The Bitget Token, also known as BGB, serves as an exclusive platform token for both the centralized exchange Bitget and its decentralized Bitget Wallet ecosystem. As a utility token, BGB has multiple uses such as trading, paying transaction fees, participating in platform activities, and accessing perks. The initial supply of BGB was set at 2 billion tokens, but 800 million were burnt, reducing the total supply to 1.2 billion which are now fully circulating.
Starting from 2025, Bitget will implement a quarterly buyback and burn mechanism to transition BGB into a deflationary model. Owning a Bitget Token offers access to various benefits across the centralized and decentralized ecosystems. These include token farming, staking for passive income, early access to high-potential projects on Bitget Launchpad and Launchpool, fee discounts, VIP privileges, and future use cases such as on-chain trading, DeFi applications, gas fees, and project airdrop eligibility.
BGB can be purchased directly from the Bitget exchange or traded on other platforms like Bitfinex and MEXC. It is designed to improve user experience and boost adoption within Bitget’s ecosystem by offering versatile applications and expanded services through its payments system, Bitget Pay and Card.
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