Bitget to award over $100,000 to celebrate BGB token white paper update

The cryptocurrency exchange Bitget has released an updated version of the white paper for the Bitget Token (BGB). In honour of the event, the platform will award 300,000 BGB ($120,000 at the time of publication). This is reported in the blog of the exchange.

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The promotion runs until April 29, 13:00 (Kyiv/Moscow time). To participate:

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• register on Bitget;

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• purchase tokens BGB;

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• read the updated white paper;

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• answer the questions on the giveaway page.

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To answer one question you will need 10 BGB. The crypto exchange issues one lottery ticket for each correct answer. The maximum number of tickets per user is 50.

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The organizers will select winners at random and announce results on April 29 at 13:05 (Kyiv/Moscow time). The first prize will be up to 60,000 BGB ($24,000).

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BGB is the utility token of Bitget’s ecosystem on the Ethereum blockchain. The exchange offers holders discounts on trading fees and withdrawals, as well as the ability to nominate projects for listing and gain access to them on Launchpad and Launchpool.

At the time of publication, BGB was trading on Bitget at around $0.40. The token ranks among the top 10 centralized-exchange tokens according to CoinGecko in the category with a daily trading volume of more than $10 million.

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On April 27, BGB will be listed on the cryptocurrency exchange Bitfinex. Traders will have access to trading in pairs against the US dollar and the stablecoin Tether (USDT).

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Bitget is a cryptocurrency exchange offering support for spot and futures trading, copy trading, index contracts, as well as P2P and OTC trades.

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Earlier, Bitget and blockchain developer Core DAO entered into a strategic partnership and announced the launch of a $200 million investment fund. The funds will be used to develop the Core ecosystem’s dapps.