism can be expected.' Bitget Token (BGB) is the utility token that fuels the entire Bitget ecosystem, spanning both its centralized exchange and decentralized wallet. BGB can be staked to earn passive income or qualify for popular token airdrops via Launchpool and PoolX. It also unlocks early access to high-potential Web3 projects through Launchpad and LaunchX. On-chain, BGB is used to cover multi-chain gas fees in Bitget Wallet. Holding BGB grants users exclusive perks such as VIP-level upgrades and profit-sharing opportunities for elite traders. More than just a token, BGB is a gateway for users to engage with, influence, and grow alongside the Bitget ecosystem. Earlier this year, the BGB ecosystem was strengthened by permanently burning 800 million team-held tokens, representing 40% of the total supply. Following this burn in January 2025, the total supply was reduced to 1.2 billion, with 100% now in circulation. Launched in July 2021 at an initial price of 0.0585 USDT, BGB reached an all-time high of 8.5 USDT in December 2024 — delivering over 100x in cumulative gains. According to CoinMarketCap, it now ranks among the top three CEX native tokens by market cap and is listed as a top 30 crypto asset. For more information about the BGB burn, visit this link. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 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. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of 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, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For media inquiries, please contact: media@ 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.
