About
Bitget Token (BGB) is the native utility token of the Bitget cryptocurrency ecosystem, designed to unify and enhance the user experience across both the centralized Bitget exchange and its decentralized Bitget Wallet platform. The token was launched with the intention of driving engagement, providing economic incentives, and facilitating transactional activity within Bitget’s broad suite of products, including trading, staking, and investment services. Its utility extends beyond simple fee payments, evolving into an integrated asset that powers various on-platform mechanisms and rewards.
BGB exists to foster a cohesive economic layer across Bitget’s products by enabling holders to gain benefits such as fee discounts, early access to new token listings, participation in launchpad and launchpool events, and VIP privileges. Over time, the token’s role expanded through strategic partnerships most notably with Morph, where BGB also serves as the gas and governance token for the Morph Layer-2 blockchain. This integration expands its utility beyond exchange incentives into on-chain services and decentralized applications.
Functionally, BGB’s design incorporates a deflationary mechanism that includes both an initial large burn and a scheduled quarterly burn linked to token usage, particularly gas fees paid on associated services. The reduction of supply over time aims to align economic incentives with real network activity, potentially enhancing scarcity and long-term value for holders. Within the Bitget ecosystem, BGB also supports staking and passive income strategies through launchpool and pool products, encouraging participation in network growth.
Technically, Bitget Token is implemented as an ERC-20 asset on the Ethereum blockchain, ensuring compatibility with a wide range of wallets, exchanges, and decentralized applications. BGB’s broad integration across both centralized and decentralized environments underscores its role as a bridge asset, connecting traditional exchange features with emerging Web3 protocols and utilities.
