Bitget Token (BGB)
Bitget Token (BGB) is a utility token designed to serve the Bitget centralized exchange and the decentralized Bitget Wallet ecosystem. It is integral to facilitating various functions and benefits within these platforms, enabling users to trade, pay transaction fees, and engage in platform-specific activities.
History of Bitget Token
The Bitget Token was introduced with an initial supply of 2 billion tokens. On December 30, 2024, the Bitget team made a significant move by burning 800 million BGB, which accounted for 40% of the total supply. This action reduced the total supply to 1.2 billion tokens, all of which are now fully circulating in the market. Starting in 2025, Bitget plans to implement a quarterly buyback and burn strategy to transition BGB into a deflationary model, potentially increasing its value and utility over time.
| Ticker | BGB |
| Category | Exchange-based Tokens |
| Website | https://partner.bitget.com/bg/2LAE9K |
| @bitgetglobal | |
| Telegram | Bitget_NewMarket_Bot |
| https://www.reddit.com/r/BitgetReddit | |
| Contract Addresses | |
|---|---|
| ethereum | 0x54...81 Copied! |
| morph-l2 | 0x55...38Copied! |
How Bitget Token works
Bitget Token functions as a utility token, offering a range of benefits and applications within the Bitget ecosystem. Here are some key aspects of how BGB operates:
Utility and benefits
BGB holders can access various perks within the Bitget platforms, including:
- Token farming: Users can engage in token farming activities to earn rewards.
- Staking: BGB can be staked to earn passive income.
- Early access: Holders gain early access to high-potential projects through Bitget Launchpad and Launchpool.
- Fee discounts: Users receive discounts on transaction fees when using BGB.
- VIP privileges: Exclusive VIP benefits are available to BGB holders.