Bitget Token
BGB
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27.07K
33.9K
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Bitget Token Info
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Bitget Token Intro
Bitget Token (BGB) is the native utility token of Bitget, a centralized cryptocurrency exchange (CEX). Launched initially in July 2021, BGB is designed to provide a wide range of utilities within the Bitget ecosystem. BGB holders can benefit from staking, social trading, profit sharing, and trading fee discounts. In addition, the token grants users exclusive access to the Launchpad and Launchpool features for participating in token sales and liquidity mining.
BGB also has governance capabilities, allowing holders to participate in decisions about the future direction of Bitget, such as new feature launches or policy changes. Additionally, users can stake BGB to earn rewards, further increasing the token’s appeal and providing investors with more opportunities to profit.
In 2024, BGB underwent a significant smart contract upgrade aimed at expanding its utility beyond centralized exchanges, opening the door to decentralized applications (DApps) and integrations with sectors such as DeFi, GameFi, and SocialFi. This upgrade allowed for futures trading with up to 50x leverage and new listings on additional decentralized and centralized platforms.
As the platform continues to grow, the use cases for BGB are expanding. Bitget plans to further strengthen BGB’s role within its ecosystem, encouraging more projects to participate and building a broader cryptocurrency market ecosystem. Through these diverse features, BGB enables Bitget users to not only be traders but also active participants in the platform's development.
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Bitget Token Token allocation
Q&A about Bitget Token Tokenomics
Explore the tokenomics of Bitget Token (BGB) and review the project details below.
What is the allocation for Bitget Token (BGB)？
According to the official whitepaper, the Bitget Token (BGB) has a total supply of 2 billion, of which 1.4 billion tokens are already in circulation.
For distribution：
- 25% was allocated in exchange for BFT
- 20% is allocated for team incentives
- 15% is allocated for branding (KOL)
- 15% is allocated for referrals
- 15% is allocated for the BGB ecosystem
- 10% is allocated for the Investor Protection Fund
What is the supply schedule for Bitget Token (BGB)？
According to the official white paper, there are still 14% of the total supply (2 billion) for team incentives, 9% for branding, and 7% for referrals that have not been allocated. These tokens, which together account for 30% of the total supply, will be released in January 2024. You can also refer to the website https://www.bitget.com/events/BGB/intro for the latest information on token release.
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