The market has picked up recently, and many project parties have put the issuance of coins on the agenda, such as Eigenlayer, Layerzero, zkSync... Among many projects, Bitget Wallet's platform coin BWB is what I personally pay more attention to. Of course, there are also interests involved. First, I am a user of Bitget Wallet, and second, I have participated in their BWB points activities before. In this article, I want to objectively analyze the value of BWB.
Before the analysis, here is a wealth code. BWB will conduct an IDO on Bitget Wallet's own Launchpad platform at 18:00 on May 23, with a total of 1 million BWBs and a subscription price of 0.1 U. You can rush into this IDO without blinking, why? Because of BWB's points activity, the cost of BWB you can get by swapping transactions is around 0.12 U. You know this price.
Let's get down to business. Currently, the wallet market is very hot. The top CEXs are all planning to build their own Web3 wallets, such as OKX, Binance, and Bybit. There are also a large number of established wallets, such as MetaMask, Trust Wallet, etc. I have used or experienced almost all of these wallets, but I usually use Bitget Wallet.
There are several reasons: First, the functions are relatively comprehensive. Many wallets claim to be a one-stop Web3 portal. In terms of "one-stop", Bitget Wallet can be said to have done a very good job, because it is not just a single wallet, but a platform that integrates wallets, DEX, on-chain smart quotes, DApp center, NFT market, inscription platform, Launchpad, and coin-earning center. Basically, it can meet all your trading needs, interaction needs, and new issuance needs.
Second, the overall user experience of the product is very good. Bitget Wallet's main focus is on mobile terminals, which I personally agree with. If Crypto is to be adopted on a large scale, it must go the mobile route. If you have to open your computer and connect a plug-in wallet for any interaction or transaction, the threshold is too high for new users, and it is also too inconvenient. Bitget Wallet's mobile terminal product experience is very good. Basically, you can't go back after using it, and you won't want to use a plug-in wallet again.
Third, the trading experience is great. Bitget Wallet is the first wallet with a built-in native DEX. The product is very mature and sophisticated, and it aggregates nearly 100 chains and DEXs. In one sentence, it can be summed up as follows: all the coins you want to trade are here, and you don’t need to find DEX connections for each chain. In addition, it is worth mentioning that they pay attention to the pain points of user transactions. For example, Solana’s transaction congestion a while ago caused many people to be unable to buy the desired coins in time. Their team launched the Solana priority fee, which can help users’ orders to be on the chain as soon as possible. Of course, there are many aspects of this innovation and optimization, and everyone will feel it more deeply after using it.
Back to BWB, let me first give a conclusion. According to the current market situation and the development momentum of Bitget Wallet, the FDV of BWB after its launch is expected to be between 3 billion and 5 billion US dollars, making it the leading coin in the wallet track.
In comparison, the current FDV of Trust Wallet's token TWT is about 1 billion US dollars. To be honest, Trust Wallet's products and development obviously cannot keep up with the pace of the industry. It is not a problem for BWB's FDV to far exceed 1 billion US dollars. Other wallets, MetaMask and Coinbase Wallet, follow the compliance route and are unlikely to issue coins. Although OKX and Binance also have wallets, their strategies and directions are built into the exchange app, and they are unlikely to issue coins. Therefore, among the top wallets, Bitget Wallet's coin issuance will definitely open the ceiling of wallet coins.
It is mentioned above that Bitget Wallet is not just a single wallet, but a platform that integrates wallet, DEX, on-chain smart market, DApp center, NFT market, inscription platform, Launchpad, and coin earning center. To explain more directly, you can understand it as MetaMask + Dextools + Jupiter + Bounce + Galxe. Let's compare it with Jupiter, which was issued this year. It is a DEX + Launchpad, which is equivalent to only having some functions of Bitget Wallet. At present, the FDV of its token JUP is as high as 12 billion, and the circulating market value is 1.6 billion US dollars. Will the value of Bitget Wallet's BWB be low?
There is another key point. Recently, Bitget Wallet released its latest roadmap, setting up a 10 million US dollar ecological fund to build Bitget Onchain Layer, extending the platform's many native functions to become an open and co-built ecosystem. Moreover, BWB is not only the official ecological token of Bitget Wallet, but also the system token of Bitget Onchain Layer.
Bitget Onchain Layer is officially described as an intermediate layer for better interaction between users and the Web3 world. In other words, Bitget Wallet itself is positioned as more than just a wallet, and we cannot view the value of Bitget Wallet and BWB from the perspective of a wallet.
Bitget Wallet has been actively carrying out various airdrop activities, and previously airdropped nearly one million US dollars worth of tokens to BWB points holders. It can be expected that BWB will gain more empowerment and usage scenarios in various activities on the Bitget Wallet platform. In the Bitget Onchain Layer ecosystem, BWB will also be a golden shovel, and its value will be more discovered and recognized as the ecosystem is built.
