Bitget Introduces LaunchX: A New Token Launch Platform Featuring Fuel Network as Its First Project

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Dec, Mon, 2024

Bitget Introduces LaunchX: A New Token Launch Platform Featuring Fuel Network as Its First Project

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Bitget Introduces LaunchX: A New Token Launch Platform Featuring Fuel Network as Its First Project

VICTORIA, Seychelles, Dec. 16, 2024 (GLOBE NEWSWIRE) — Bitget, the main cryptocurrency change and Web3 firm, broadcasts the launch of LaunchX, a token launch platform that connects transformative blockchain tasks with the worldwide Web3 neighborhood, enabling efficient early token distribution and adoption. The inaugural venture to debut on LaunchX is Fuel Network (FUEL), a sophisticated blockchain answer that units new requirements for scalability, modularity, and effectivity in decentralized programs.

LaunchX combines strong safety with honest distribution practices, guaranteeing a user-centric atmosphere for token launch and distribution. It helps blockchain tasks by providing entry to Bitget’s huge ecosystem of over 45 million customers and knowledgeable steering via token listings and post-launch progress. The platform empowers builders to deal with innovation whereas offering individuals with the boldness and comfort of a trusted change platform.

As a part of the $FUEL launch, 20% of the whole preliminary provide shall be allotted to the Fuel neighborhood. The FUEL token, with a complete provide of 10 billion, could have 2.75% of its provide accessible on the market via the Bitget LaunchX platform. Eligible Bitget customers assembly KYC and different necessities can take part within the subscription utilizing USDT from December 16 to 19, with a person cap of three,000 USDT per consumer.

Fuel Network represents a breakthrough in blockchain infrastructure. Fuel Ignition is the quickest (>600 TPS) and least costly (<$0.0002 min per transaction). Optimistic rollup on Ethereum and employs superior applied sciences just like the Fuel Virtual Machine (FuelVM) and its proprietary UTXO-based design to supply unprecedented scalability and velocity. Since launch, Fuel Ignition has achieved almost $400 million in whole worth locked (TVL).

Nick Dodson, the CEO and co-founder of Fuel Labs, leads the staff answerable for the primary Stage 2 optimistic rollup, which incorporates consultants in blockchain scalability and Ethereum Layer 2 options. In 2023, the corporate raised $80 million in funding with participation from outstanding traders resembling Blockchain Capital, Stratos, and Maven 11.

“Our focus at Bitget has always been providing the best possible solutions for users and projects. We’re here to support the ongoing wave of crypto innovation and plan to sharpen our products as per the needs of the market. With LaunchX, users will now gain almost instant access to top projects that were previously not easy to find and shortlist. This is the new route to find hidden gems,” stated Gracy Chen, CEO at Bitget.

LaunchX marks a big step ahead in Bitget’s mission to drive world crypto adoption. By prioritizing safety, transparency, and accessibility, the platform goals to offer a seamless and dependable expertise for each tasks and individuals.

For additional details about LaunchX and Fuel Network, 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+ international locations and areas, the Bitget change is dedicated to serving to customers commerce smarter with its pioneering copy buying and selling characteristic and different buying and selling options, whereas providing real-time entry to Bitcoin price, Ethereum price, and different cryptocurrency costs. Formerly referred to as BitKeep, Bitget Wallet is a world-class multi-chain crypto pockets that provides 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 via strategic partnerships, resembling 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 staff), to encourage the worldwide neighborhood to embrace the way forward for cryptocurrency.

Risk Warning: Digital asset costs could fluctuate and expertise worth volatility. Only make investments what you may afford to lose. The worth of your funding could also be impacted and it’s doable that you could be not obtain your monetary objectives or be capable to get well your principal funding. You ought to at all times search impartial monetary recommendation and contemplate your individual monetary expertise and monetary standing. Past efficiency shouldn’t be a dependable measure of future efficiency. Bitget shall not be responsible for any losses chances are you’ll incur. Nothing right here shall be construed as monetary recommendation.

A photograph accompanying this announcement is obtainable at https://www.globenewswire.com/NewsRoom/AttachmentNg/309caeea-0412-44f8-8e9a-93891c0a2e53