Bitget is a fast growing CEX founded in 2018, specialized in copy trading. Its founder is Henri Chen and CEO is Gracy Chen, and has offices in Singapore, 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 $100 stablecoins and buy the tokens.
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 40%-60% 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~$400K based on project's VC backers, % of tokens controlled and sector.