Monday, May 20, 2024

Today marks the 5th anniversary of Bitget, a milestone commemorated with a deep sense of accomplishment and forward-looking insights. Managing Director Gracy Chen, in an open missive, attributes the platform’s success to the relentless commitment of the team and the unyielding support of its user base while shedding light on strategic initiatives.

Here are some salient points extracted from the letter:

– A Strategy for the Long Haul: Bitget concentrates on creating accessible, secure solutions with a focus on long-term objectives and international scalability. The platform has garnered a user base of over 20 million from more than 100 countries.

– Integrated Crypto Ecosystem: Bitget has transformed into a comprehensive platform that covers multiple sectors of the blockchain and cryptocurrency markets, from trading and investment to research, decentralized finance (DeFi), and media, among others. This diversified ecosystem is fortified by elements like Bitget Wallet, Foresight Ventures, Foresight X, and Foresight News, collectively providing a multifaceted suite of services and opportunities to users.

– Investment in Future Talent: Through initiatives like the #Blockchain4Youth campaign and “Crypto Experience Day,” Bitget aims to cultivate the next generation of industry leaders, allocating $10 million to the effort over the subsequent five years.

An Open Letter from Gracy Chen:

As we mark the 5th anniversary of Bitget, we find ourselves at a summit of extraordinary progress — a culmination of unwavering dedication and resilience that signifies our collective identity. It’s a time to express our heartfelt appreciation to every pivotal constituent of the Bitget community — our esteemed users, our committed staff, and our invaluable associates.

Adherence to the 10% Principle

Bitget was founded upon a singular conviction — the conviction of being among the tenacious 10% who persevere when circumstances waver. This principle has been integral to our organizational ethos, fueling our incessant exploration and growth in the blockchain sphere.

Looking back, the year 2018 was notable for Ethereum’s ascendancy and the fervor surrounding cryptocurrencies. As the market faced turbulence, a stalwart 10% remained steadfast. During this critical juncture, Bitget was conceived with a vision of transforming traditional financial paradigms and promoting equitable financial futures.

The Long-Distance Runner’s Strategy

Contrary to platforms that experience meteoric rises only to disappear just as swiftly, our strategy has been analogous to that of a marathon runner. We have engineered robust, user-centric tools designed to safely and efficiently facilitate participation in the future of finance. With user satisfaction as our priority, we are committed to innovation, the perpetuation of long-term values, and continuous betterment.

Since the latter part of 2021, our global footprint has expanded at an accelerated rate, amassing over 20 million users from more than 100 countries. We are adamant that sustaining long-term prominence in the digital asset space necessitates diverse and adaptable service offerings. Consequently, we have systematically widened our scope of operations to establish an integrated trading ecosystem that spans trading, investment, research, DeFi, media, and more.

Today, the Bitget conglomerate transcends the limits of a mere cryptocurrency exchange. We have metamorphosed into a dynamic ecosystem, a crucible for groundbreaking concepts, a dedicated research facility, and a trailblazer in trendsetting. We no longer merely adapt to trends; we establish them.

Within this framework, BitKeep has been rebranded to Bitget Wallet, accumulating over 12 million users and leading in key performance indicators within Asia. Foresight News has become an influential voice in the Chinese-speaking world. Foresight Ventures has invested over $60 million in 77 noteworthy projects, including established names such as Space and Time, WalletConnect, Sei Network, Gitcoin, and Shardeum. Foresight X has nurtured 12 nascent projects, spanning sectors like AI+Web3, Bitcoin ecosystem, and LSDFi. Furthermore, Bitget remains committed to nurturing emergent Layer 2 technologies, thereby promoting the industry’s sustainable development.

A Commitment to Cultivating Future Leaders

Our expansion transcends commercial interests to encompass societal responsibilities, particularly in developing future talent. This year, we initiated the #Blockchain4Youth global philanthropic campaign to inspire young minds to explore the crypto universe. The debut “Crypto Experience Day” on International Youth Day (August 12, 2023) attracted participation from across 10 global regions and over 1,000 young attendees. In the coming five years, Bitget is allocating $10 million to this initiative to fortify young talent and enrich the broader crypto ecosystem.

Eyes on the Horizon

Despite market volatilities, our conviction in the future of cryptocurrency remains steadfast. Throughout history, visionaries have changed the course of human endeavor by daring to dream. From Columbus’s discovery in 1492 to Watt’s steam engine in 1776, and Tesla’s innovations in the late 19th century, each epoch has its trailblazers who dare to look heavenwards.

Unfazed by present uncertainties, we subscribe to the view that monumental achievements are the domain of those who defy conventional wisdom. In every epoch, there are those who look toward the heavens.

