Is it worth holding the platform token of the "Team at Work"?

Author: Martin Talk

Platform tokens are one of the important investment tracks in the cryptocurrency field, and it is a wise move to lay out in this area at the beginning of a bull market. Platform tokens not only have a high degree of certainty, relatively low risk, but also great potential for appreciation in the future. This article will analyze the opportunities and investment logic of the platform token track to provide reference for investors.

Some platform tokens are performing strongly, with BGB's annual increase exceeding 200%

First, we focus on the recent strong performance of platform tokens. Taking Bitget's platform token BGB as an example, its value has increased by over 200% since the beginning of this year, making it one of the best-performing platform tokens this year. This is closely related to the rapid development of its underlying trading platform, Bitget. As one of the top 5 trading platforms globally, Bitget's market share has been continuously expanding, rising from 2% at the beginning of the year to 7% now.

While leading platform tokens have large market capitalizations, their room for growth is limited. For example, BNB ranks in the top 4 by market capitalization, but its increase this year is only 2%. In contrast, the rapidly developing OKX and Bitget have seen significant increases in their platform token prices, rising by 125% and 210%, respectively.

Although we are still in a bear market, BGB and OKB, which are on an upward trajectory, are showing strong momentum. Once the bull market arrives, their upward trends will be magnified, and the momentum will be even more robust.

Expected returns from holding BGB

In addition to the profits from the increase in BGB's price, holding BGB also allows participation in Bitget Launchpad, Launchpool, and super airdrops, which will bring more expected returns to BGB holders. Let's do a simple calculation:

• Currently, Bitget has launched 11 Launchpad projects. Since the beginning of 2023, 6 projects have been launched, averaging a new project every 1.5 months, making it the leader in new project frequency among CEXs. On the other hand, in terms of returns, according to CryptoRank data, the average historical maximum return of all Bitget LaunchPad projects in 2023 is 4190%. According to images shared by community users, the increase of its Launchpad projects generally starts at 20 times. If calculated in USDT, participating with the minimum cost each time, the average maximum return is 857 USD, which is quite substantial.

• Additionally, if you hold BGB, you can also participate in Bitget's LaunchPool. Currently, LaunchPool has launched 53 projects, with an average of 4 new projects launched each month. From the recent returns, the average return of the projects is about 3%. This means that through LaunchPool, you can expect to earn approximately 12% per month.
• Furthermore, BGB holders can also benefit from super airdrops. Bitget's super airdrop has listed 91 projects, and nearly 20 new projects will be airdropped to BGB holders each month.

By holding BGB, you can gain returns from its LaunchPad, LaunchPool, and super airdrops. If all these returns are converted into BGB tokens and based on the estimate of a 10-fold increase in BGB's price in the next bull market, it can easily achieve a snowball effect of compounding returns, thus providing a huge space for profit.

Conclusion

In summary, in the early stages of the transition from a bull market to a bear market, cryptocurrency users can consider laying out some platform tokens that have performed well in the bear market, are on an upward trend, and can bring multiple expected returns. Such platform tokens often have greater potential for appreciation and imaginative space when the bull market arrives. By reasonably allocating assets and choosing promising platform tokens for investment, one can reduce investment risks and achieve better investment returns.