Bitget, a prominent cryptocurrency exchange, has launched an exciting airdrop event for ESPORTS tokens, the native cryptocurrency of Yooldo Games. Users can earn a share of 1.86 million ESPORTS tokens by locking up their Bitcoin (BTC) on the Bitget PoolX platform, marking a significant opportunity for participants.
Bitget PoolX Airdrop Details
Bitget's PoolX platform is hosting the ESPORTS token airdrop, allowing users to earn new tokens by locking up existing crypto assets. The event commenced on July 21st and will run until July 28th, 08:00 UTC.
Key details for participation include:
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Lock-up Period: July 21st to July 28th, 08:00 UTC.
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Minimum Lock-up: 0.0001 BTC (approximately $11.86).
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Maximum Lock-up: 20 BTC (approximately $2.37 million).
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Token Distribution: Proportional to the amount of BTC locked by individual users relative to the total BTC locked by all participants.
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Reward Crediting: Tokens will be credited to the user's spot account within five minutes after the lock-up period ends, with full distribution within seven working days.
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Requirements: Participants must complete identity verification and adhere to Bitget's terms and conditions.
Understanding ESPORTS by Yooldo Games
ESPORTS is a utility and governance token for Yooldo Games, a Web3 e-sports platform based in South Korea. The platform empowers users to "play, watch, earn, and participate" in decentralized tournaments, featuring on-chain score verification and automated NFT or token rewards.
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Purpose: ESPORTS serves multiple functions within the Yooldo Games ecosystem:
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Rewarding players.
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Funding online tournaments.
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Enabling DAO voting.
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Covering platform fees, such as entry fees.
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Market Presence: The ESPORTS token officially launched on July 19th, 09:00 UTC, and is available for trading on major exchanges including Binance, MEXC, Gate.io, and Bitget.
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Supply: According to CoinGecko, the project has a maximum supply of 900 million tokens.
Strategic Implications of the Airdrop
This airdrop event represents a strategic move by Bitget to engage its user base and promote the ESPORTS token. By incentivizing users to lock up BTC, Bitget not only supports the Yooldo Games ecosystem but also provides its users with an opportunity to acquire a new and potentially valuable asset. This initiative highlights Bitget's commitment to fostering innovation within the cryptocurrency space and offering diverse engagement opportunities for its users.
Sources
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Bitget users can gain ESPORTS in 1.86m token airdrop by locking up Bitcoin, Crypto News.
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Bitget Launches ESPORTS Token Airdrop Event With 1.86 Million Tokens, AInvest.
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