What is Bitget Token (BGB)?
The Bitget token (BGB) is the exclusive platform token for the Bitget centralized exchange and the decentralized Bitget Wallet ecosystem. As a utility token, it can be used for trading, paying transaction fees, participating in platform activities, and accessing perks.
The initial supply of BGB is fixed at 2 billion tokens, but 800 million BGB (40% of the total supply) were proactively burned by the Bitget team on December 30, 2024, reducing the total supply to 1.2 billion tokens, all of which are now in full circulation. Starting in 2025, Bitget plans to introduce a quarterly buyback and burn mechanism, transitioning BGB into a deflationary model.
BGB stands out by unlocking access to a wide range of benefits across Bitget's centralized and decentralized ecosystems. Current perks include token farming, earning passive income through staking, early access to high-potential projects on Bitget Launchpad and Launchpool, fee discounts, and exclusive VIP privileges.
Future use cases include on-chain trading, DeFi applications, gas fees, and project airdrop eligibility. Additionally, BGB enables payments with discounts via Bitget Pay and Card, offering premium benefits and expanded services. With its versatile applications, BGB enhances user experience and boosts adoption across Bitget's ecosystem.
The Bitget token can be purchased directly on the Bitget exchange. BGB is also available for trading on Bitfinex and MEXC.
Use Cases of BGB Tokens
If you have the BGB coin, you can take advantage of special perks such as lower Bitget network fees.
Furthermore, the BGB crypto asset can be utilized as a form of evidence to attest to the rights and privileges of various users in the future.
Additionally, it can serve as a social token for interactions between fans and copy traders.
Potential use cases consist of (but are not limited to) subscriptions to trading strategies, bonus rewards for trial trading, tickets for private social circles, virtual red packets, and more.
Recall that you can find the Bitget token price chart above. It will help you to analyze the main BGB price trends.
Who Founded Bitget?
The Bitget leadership team is composed of seasoned professionals with experience at global giants like Goldman Sachs, Facebook, and Binance, including CEO Gracy Chen, COO Vugar Usi Zade, CLO Hon Ng, and CBO Min Lin.
BGB Tokenomics
The total supply of BGB is 2 billion. 25% of the supply was exchanged with BFT holders, while the remaining 75% was allocated to other areas in the ecosystem. Out of it, 15% was set aside for community building and user acquisition (with a cap of 4% released each year), while another 15% was dedicated to branding and expansion efforts. Moreover, 15% was dedicated to capital investment funds, 20% to incentivizing the core team, and 10% to the investor protection fund.
