Bitget introduces Sparklet as the inaugural tradable token from Upland Metaverse on Launchpool

Bitget, the top crypto exchange has announced the exclusive listing of Upland’s first tradable token, SPARKLET, on its Launchpool. This collaboration offers Bitget users priority access to the new token.

The SPARKLET token generation event (TGE) begins on 24th July at 13:00 (UTC) and ends on 1st August 2024. Participants can stake Bitget Token (BGB) to earn from a prize pool of 7,000,000 SPARKLET tokens. The SPARKLET/USDT trading pair will also be available on Bitget’s Spot market simultaneously.

This development follows Bitget’s partnership with Upland, which includes creating Bitget’s virtual headquarters in Upland’s metaverse and acquiring Treasure Island in San Francisco.

Upland is a leading Web3 platform with over 30,000 daily active players, 300,000 unique landowners, and more than 6,000,000 NFT sales. Upland has evolved into a Layer 1 metaverse, providing the foundational infrastructure for an open, immersive web. This includes identity, liquidity, currency, land, no-code NFT creation, fiat on/off ramps, and governance.

Spark, Upland’s native utility token, is essential for world-building, community projects, and NFT production. SPARKLET, representing one-thousandth of a Spark, was distributed to users in May 2024 and has now been migrated to Ethereum.

Bitget’s CEO Gracy Chen expressed that the company is dedicated to helping promising projects gain more visibility, users, and partners through their Launchpool, Launchpad, and various educational and reward initiatives.

The listing of SPARKLET on Bitget’s Launchpool gives users early access to Upland’s token and allows Upland’s users to trade their SPARKLET airdrops on Bitget’s platform. Previous projects listed on Bitget’s Launchpool include Merlin Chain (MERL), Ethena (ENA), and ZetaChain (ZETA).

Bitget’s recent listing of Upland’s SPARKLET token on its Launchpool is a strategic move to broaden its portfolio beyond derivatives. This initiative aligns with Bitget’s focus on diversifying its offerings by including a range of promising coins from sectors such as Real-World Assets (RWA), BRC20, SocialFi, GameFi, and AI.

The platform’s Innovation Zones have played a crucial role in providing users with early access to emerging tokens, thereby increasing their exposure in the cryptocurrency market. This approach has helped Bitget steadily grow its market share in both spot and derivatives trading among centralized exchanges.

Bitget has become one of the top 10 crypto spot trading platforms, offering over 800 coins and more than 900 trading pairs. The platform includes tokens from major ecosystems such as Ethereum, Solana, and Base, providing its users with opportunities to invest in popular and trending projects.