FUEL Launchpad on Bitget
Bitget has announced the launchpad for its new FUEL token, aimed at supporting promising crypto projects. Participants will be able to purchase tokens at an early stage using a mechanism that involves pre-calculating average Bitget Token (BGB) holdings or depositing funds in USDT.
By the way, Bitget is launching its first project within LaunchX – an analogue of Bybit Launchpad, but with even more capabilities!
Highlights:
1. Participation Requirements:
- Minimum balance of 2,000 BGB at the time of balance snapshots or USDT deposit into the relevant pool.
- KYC required to participate.
2. Token Distribution:
- Two separate pools for BGB and USDT.
- The maximum quota per participant in the BGB pool is 50,000 tokens, and in the USDT pool is 25,000 tokens.
3. Pricing and Calculations:
- For BGB pool participants, the final price is determined after the snapshot period is complete.
- In the USDT pool, the fixed price is $0.15 per token.
About the project:
- Valuation: $1B
- Total issuance: 10B tokens
- Investors: Top Tier-1 funds
- Investment volume: $81.5M
Token Sale Parameters:
- Presale Price: $0.02
- Maximum Allocation Per Account: $5000
- Total Sale Limit: $5.5M
- Token Unlock: 100% during TGE
- Tokens on Sale: 275M
Key dates:
- Subscription starts: 12/16/24 at 10:00 PM (Kyiv time)
- Settlement stage: 12/18/24 at 10:00 PM (Kyiv time)
- Token accrual: 12/19/24 at 6:00 AM (Kyiv time)
How it works:
Subscription works according to the standard scheme, as on Bitget Web3 Launchpad or Bybit Launchpad:
You deposit the desired amount, and your allocation is calculated according to the formula:
your_share / total_amount × prize_pool.
The maximum allocation is $5000.
Potential: Possible x5 on investment! This could be a breakthrough for Bitget.
This launchpad aims to attract new users and stimulate activity on the platform. The FUEL token can be a profitable investment for early adopters who want to support promising projects.