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Bitget, a leading cryptocurrency exchange and Web3 company, has announced the listing of SEAM tokens on its staking rewards platform, Launchpool. SEAM tokens are part of the Seamless ecosystem, a decentralized lending and borrowing protocol on the Ethereum Layer 2 network Base. This listing will provide users with access to SEAM tokens and their associated rewards.
The Seamless ecosystem offers new possibilities in the world of decentralized finance (DeFi), including composable, trustless, and undercollateralized borrowing. The protocol aims to explore the use of Integrated Liquidity Markets (ILM), which allow smart contracts to borrow for specific purposes within the protocol.
Bitget’s Managing Director, Gracy Chen, expressed the company’s support for high-potential Web3 companies and its commitment to listing trending projects. The Launchpool platform allows users to stake their BGB tokens and earn a share of SEAM tokens as rewards. Bitget Launchpool offers user-friendly terms and conditions, with returns on staked assets calculated and rewards distributed hourly.
As a leading Web3 company, Bitget consistently expands its token ecosystem by listing a wide range of assets on its platform. This includes various DeFi projects, social networks, AI tokens, memecoins, and more.
Meanwhile, the price of Injective’s native token, INJ, has been surging in recent weeks. The token has experienced a parabolic rise of 1,570% since reaching its lows in December 2022. Positive ecosystem news, weekly token burns, and increased staking activity have contributed to the upward trajectory of INJ.
Injective’s weekly token burn has resulted in over $65,000 worth of INJ being permanently removed from circulation. Additionally, over $1 billion worth of INJ has been staked on-chain. The upcoming Volan upgrade, touted as the largest mainnet upgrade in Injective’s history, has also generated excitement and driven the price of INJ higher.
Looking ahead, a bullish continuation could see INJ surpass $30, while a bearish flip amid a broader market retreat could lead to a potential slip to support in the $20-$18 range.