Bitget Global has announced groundbreaking changes for its native token, $BGB, aiming to strengthen its ecosystem and utility.
The platform plans to burn 40% of the $BGB supply—approximately 800 million tokens valued at $6.8 billion. This significant reduction will lower the total supply to 1.2 billion tokens, achieving 100% circulation.
Starting in 2025, Bitget will initiate quarterly burns, allocating 20% of platform profits for buybacks. This move aligns with the exchange’s commitment to enhancing the token’s scarcity and long-term value.
Additionally, Bitget is set to merge its $BWB token into $BGB at a conversion rate of 11.68:1, consolidating its token offerings under one powerful asset. Following these developments, $BGB has climbed to the 16th largest cryptocurrency by market cap, reflecting growing investor confidence.
In January, $BGB will debut as a gas token for GetGas, enabling seamless multi-chain gas fee payments. This utility upgrade aims to streamline multi-chain operations for users. With $BGB, users will soon enjoy:
– Cross-Chain Gas Payments: Effortless transactions across multiple blockchains.
– Simplified Interactions: Enhanced multi-chain transfers, swaps, and DApp usability.
Bitget’s ambitious roadmap underscores its commitment to innovation and expanding $BGB’s role in the crypto ecosystem. By reducing supply, merging tokens, and boosting utility, the platform is positioning $BGB as a key asset for Web3 and decentralized finance.
These developments could reshape how traders and developers interact with blockchain networks, making $BGB a token to watch in the coming year. As 2025 approaches, Bitget’s vision for $BGB promises to deliver both growth and utility for its community.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or using any service.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, and Metaverse news!
Image Source: sergeybitos/123RF
Cloud mining continues to gain massive traction as 2026 inches closer. In tough economic…
Solana Breakpoint wasn’t just another conference this year. It doubled as a stage for Jupiter…
Ripple has scored a major regulatory milestone in Europe. AMINA Bank AG, a Swiss-regulated digital…
a16z just dropped its annual report, and the message is clear: crypto isn’t slowing down.…
Ethereum has activated BPO-1, a protocol adjustment that increases blob capacity per block from 6…
CryptoBench just landed. Developed by ChainOpera AI and Princeton AI Lab, under the guidance of…