Bitcoin News Today: Bitget Launches ESPORTS Token Airdrop Event With 1.86 Million Tokens

Bitget, a leading cryptocurrency exchange, has launched an airdrop event for ESPORTS tokens, the native cryptocurrency of Yooldo Games. The event, which started on July 21 and will run until July 28, allows users to earn a portion of the 1.86 million ESPORTS tokens by locking up their Bitcoin (BTC) on the Bitget PoolX platform. This initiative marks the debut of Yooldo Games on Bitget PoolX, a platform that enables users to lock their crypto assets in designated pools to earn airdrops of popular or new tokens.

To participate in the airdrop, users must lock up a minimum of 0.0001 BTC, currently valued at $11.86, and a maximum of 20 BTC, equivalent to approximately $2.37 million. The amount of ESPORTS tokens a user can earn is proportional to the amount of BTC they lock up relative to the total BTC locked by all participants. After the lock-up period ends, the tokens will be credited to the user’s spot account within five minutes, with rewards distributed within seven working days after the event concludes.

ESPORTS is a utility and governance token for the web3 e-sports platform Yooldo Games. The token enables users to "play, watch, earn, and participate" in decentralized tournaments, featuring on-chain score verification and automated NFT or token rewards. ESPORTS serves multiple purposes, including rewarding players, funding online tournaments, enabling DAO voting, and covering platform fees. It is available for trading on major exchanges, including Binance, MEXC, Gate.io, and Bitget.

This airdrop event is a strategic move by Bitget to engage its user base and promote the ESPORTS token. By locking up BTC, users not only support the Yooldo Games ecosystem but also have the opportunity to earn a valuable asset. This initiative underscores Bitget's commitment to fostering innovation in the cryptocurrency space and providing users with diverse opportunities to engage with new projects.