Has Bitget entered the on-chain derivatives exchange game? Since May this year, when its ecosystem fund officially announced an investment in PopDEX, the whole family has been interacting with the project one after another. According to official disclosures, this exchange currently doesn’t have a points system. It’s not like the popular models out there that require buying tokens, staking, or locking assets to reduce fees, aiming to lessen traders’ reliance on platform tokens. When asked about it, Foresight said this project has been in the works for over a year, with preparations starting last summer. The logic is that the platform plans to return 100% of its revenue to participants, including traders, referrers, and liquidity providers—kind of like a dividend-sharing model. This might also be because many points-based projects cool off quickly after token issuance, so they’re aiming to build a more sustainable business. However, the project team hasn’t yet announced specific rules or token issuance plans. The platform is still in the invite-only testing phase for traders. The incubation team even published a paper explaining why they built this platform.