Bitget Lists Upland's SPARKLET Token on Its Launchpool, Marking a New Milestone in the Partnership Between the Two Platforms

Bitget, a leading cryptocurrency exchange, has announced the exclusive listing of Upland's first tradable token, SPARKLET, on its Launchpool.

Cryptocurrency exchange Bitget has announced the listing of Upland’s first tradable token, SPARKLET, on its Launchpool. This collaboration provides Bitget users priority access to the new token, continuing the partnership between the two platforms.

The SPARKLET token generation event (TGE) will begin on July 24th at 13:00 (UTC) and will conclude on August 1st, 2024. During this period, 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 become available on Bitget’s Spot market.

This development is part of a broader partnership between Bitget and Upland, which includes the creation of Bitget’s virtual headquarters in Upland’s metaverse and the acquisition of Treasure Island in San Francisco, further integrating physical and digital realities.

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

The introduction of SPARKLET, which is equivalent to one-thousandth of Upland’s native utility token Spark, adds to Upland’s ecosystem. Initially distributed to users in May 2024, SPARKLET has been migrated to the Ethereum blockchain. Within Upland, Spark is crucial for world-building, community initiatives, and NFT production.

Gracy Chen, CEO of Bitget, highlighted the company’s mission to nurture promising projects through their Launchpool, Launchpad, and various educational and reward initiatives. The listing of SPARKLET on Bitget’s Launchpool provides users early access to Upland’s token and enables Upland’s users to trade their SPARKLET airdrops on Bitget’s platform. Past projects listed on Bitget’s Launchpool include Merlin Chain (MERL), Ethena (ENA), and ZetaChain (ZETA).

Bitget’s strategic listing of Upland’s SPARKLET token aligns with the exchange’s goal of expanding its portfolio beyond derivatives. This move is part of Bitget’s strategy to diversify its offerings, including promising coins from sectors like Real-World Assets (RWA), BRC20, SocialFi, GameFi, and AI.

Bitget’s Innovation Zones have been crucial in providing users early access to emerging tokens, boosting their exposure in the cryptocurrency market. This approach has contributed to Bitget’s steady growth in market share for both spot and derivatives trading among centralized exchanges.

Currently, Bitget ranks among the top 10 crypto spot trading platforms, offering over 800 coins and more than 900 trading pairs. The platform features tokens from major ecosystems, including Ethereum, Solana, and Base, presenting its users with vast opportunities to invest in popular and trending projects.