Bitget Launches Bitcoin Improvement Proposal 1 (BIP1) on Launchpad with BGB and Sunshine Pools
Bitget Launches Bitcoin Improvement Proposal 1 (BIP1) on Launchpad with BGB and Sunshine Pools. Bitget has recently announced the launch of Bitcoin Improvement Proposals 1 (BIP1) on Launchpad, which includes a BGB and Sunshine pool.
BIP1 is a BRC20 token based on the Ordinals protocol, and it represents the first improvement proposal for Bitcoin, symbolizing the continuous growth of the Bitcoin network and highlighting the contributions of BRC20 to the Bitcoin ecosystem.
The launch details for BIP1 on Launchpad include a total supply of 21,000,000 BIP1, with a Launchpad volume of 2,100,000 BIP1, which represents 10% of the total supply.
The BGB pool includes 1,890,000 BIP1, with an exchange rate of 1 BIP1 = 0.1 USDT.
How to participate:
- Sign up for a Bitget account and complete KYC verification.
- Log in on the Launchpad page and use the button to register.
- Hold BGB in an asset account so that theaverage BGB holding volume can be calculated based on the snapshots taken from May 11, 3 PM May 14, 3 PM (UTC+8).
- An average BGB holding volume of at least 2000 BGB is required.
The Sunshine pool, on the other hand, has a volume of 210,000 BIP1, and users who participated in the BGB pool but received less than 1 ticket can take advantage of it.
To participate in the BGB pool, users need to hold an average BGB holding volume of at least 2000 BGB.
Tickets are distributed based on the number of BGB held, with 1 ticket equal to 105 BIP1.
The estimated number of tickets allocated is based on the users’ average BGB holdings, total average holdings of all participating users, and total Launchpad tickets in the BGB pool.
Users need to swap their BGB to BIP1 on the Launchpad page manually after the exchange period starts.
The Sunshine pool rewards will be automatically swapped with BGB, and users can get up to 105 BIP1.
Bitcoin Improvement Proposals 1 (BIP1) Launchpad schedule
| Promotion Phase | Date |
| Snapshot period | May 11, 3 PM May 14, 3 PM (UTC+8) |
| Ticket calculation | May 14, 3 PM May 14, 6 PM (UTC+8) |
| Ticket allocation announcement | May 14, 6 PM (UTC+8) |
| Token Swap | May 14, 6 PM May 15, 2 PM (UTC+8) |
| BIP1 distribution | May 15, 4 PM (UTC+8) |
| BIP1/USDT spot trading launches | May 15, 6 PM (UTC+8) |
About Us
Bitget is a cryptocurrency exchange that offers futures trading and copy trading services to more than 8 million users in over 100 countries and regions.
It aims to provide a secure, one-stop trading solution and inspire individuals to embrace crypto through collaborations with credible partners such as Lionel Messi, Juventus, and PGL.
Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform, according to Coingecko.
Bitget Launches Bitcoin Improvement Proposal 1 (BIP1) on Launchpad with BGB and Sunshine Pools.
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