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BIP1 to launch on Launchpad with two prize pools

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Bitget is about to launch Bitcoin Improvement Proposals 1 (BIP1) on Launchpad with a BGB pool and a sunshine pool.

About the project

BIP1 is a BRC20 token based on the Ordinals protocol. Representing itself as “Bitcoin’s first improvement proposal”, BIP1 symbolizes the continuous improvement of the Bitcoin network, and is a testimony to the contributions of BRC20 to the Bitcoin ecosystem.

BIP1 Launchpad details

  • Token: Bitcoin Improvement Proposals 1 (BIP1).
  • Total supply: 21,000,000 BIP1.
  • Launchpad volume: 2,100,000 BIP1 (10% of total supply).
  • BGB pool: 1,890,000 BIP1 (90% of Launchpad volume).
  • Sunshine pool: 210,000 BIP1 (10% of Launchpad volume).
  • Exchange rate: 1 BIP1 = 0.1 USDT (BGB price will be announced 3 hours before the snapshot period ends).

 BGB pool

BGB pool volume: 1,890,000 BIP1.

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Tickets: 18,000; 1 ticket = 105 BIP1.

How to participate:

  1. Sign up for a Bitget account and complete KYC verification.
  2. Log in on the Launchpad page and use the button to register.
  3. Hold BGB in your asset account so that your average BGB holding volume can be calculated based on the snapshots taken from May 11, 3 PM – May 14, 3 PM (UTC+8).
  4. An average BGB holding volume of at least 2000 BGB is required.

(1) No tickets will be distributed to accounts with an average BGB holding volume of less than 2000 BGB.

(2) For accounts with an average BGB holding volume of less than 2000 BGB, the balance will be shown under My BGB Holdings instead of Total BGB Holdings.

  1. You can see the estimated number of tickets on your account during the snapshot period.

(1) Estimated/final ticket allocation = your average BGB holdings ÷ total average holdings of all participating users × total Launchpad tickets in the BGB pool. The number of allocated tickets is always rounded down. If a user would be allocated 1.9 tickets, they are allocated 1 ticket. If a user would be allocated 0.5 tickets, they are allocated 0 tickets.

(2) Number of tickets that can be swapped per person: 1 ticket (105 BIP1) – 360 tickets (37,800 BIP1).

(3) The estimated tickets changes with the percentage of your BGB holding volume during the snapshot period.

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  1. After the exchange period starts, you will need to manually swap BGB to BIP1 on the Launchpad page. Bitget will announce the price of BGB three hours before the snapshot period ends.
  2. Note that the snapshots of BGB holdings will be taken after your registration. Make sure to register as early as possible. Your average BGB holdings = your BGB holdings at the time of snapshot ÷ total number of snapshots. The total number of snapshots during the snapshot period is fixed. If you register later than the start time of the snapshot period, you may miss out on some snapshots.

Sunshine Pool

Sunshine pool volume: 210,000 BIP1.

How to participate:

  1. Users who participated in the BGB pool but received less than 1 ticket can grab a share of the 210,000 BIP1 Sunshine pool after the results of the BGB holding pool are announced on May 14, 3 PM (UTC+8).
  2. Each user can get up to 105 BIP1.
  3. BIP1 rewards from the Sunshine pool will be automatically swapped with BGB. Details will be disclosed after the results of the BGB holding pool are announced on May 14, 3 PM (UTC+8). Make sure you have enough BGB to make the swap.

Bitcoin Improvement Proposals 1 (BIP1) Launchpad schedule

Promotion PhaseDate
Snapshot periodMay 11, 3 PM – May 14, 3 PM (UTC+8)
Ticket calculationMay 14, 3 PM – May 14, 6 PM (UTC+8)
Ticket allocation announcementMay 14, 6 PM (UTC+8)
Token SwapMay 14, 6 PM – May 15, 2 PM (UTC+8)
BIP1 distributionMay 15, 4 PM (UTC+8)
BIP1/USDT spot trading launchesMay 15, 6 PM (UTC+8)

 

 

 

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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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MTN Accelerates Network Expansion to  Meet Surging Telecom Demand

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MTN Nigeria is accelerating investments in network expansion and modernization to address rising demand for mobile and data services across the country.

MTN Accelerates Network Expansion to  Meet Surging Telecom Demand

The operator is deploying additional base stations, upgrading existing infrastructure, and expanding fiber connectivity to improve network capacity, coverage, and service quality.

The investments are designed to support increasing smartphone adoption, higher data consumption, and the growing use of digital services by consumers and businesses.

MTN said the expansion aligns with its long-term strategy to enhance customer experience while strengthening Nigeria’s digital infrastructure.

The company expects the ongoing upgrades to improve connectivity, support economic growth, and enable broader access to reliable telecommunications services as demand for high-speed broadband continues to increase.

