Bitget announces the launch of a new token issuance platform, LaunchX, with the first project to go live being Fuel Network (FUEL).
(Bitget Protection Fund soared to $643 million in November, coinciding with Bitcoin hitting an all-time high)
(Bitget reports strong growth in the third quarter of 2024, solidifying its position as the world’s fourth-largest cryptocurrency exchange)
This article is a sponsored post, written and provided by Bitget, and does not represent the views of Dynamic Zone, nor does it provide investment advice, or buying or selling recommendations. Please refer to the responsibility warning at the end of the article.
The world’s leading cryptocurrency exchange and Web3 company, Bitget, has announced the launch of LaunchX, a new token issuance platform designed to connect revolutionary blockchain projects with the global Web3 community to achieve efficient early token distribution and adoption.
The first project to go live on LaunchX is Fuel Network (FUEL), an advanced blockchain solution that sets a new standard for scalability, modularity, and efficiency in decentralized systems.
LaunchX combines robust security with a fair distribution mechanism, creating a user-centric environment for token issuance and distribution. The platform supports blockchain projects by providing professional guidance on token listing and development through Bitget’s vast ecosystem (with over 45 million users), allowing developers to focus on technical innovation while participants enjoy the convenience and confidence brought by a trusted exchange platform.
As part of the $FUEL issuance, 20% of the initial total supply will be allocated to the Fuel community. The total supply of FUEL tokens is 10 billion, with 2.75% of the supply to be sold through the Bitget LaunchX platform. Bitget users who meet KYC and other requirements can participate in the purchase using USDT from December 16 to 19.
Fuel Network represents a significant breakthrough in blockchain infrastructure. Fuel Ignition is the fastest (>600 TPS) and lowest cost per transaction (<$0.0002) Optimistic Rollup solution, running on Ethereum and incorporating advanced technologies such as Fuel Virtual Machine (FuelVM) and a proprietary UTXO architecture, providing unprecedented scalability and speed. Since its launch, Fuel Ignition's total value locked (TVL) has reached nearly $4 billion. Fuel Labs, led by Nick Dodson (Fuel Labs CEO and co-founder), focuses on blockchain scalability and Ethereum Layer 2 solutions. In 2023, the company successfully raised $80 million in funding, with investors including Blockchain Capital, Stratos, and Maven 11, among others. Bitget CEO Gracy Chen stated, "Bitget is committed to providing the best solutions for users and projects. We support the wave of crypto innovation and continuously optimize products based on market demand. With LaunchX, users will have quick access to high-quality projects that are hard to find. This is a new way to discover potential projects in the market." The launch of LaunchX symbolizes an important step for Bitget in driving global crypto adoption. The platform upholds security, transparency, and accessibility, aiming to provide a seamless and trustworthy experience for blockchain projects and participants. About Bitget Founded in 2018, Bitget is a leading cryptocurrency exchange platform and Web 3 company worldwide. Currently serving over 100 countries and regions globally, Bitget helps more than 45 million users achieve "smart" trading through various trading solutions like leading copy trading services. Bitget Wallet, formerly BitKeep, is a world-class multi-chain crypto wallet offering a range of Web3 solutions and interactive features, integrating wallet, Swap, NFT marketplace, DApp browser, and more. By collaborating with trusted partners, Bitget encourages individuals to embrace cryptocurrencies, including being the official cryptocurrency partner for top professional football leagues La Liga in East Asia, Southeast Asia, and Latin America, as well as Olympic athlete partners like wrestling world champion Buse Tosun Çavuşoğlu, boxing gold medalist Samet Gümüş, and volleyball national team member İlkin Aydın. ___ Sponsored disclaimer: The content of this article is a promotional article provided by the contributor, and there is no relationship between the contributor and Dynamic Zone, nor does this article represent the views of Dynamic Zone. This article does not intend to provide any investment, asset advice, or legal opinions, and should not be considered as an offer to purchase, sell, or hold assets. Any services, plans, or tools mentioned in the promotional article are for reference only, and the actual content or rules are subject to the announcement or explanation by the contributor. Dynamic Zone is not responsible for any potential risks or losses and reminds readers to carefully verify before making any decisions or actions.