BTC GLOBAL, a digital asset services platform, recently announced its core business progress and future plans. The platform's exchange functionality is reportedly slated to officially launch around September 19, 2024. Officially, BTC GLOBAL will launch a phased issuance plan for its platform token and governance token in the near future, though the specific rules and economic model have yet to be disclosed. Simultaneously, the platform officially established BTC GLOBAL Labs and set aside a $50 million fund for a three-year Web 3 project incubation program, focusing on innovative projects in areas such as developer tools and decentralized applications. BTC GLOBAL stated in the announcement that this initiative aims to promote Web 3 technology adoption and infrastructure development through resource integration and ecosystem support.