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The fourth weekly staking event adds 3.47 million VELO token pool and 50,000 slots following surge in user participation
SAN SALVADOR, El Salvador, July 09, 2025 (GLOBE NEWSWIRE) -- Bitget Wallet, the leading non-custodial crypto wallet, continues its weekly zero-barrier onchain rewards series with the fourth edition of Fomo Thursdays, launched in collaboration with Velo Protocol. This week’s event features a prize pool of 3.47 million VELO tokens and opens 50,000 participation slots. Users can enter by staking $10 USDT - fully refundable after the event - for a chance to receive randomized token rewards, including a top prize of $888 in VELO.
Fomo Thursdays lowers entry barriers for token participation by replacing complex trading tasks or point-based systems with a simple weekly staking model. Participants receive randomized token rewards via onchain smart contracts, with no gas fees required for claims. In the previous round, 20,000 users joined within 10 minutes of the event opening, underscoring growing demand for this accessible format.
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VELO, the native token of Velo Protocol, powers a decentralized finance infrastructure focused on enabling global value transfer. The project integrates multi-asset trading, FX aggregation, and Web3-native settlement systems. Its architecture positions VELO as a foundational liquidity layer for cross-border financial applications and remittance flows, particularly in emerging markets.
The weekly event is part of Bitget Wallet's broader effort to create low-friction, accessible onchain experiences for new and existing users. "Fomo Thursdays is designed to make token access simple, fun, and available to all - without the usual barriers," said Jamie Elkaleh, CMO of Bitget Wallet. "By embedding these events directly into the wallet, we’re opening up early-stage opportunities to a much wider base of users."
The Week 4 campaign opens for staking on July 9 at 13:00 UTC and closes 24 hours later. Token distribution and USDT refunds begin at 14:00 UTC on July 10. All VELO rewards will be distributed on BNB Chain and are claimable directly within Bitget Wallet.
For more information, visit the Bitget Wallet official channels.
About Bitget Wallet
Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users' assets. Its vision is Crypto for Everyone - to make crypto simpler, safer, and part of everyday life for a billion people.
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68f3f9c6-1aad-4bee-be3d-f913b3ccfa1f
