Bitget Blog
Bitget Unveils Over $5 Billion Worth of BGB Token Burn in New Whitepaper
Victoria, Seychelles, 27th December 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has released a new whitepaper for its native token, Bitget Token (BGB). The update introduces an unprecedented initiative to burn 800 million BGB tokens—valued at over $5 billion based on current market prices—alongside plans to expand the token's utility. This move shows Bitget’s commitment to enforce a deflationary supply model for BGB, accelerating its utility.
The new whitepaper int
2024-12-27
2024-12-27
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- Bitget Completes First-Ever Burn of 800 Million BGB Tokens, Reducing Supply by 40%Victoria, Seychelles, 30th December 2024 – Bitget, the leading cryptocurrency exchange and Web3 company has successfully completed the initial burn of its native Bitget Token (BGB), reducing the total supply by 40%. This strategic move involved burning 800 million BGB tokens, effectively decreasing the total supply from 2 billion to 1.2 billion tokens. The burn process was executed by transferring the tokens to a designated burn address, ensuring their permanent removal from circulation.
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Buy & Trade trending Meme coins on Bitget Wallet, share a $3,000 airdrop reward!With the arrival of the meme season, some hot tokens not yet listed on Bitget Exchange are now available on Bitget Wallet. Don't miss out the chance to get rich with Bitget Wallet! During the event, come to Bitget Wallet App, and complete a swap of ≥ $10 in $MICKEY, $NPC, $TYRANT, $LONG via Bitget Wallet Swap, and you will have a chance to get a random airdrop reward of $5 to $100! The total prize pool is about $3,000. The reward is limited, first come first served! Event Period: 18:00, Janu2024-01-02
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