The Road Ahead for Bitget

We have been at the forefront of innovation, setting industry benchmarks from copy trading services tailored for Generation Z to setting unparalleled security standards. Our initiatives have been adopted industry-wide, confirming our role as a catalyst for progress. As we revel in our achievements, we remain anchored to our core values – “Act with Integrity, Earn Trust through Honesty, and Cultivate Mutual Benefits.” We are positioned at a time where digital assets are becoming indispensable components of the global financial infrastructure. The future for Bitget is not just promising; it is inexorable.

To every Bitget team member, you are the essence of our odyssey. Let us remain true to our original mission, strive for excellence, persistently innovate, and contribute meaningfully to the cryptocurrency sector. Here’s to the journey ahead — navigating the crypto cosmos for the next five years and beyond.

Gracy Chen
Managing Director at Bitget

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Frequently Asked Questions (FAQs) about Bitget 5th Anniversary

What is the main focus of Bitget’s 5th-anniversary letter?

The main focus of the letter is to celebrate Bitget’s 5th anniversary by highlighting its key achievements, outlining its long-term strategies, and announcing future initiatives, such as its commitment to nurturing the next generation through the #Blockchain4Youth campaign.

Who is the author of the open letter?

The open letter is penned by Gracy Chen, the Managing Director at Bitget.

What is Bitget’s Marathon Runner’s Approach?

The Marathon Runner’s Approach refers to Bitget’s long-term strategy of crafting user-friendly, secure tools and focusing on global expansion. It emphasizes serving a large and diverse user base, which has reached over 20 million users from 100+ countries.

How has Bitget evolved beyond just being a cryptocurrency exchange?

Bitget has developed into a comprehensive trading ecosystem that encompasses various sectors of the blockchain and cryptocurrency industry, including trading, investment, research, decentralized finance (DeFi), and media. This is supported by several entities such as Bitget Wallet, Foresight Ventures, Foresight X, and Foresight News.

What is the #Blockchain4Youth campaign?

The #Blockchain4Youth campaign is Bitget’s social responsibility initiative aimed at nurturing young talent in the cryptocurrency and blockchain sectors. The company plans to invest $10 million in this program over the next five years.

What is the 10% Philosophy that Bitget embraces?

The 10% Philosophy refers to Bitget’s core belief in being part of the resilient 10% who continue to invest and believe in the cryptocurrency market even when it is down. This philosophy has become a cornerstone of the company’s values and mission.

What are some notable metrics and investments related to Bitget’s ecosystem?

Bitget Wallet has surpassed 12 million users and ranks first in key metrics in Asia. Foresight Ventures has invested in 77 projects totaling over $60 million USD, and Foresight News has become the largest and most influential media in the Chinese-speaking world.

What are Bitget’s core values as stated in the letter?

The core values emphasized in the letter are “Do the right thing, Honesty earns trust, and Turn Wins into Win-Wins.”

What are Bitget’s plans for the future?

Bitget plans to continue expanding its comprehensive trading ecosystem, investing in young talent through the #Blockchain4Youth campaign, and leading innovations in the cryptocurrency industry. The company aims to remain at the forefront of this rapidly evolving sector.

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8 comments

JakeTheTrader September 12, 2023 - 6:04 am

Im all for companies that got values. “Do the right thing, Honesty earns trust, Turn Wins into Win-Wins,” solid core values there.

Reply
MarketGuru September 12, 2023 - 9:19 am

The Marathon Runner’s Approach speaks volumes. In a space where many come and go, focusing on the long term is the real deal.

Reply
JohnDoeCrypto September 12, 2023 - 9:34 am

Wow, 5 years in crypto is like a lifetime. Kudos to Bitget for surviving and thriving. their Blockchain4Youth campaign is dope. gotta say, future looks bright!

Reply
CryptoNewbie September 12, 2023 - 8:09 pm

Didnt know much bout Bitget before but this letter makes me wanna know more. they’re doin a lot, especially with that youth program thing.

Reply
EconAnalyst September 12, 2023 - 9:40 pm

So they plan to invest $10M in the next gen. pretty bold move. But hey, investing in talent is investing in the future, right?

Reply
TechSavvy September 12, 2023 - 9:47 pm

Hats off to Bitget. From a simple trading platform to a complete ecosystem, what a journey! Looks like they’re in it for the long haul.

Reply
PolicyWatcher September 12, 2023 - 9:58 pm

Impressive to see companies taking social responsibilities like Bitget. The youth program is a good step forward. A win-win for everyone.

Reply
InvestorSarah September 13, 2023 - 12:37 am

Really impressed by how Bitget is not just abt trading but a whole ecosystem. Foresight Ventures investing in 77 projects? That’s huge.

Reply

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