Bitget Lists ZORA on Launchpool, Offering 26.83M ZORA Rewards

Bitget, a prominent cryptocurrency exchange, has announced the listing of the Launchpool project ZORA. This initiative allows users to stake BGB and ZORA tokens to share a total reward pool of 26.83 million ZORA coins. The lock-up period for this project is scheduled from 21:00 on April 23rd to 21:00 on April 28th (UTC+8).

This Launchpool project features two distinct lock-up pools. The BGB Lock-up Pool has a normal user pledge limit of 5,000 BGB and a VIP user pledge limit of 30,000 BGB, with a total reward pool of 23.497 million ZORA. The ZORA Lock-up Pool has a pledge limit of 8 million ZORA, with a total reward pool of 3.333 million ZORA. This initiative is designed to incentivize users to participate in the ZORA ecosystem by staking their tokens and earning rewards.

Zora Network is an Ethereum-based Layer 2 blockchain solution specifically designed for creators, artists, and brands to build an NFT-centric ecosystem. The platform has garnered significant investment from top institutions, including Haun Ventures, Coinbase Ventures, and Paradigm. This backing underscores the potential and credibility of the Zora Network within the blockchain and NFT communities.

By listing ZORA on its Launchpool, Bitget aims to provide its users with an opportunity to engage with a promising project in the NFT space. The staking mechanism not only offers potential financial rewards but also encourages users to support and participate in the growth of the Zora Network. This move aligns with Bitget's strategy to foster innovation and provide value to its user base through strategic partnerships and listings.

The Launchpool project is a testament to Bitget's commitment to supporting emerging blockchain projects and providing its users with diverse investment opportunities. The inclusion of ZORA in the Launchpool is expected to attract both existing and new users to the platform, further enhancing Bitget's position in the competitive cryptocurrency exchange market. The project's focus on NFTs and its backing from prominent investors make it a compelling addition to Bitget's offerings.