Bitget Token (BGB)
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...18 |
| morph-l2 | 0x55...83 |
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.
Future use cases
Bitget has outlined several future use cases for BGB, expanding its utility across different sectors:
- On-chain trading: BGB will be used for on-chain trading activities.
- DeFi applications: The token will be integrated into decentralized finance applications.
- Gas fees: BGB can be used to pay gas fees on supported networks.
- Project airdrop eligibility: Holders may be eligible for project airdrops.
Payment advantages
BGB enhances payment options via Bitget Pay and Card, allowing users to make payments with discounts while accessing premium benefits and expanded services.
Availability and trading
Bitget Token is readily available for purchase and trading. Users can acquire BGB directly on the Bitget exchange. Additionally, BGB is listed on other exchanges such as Bitfinex and MEXC, providing multiple avenues for trading and acquiring the token.
For more information, users can visit the Bitget website: Bitget Website.