Bitget has added EVAA Protocol's token to its PoolX platform, giving users the ability to lock XAUT, Tether's gold-backed token, in exchange for a share of a 65,000 EVAA airdrop pool.
PoolX is Bitget's locked-staking product, where users commit an existing token for a set period in order to receive an allocation of a newly listed asset, functioning as a distribution mechanism for projects looking to build initial holder bases on the exchange while giving existing token holders a way to earn additional yield without selling their underlying position.
Tying a New Listing to a Gold-Backed Token
Requiring XAUT specifically, rather than a more commonly used asset like USDT, is a notable structural choice. XAUT is designed to track the price of physical gold, and channeling a new token airdrop through gold-token holders suggests Bitget is targeting a specific segment of its user base, those already holding a hedge-oriented asset, as the initial audience for EVAA.
EVAA Protocol positions itself within decentralized finance, though specific details of what the protocol does were not elaborated on in Bitget's announcement beyond the mechanics of the token distribution itself.
Part of Bitget's Ongoing Listing Cadence
PoolX airdrops of this kind have become a regular feature of Bitget's listing strategy, allowing the exchange to introduce new tokens with an incentive structure that rewards existing users rather than relying purely on open-market trading to establish initial liquidity. For EVAA, the approach gives the token exposure to Bitget's user base from its earliest days on the platform.
