Bitget, a leading cryptocurrency exchange and Web3 company, has announced a strategic partnership with Upland, a prominent immersive Layer1 gaming platform. This collaboration is centered around the launch of the utility token SPARKLET on Ethereum and will feature the establishment of Bitget’s virtual headquarters in Upland’s metaverse.
Key Highlights of the Partnership
1. Launch of SPARKLET Token on Ethereum:
– Bitget and Upland are launching the SPARKLET utility token, which will be integrated into Upland’s metaverse and offer various utilities to users.
– Bitget will establish its virtual headquarters, the “Traders’ Hub,” on Treasure Island within Upland. This hub will include the Bitget Headquarters and a café with educational content.
2. Acquisition of Treasure Island:
– Bitget has purchased Treasure Island, the last unminted neighborhood in Upland’s San Francisco, comprising 888 properties. These properties will be distributed as rewards to the Upland and Bitget communities.
3. Exclusive Rewards and Airdrops:
– Bitget Launchpool for SPARKLET: Participants will be able to farm SPARKLET tokens, with details to be announced soon.
– Increased Rewards for SPARKLET Holders: Participants in the Launchpool will qualify for airdrops within Upland.
– Utility of SPARKLET in Upland: Users can stake SPARKLET for UPX rewards, build structures, or create no-code NFTs to enhance their rewards.
– Leaderboard for Additional Rewards: Launchpool participants and SPARKLET holders can win additional rewards, including properties on Treasure Island and exclusive Bitget car replica NFTs for use within Upland.
4. Special Rewards for Early SPARKLET Holders:
– Eligible Upland users who owned SPARKLET before the Token Generation Event (TGE) will receive a share of a 3.5 million SPARKLET token pool over six months.
– Bitget will also reward these users with a portion of a $50,000 Bitget Token (BGB) pool.
Leadership Comments
“At Bitget, our support for crypto gems goes beyond a simple listing. We are dedicated to helping promising projects gain more visibility, users, and partners through our Launchpool, Launchpad, and various educational and reward initiatives. Our collaboration with Upland to create a Bitget-themed metaverse is a mutually beneficial and exciting endeavor. We aim to become the top choice for more emerging projects in the future, aiding them in creating a greater real-life impact.”
– said Gracy Chen, CEO at Bitget.
“At Upland, we love innovating with partners. Our initial discussions with Bitget made it evident that this would be a fantastic collaboration. Building out Treasure Island together and transforming it into a ‘Trader’s Hub’ using SPARKLET is a truly groundbreaking example of partnership-driven product development. This project showcases the power of collaboration to strengthen community bonds and propel Upland forward.”
– Dirk Lueth, Co-founder and Co-CEO at Upland
This partnership marks a significant step for both Bitget and Upland as they integrate their platforms and offer new opportunities for their users to engage with digital assets and the metaverse.
