Bitget Token
BGB
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Bitget Token Info
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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.
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.
A major event occurred in October 2024, when BGB experienced abnormal price volatility, temporarily dropping by 43.5% due to a series of leveraged trades. The token price quickly rebounded, and Bitget announced full compensation for users impacted by the price drop.
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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.
Bitget Token Token Allocation
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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.
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.
A major event occurred in October 2024, when BGB experienced abnormal price volatility, temporarily dropping by 43.5% due to a series of leveraged trades. The token price quickly rebounded, and Bitget announced full compensation for users impacted by the price drop.