Bitget has announced the launch of a BTC lockup phase within the PoolX platform, allowing users to unlock 550,000 ICNT from July 7 to July 14, 2025.
Bitget's BTC Lockup Initiative
Bitget, a leading cryptocurrency exchange, has introduced a new phase in its PoolX program, encouraging users to lock up BTC to unlock a total of 550,000 ICNT. The initiative spans a week and limits each user's contribution to a maximum of 15 BTC. All information is confirmed from Bitget's communication channels.
Market Impact and Incentives
The launch of the BTC lockup mechanism may impact market activities, spurring demand for BTC participation. Participants with net positive BTC deposits can access a 10% BTC savings interest coupon. Such events are known to invigorate trading volumes and increase liquidity around launch periods.
Impact on ICNT and Trading Volumes
Interest in ICNT may rise as more users engage with the unlocking framework. The event influences BTC's standing in the market by encouraging deposits. The PoolX structure may affect ICNT's supply and demand patterns, prompting new financial dynamics.
Bitget continues to leverage its influence through established frameworks, impacting BTC and ICNT activities.
