Bitget Wallet has launched the new on-chain trading contest NewDegen 2023, with a 100,000 USDT prize pool for traders. The contest will not take place on the famous crypto-exchange, but on Bitget Swap’s DEX (decentralized exchange).
Bitget Wallet of the crypto-exchange and the new NewDegen trading contest with a 100,000 USDT prize pool
Bitget Wallet, a leading multi-chain decentralized wallet formerly known as BitKeep Wallet, has launched a new on-chain NewDegen 2023 trading contest.
“Do you want to experience the adrenaline-pumping world of Web3 Degen trading? The NewDegen 2023 on-chain trading competition is now underway! Get the highest returns and achieve victory!”
Basically, from 19 October to 18 November, Bitget welcomes Web3 enthusiasts to the NewDegen 2023 tournament.
Specifically, instead of the famous crypto-exchange Bitget, participants will be able to use Bitget Swap, the decentralized exchange (DEX) integrated into the Bitget Wallet platform, and the cross-chain aggregator.
Not only that, up for grabs for traders participating in the tournament is a prize pool of 100,000 USDT and the chance to earn exclusive SBT badges at the same time.
For the company, NewDegen 2023 is a testament to the growth of the DeFi ecosystem, a celebration of Bitget Wallet’s evolution, and a tribute to the indomitable spirit of DeFi enthusiasts around the world.
Bitget Wallet of the crypto-exchange and the contest on the integrated DEX
Bitget is famous for being the leading crypto-exchange in copy-trading, but this platform is a CEX and therefore centralized.
NewDegen’s current competition, on the other hand, wants to promote Decentralized Finance (or DeFi), which is why Bitget Swap’s DEX, integrated into Bitget Wallet, is used.
In this regard, Bitget Wallet CEO Karry commented as follows:
“DeFi, from its inception in 2018 to its massive growth spurt in 2020 and its subsequent maturation in 2021, stands as a testament to its revolutionary role in the crypto world. It’s not just a trend; it’s the driving force that’s pushing the boundaries of blockchain technology.”
Either way, participants in Bitget’s signature competition can be individuals or teams or both, with different evaluation metrics applied to each category.
In the individual competition, participants will be able to win a portion of the USDT 50,000 prize pool. Top performers will also have a chance to win “SmartMoney” or “GemHunter” prizes, and the top three participants in each category will be eligible to receive significant prizes and exclusive SBT medals.
For those who prefer team competition, the prizes earned by the team will be distributed among team members. Teams can compete for their share of a 40,000 USDT prize pool and exclusive SBT medals, with prizes awarded based on team size and cumulative trading volume.
CHZ’s launch on the Chiliz Chain
Recently, the crypto-exchange Bitget announced that it will join the launch of Chiliz (CHZ) on the Chiliz Chain.
Basically, Bitget will make available CHZ deposits that “travel” directly on the Chiliz blockchain.
Not only that, the present support for the CHZ crypto will soon be accompanied by the new availability in the future to also withdraw directly using the Chiliz blockchain.