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Airtel Africa to Connect 5,000 Schools to Free Internet by 2027

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Airtel Africa’s CEO, Sunil Taldar, has announced the telco’s commitment to connecting 5,000 schools across its operating countries in Africa to the internet by 2027 through its philanthropic arm, Airtel Africa Foundation, in partnership with the United Nations Children’s Fund (UNICEF).

So far, the $57m partnership, which was launched in 2021, has cumulatively connected 3,296 schools and provided access to over 2 million learners and about 40,000 teachers. 64 digital learning platforms have been zero-rated thereby enabling more than 11m users to access educational content at no cost.

Speaking during a visit to St. Monica’s Girls School in Lusaka, which is one of the 300 schools already connected to the internet in Zambia, the Airtel Africa CEO stated that the initiative is having a profound impact on the quality of education by expanding access to digital learning resources for African children, in collaboration with governments.

Mr Taldar added: “Students are accessing best-in-class education from the curriculum developed by UNICEF in partnership with various Ministries of Education and provided through Airtel’s connectivity.

“We are also training teachers, so that they deliver digital education effectively. We aim to continue deepening meaningful connectivity in schools by providing free internet access, zero‑rated platforms and training teachers across the continent”.

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Expressing her appreciation, the Headmistress of St. Monica’s Girls’ School, Sr Matilda Soloko said: “Being among the first schools connected in the initial stage, our learners have been able to study using the learning portal and their studies have been intensified. We remain grateful to Airtel and UNICEF.”

UNICEF’s Country Representative for Zambia, Dr Saja Farooq Abdullah said: “What this partnership has brought is really bridging the equality gap and the digital divide. It is making sure that every child learns wherever they are. It was exciting and interesting to see and hear from the girls how they can learn at their own pace, how they can review the materials, and how they do their homework with comfort.

The Director of Secondary Education in Zambia’s Ministry of Education, Yvonne Mwemba Chuulu lauded UNICEF and Airtel for the partnership saying: “At the Ministry of Education, we cannot do it alone, and we are grateful for the partnership that we have today.

“Our children are able to learn in a blended fashion, where we have a teacher who is also employing digital devices. We have also heard from the learners that they are able to access the portal when they are at home, which is a good thing because our learners continue to learn in the comfort of their homes”.

The School Connection programme is expanding digital learning to learners in 13 countries: Chad, Congo, Democratic Republic of Congo, Gabon, Kenya, Madagascar, Malawi, Niger, Nigeria, Rwanda, Tanzania, Uganda, and Zambia. By equipping these schools with internet connectivity and training teachers on using the digital tools, it is providing children, particularly in underserved and remote regions, with the digital tools and skills they need to thrive.

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Airtel Africa Foundation is advancing inclusive development across four strategic pillars, Financial Inclusion, Education, Environmental Sustainability and Digital Inclusion.

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DStv, GOtv Owner MultiChoice Officially Joins Canal+ Group

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MultiChoice has officially become a wholly owned subsidiary of French media company Canal+, marking the completion of one of the largest acquisitions in Africa’s media and entertainment industry.

DStv, GOtv Owner MultiChoice Officially Joins Canal+ Group

The integration brings the South Africa-based pay television operator under the full ownership of Canal+, a global media group with operations in 70 countries.

Announcing the completion of the transaction on Thursday, Chief Executive Officer of Canal+ Africa and MultiChoice, David Mignot, described the development as the beginning of a new phase of growth for the broadcaster.

“MultiChoice is now a full subsidiary of a truly international media group operating in 70 countries.

“The group was founded in France, is listed in London and Johannesburg, and has a strong African presence with operations in more than 45 countries,” Mignot said.

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The acquisition combines Canal+’s international operations with MultiChoice’s extensive footprint across sub-Saharan Africa, where it serves millions of households through its DStv and GOtv platforms, as well as the Showmax streaming service.

According to Canal+, the integration will strengthen MultiChoice’s competitive position by giving it access to broader financial resources, technology, content partnerships and operational expertise.

The company said the combined business would increase investment in local content production, sports broadcasting and streaming services as competition intensifies from global platforms such as Netflix, Amazon Prime Video and Disney+.

The transaction is also expected to provide MultiChoice with greater access to international markets at a time when traditional pay television operators are adapting to changing consumer viewing habits and the rapid growth of digital streaming platforms.

Canal+ has expanded steadily across Africa over the past decade and now assumes full control of a business operating in more than 45 African countries, further strengthening its position in the continent’s media and entertainment sector.

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The acquisition followed Canal+’s gradual increase in its shareholding in MultiChoice, which began in 2024.

After exceeding the regulatory threshold, the company launched a mandatory offer in April 2024 to acquire the remaining shares of the Johannesburg-listed broadcaster.

Following regulatory approvals and shareholder acceptance, Canal+ secured control of MultiChoice in 2025 before completing the process that has now made the company a wholly owned subsidiary.

Industry observers describe the acquisition as one of the most significant media transactions involving an African company, reflecting a broader trend of consolidation as global entertainment firms seek greater scale to compete in the streaming era.

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