Bitget’s BGB Token Gets New Utilities And Burn Mechanism
Bitget, a cryptocurrency exchange, has revised the whitepaper for its native token BGB. The new paper details the advantages that BGB offers as a utility asset on the Bitget platform, such as the BGB lottery, a trial fund for futures trading, a zero withdrawal charge, and special earning opportunities. A BGB repurchase and burn mechanism are also being investigated as part of the token’s economic side in order to limit.
BGB is a utility token having a total supply of 2 billion and a circulating supply of 1.4 billion. It grants users special advantages and rights on the Bitget exchange. The BGB token will provide expanded access to established products like as the native Launchpad and Launchpool, and users can expect to gain more from participation and input. BGB has been steadily increasing in value since February 2023, when it peaked at $0.51 and had a 500% rise in total trading volume – an achievement that presently places it ninth on the Coingecko list of CEX tokens. The latest whitepaper for the BGB token emphasizes this point, highlighting additional capabilities that will catapult the asset into Web3 via tighter integration with the platform’s expanding portfolio of services.
Source
https://t.me/DeFi_Ethereum
