Overview of Bitget Token (BGB)
Bitget Token (BGB) is the ecosystem token for Bitget. It aims to create an accessible and secure crypto environment. Since its launch in July 2021 with a total supply of 2 billion tokens, 1.4 billion BGB tokens are now in circulation. BGB offers exclusive perks to its holders, such as spot trading fee discounts, free withdrawals, access to token sales or airdrops on Launchpad and Launchpool, and other platform-specific benefits. These incentives encourage users to hold and use BGB, thereby strengthening the utility-driven ecosystem.
Trading Options and Market Performance
BGB is not only available for futures trading but also for spot and margin markets on Bitget. Additionally, it can be used for copy trading and with trading bots, enhancing its versatility within the Bitget ecosystem. Furthermore, BGB is listed on major centralized exchanges like Bitfinex and MEXC. The token has shown impressive market performance, reaching a new all-time high of $1.4306 in early June 2024, marking a 141.4% increase over the past year.
CEO’s Statement
Gracy Chen, CEO of Bitget, expressed excitement about the new trading options for BGB. She stated, “We are thrilled to expand the trading options for BGB. Offering our users more ways to benefit from Bitget’s native token proves our commitment to providing a comprehensive, rewarding, and smart trading experience. We look forward to new heights for the token and the company!”
Smart Contract Upgrade and Future Plans
On July 1st, Bitget upgraded the smart contract address of its native token, BGB. This enhancement aims to increase the token’s utility and potential. It paves the way for its use in various dApps and facilitates future listings on more centralized and decentralized exchanges. To celebrate the launch of the first BGB perpetual futures, Bitget will host several competitions, giving away 20,000 BGB to its users.
