- The exclusive listing of SPARKLET on Bitget’s launchpool provides users early access to Upland’s first-ever tradable token.
- This pioneering opportunity arises from a collaborative token generation event (TGE) between Bitget and Upland.
- “The initiative directs Upland’s strong stance towards decentralization,” says Dirk Lueth, CEO at Upland.
Discover the groundbreaking listing of SPARKLET on Bitget and what it means for the future of the metaverse and Web3 trading.
Bitget Announces Exclusive Listing of SPARKLET Token
Victoria, Seychelles, 23rd July, 2024 – Bitget, a renowned cryptocurrency exchange and Web3 company, has unveiled the exclusive listing of Upland’s inaugural tradable token, SPARKLET, on its Launchpool platform. In a historic move, Upland and Bitget have partnered to launch the token generation event (TGE), offering Bitget users priority access to the much-anticipated SPARKLET token.
Starting from 24th July at 13:00 (UTC) until 1st August 2024, users will be able to farm SPARKLET by staking Bitget Token (BGB), with a total prize pool of 7,000,000 SPARKLET tokens up for grabs. Concurrently, the SPARKLET/USDT pair will be listed on the Bitget Spot market, providing robust trading capabilities.
A Strong Partnership with Upland
This development follows the recent announcement of a strategic partnership between Bitget and Upland, which includes the establishment of Bitget’s virtual headquarters within the Upland metaverse. Notably, Bitget has acquired Treasure Island in Upland’s virtual San Francisco, marking the purchase of the last unminted neighborhood that features 888 properties.
Since its inception in 2019, Upland has grown into a leading Web3 platform with over 30,000 daily active players and more than 300,000 unique landowners. Upland has been pivotal in providing the underlying infrastructure for an open, immersive web, encompassing aspects such as identity, liquidity, currency, land, and no-code NFT creation.
Implications for the Web3 Industry
The listing of SPARKLET signifies a crucial step towards decentralization. Spark, Upland’s native utility token, has been essential for various activities including world-building, community projects, NFT minting, and the generation of 3D map NFTs. SPARKLET, which is one-thousandth of a SPARK, will now be tradeable in liquid markets, enhancing Upland’s user engagement and reinforcing its presence in the Web3 space.
“The initiative directs Upland’s strong stance towards decentralization, allowing Spark holders to trade SPARKLET in liquid markets. It also aims to boost Upland’s presence and credibility in the Web3 industry by listing on top-tier exchanges such as Bitget, attracting more users and enhancing the platform’s network effects,” remarks Dirk Lueth, CEO at Upland.
Bitget’s Role in Promoting Emerging Web3 Projects
Gracy Chen, CEO of Bitget, emphasizes the company’s commitment to supporting promising ventures. “At Bitget, our support for crypto gems goes beyond a simple listing. We are dedicated to helping promising projects gain more visibility, users, and partners through our Launchpool, Launchpad, and various educational and reward initiatives. Our collaboration with Upland to create a Bitget-themed metaverse is a mutually beneficial and exciting endeavor. We aim to become the top choice for more emerging projects in the future, aiding them in creating a greater real-life impact,” says Chen.
This exclusive listing not only offers Upland users a new frontier for their SPARKLET airdrops but also sets a precedent for future collaborations between leading Web3 platforms and exchanges like Bitget. Previous successful listings on Bitget’s launchpool include notable projects such as Merlin Chain (MERL), Ethena (ENA), and ZetaChain (ZETA).
Conclusion
The launch of SPARKLET on Bitget’s Launchpool heralds a new era for Upland’s ecosystem and the broader Web3 industry. This initiative underscores the combined efforts of Bitget and Upland to advance decentralization, enhance user engagement, and provide tangible value to the metaverse community. Participants eager to dive into this opportunity can visit the SPARKLET launchpool on Bitget and commence their staking journey effortlessly.
