Bitget Introduces Trade to Mine Promotion, Giving Away All Fees to Traders - Chainwire

27Apr

Bitget Introduces Trade to Mine Promotion, Giving Away All Fees to Traders

Victoria, Seychelles, April 27th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced to upgrade its Zero-Fee Campaign to Trade to Mine Promotion. This new initiative incentivizes users with Bitget Token (BGB) for trading BTC/USDT and ETH/USDT in the spot market. Daily transaction fees generated by these two pairs will be returned to traders in the form of BGB tokens, and the event will go live on 28th April and end on 20th May, 2024.

The distribution of rewards will be based on the volume of spot transactions in BTC/USDT and ETH/USDT pairs completed the previous day. To provide a better advantage to new users, API transactions, sub-accounts, institutional users, and market maker accounts are excluded from this program.

The total reward pool is directly correlated to the total handling fees collected from eligible BTC/USDT and ETH/USDT transactions, ensuring a fair distribution of rewards among participants. Users can expect the reward amount to be calculated based on the previous day’s data, which will be updated daily at 8:30 pm UTC.

To claim rewards, users can participate by visiting the campaign. Each participant can potentially earn up to a maximum of 500 BGB per day. All unclaimed rewards after the event’s conclusion will be automatically distributed to users’ spot accounts within three days.

For more information on participating, users can visit here.

This isn’t the first time Bitget has given back to its community. In response to the recent all-time highs of Bitcoin and Ethereum, along with major events like the Bitcoin Halving and Ethereum’s Dencun Upgrade, Bitget introduced zero fees on BTC and ETH transactions. This strategic campaign made crypto trading more accessible and affordable for Bitget users. By eliminating trading costs, Bitget aims to encourage broader participation and ease entry for new traders and investors into the crypto space.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.