The biggest cryptocurrency copy trading exchange in the world, Bitget, has announced the relaunch of its Launchpad platform, which offers early access to promising blockchain projects. On February 16, Panda Farm (BBO), the first fully decentralized GameFi project powered by Arbitrum, will go live on Bitget Launchpad. There will be a total of 1,000,000 BBO utility tokens available for purchase.
Since it was first introduced in February 2022, Bitget’s Launchpad has launched five early-stage projects, with the highest return on investment (ATH) of 29X occurring in the first week of its listing. Launchpad has been suspended since June 2022, but it is being relaunched today due to Bitget’s belief in fresh, carefully chosen tokens and the ongoing recovery of the cryptocurrency market.
Panda Farm, the first GameFi project from Arbitrum, aims to create an entirely on-chain game metaverse. Users who take part in each game and competition can profit from the prize fund. The Foodies Competition is the first game released by Panda Farm, and additional games are anticipated to follow in the coming months.
Users of Bitget who hold at least 100 BGB tokens—native Bitget’s token—will be qualified to participate in the token sale on Launchpad. The amount of BGB that each user holds determines how much is allocated. On February 20, BBO’s trading service on the Bitget spot market launches following the token sale.
Gracy Chen, Managing Director of Bitget, says, “The re-launch of Bitget Launchpad is another major step in our Go Beyond Derivatives strategy. As a leading player in crypto derivatives trading and crypto copy trading, we are heavily building up our spot market this year, in terms of the variety of coins, activities, and overall liquidity. We are happy to support more early-stage blockchain-based projects that can make a real impact in the crypto space, and we are excited to partner with Panda Farm to bring a more innovative Web 3 experience.”
“We are thrilled to announce our partnership with Bitget. Our goal is to provide an innovative and immersive gaming experience to our users, and this partnership will help us expand our reach to a broader range of investors and users. We are looking forward to working with Bitget to create value for our respective communities.” says William, Community contributor of Panda Farm.
With more than 430 coins and 560 trading pairs, Bitget is currently the 12th largest cryptocurrency spot exchange, according to Coinmarketcap. The price of BGB has increased by over 100% over the last seven days, driven by the expansion of the Bitget spot market, which has added over 20 new listings this month.