Bitget is a fast growing CEX founded in 2018, specialized in copy trading. Its CEO is Gracy Chen, and has offices in Hong Kong, Kuala Lumpur and Dubai. Bitget's listing strategy is very aggressive, usually is one of the first few CEXs to list new memecoins.
For VC-backed projects, the listing fee ranges from $200K~$400K USDT security deposit + $200K~$400K USDT worth tokens (based on last round's valuation).
To get the security deposit back, Bitget usually requires the project to bring around 4K FTTs (first time transaction) within 1 months after TGE. The FTTs requires depositing minimal $1 worth of tokens and sell to stablecoins, or depositing $1 stablecoins and buy the tokens. The risk control team will monitor the activity of the FTTs and will refund security deposit two months after TGE.
For memecoin projects, the token needs to maintain good on-chain volume and price is in a upward trend.
For project already listed on Bitget, it can work with trading communities (usually alpha groups) to OTC sell large amount of tokens (no vesting) at a 60%-70% discount.Â
If the project team still controls more than 80% of tokens (including locked), it can also sell all its tokens together with project's social media, website and product to the private buyers. The acquisition price varies from $200K~$300K based on project's VC backers, % of tokens controlled and sector.