What is Bitget Token (BGB)?
The Bitget token (BGB) is the native token of Bitget, which is a pioneering exchange that allows cryptocurrency copy trading. The Bitget family comes from across the globe, with users in more than 40 countries and regions including Japan, Southeast Asia, Turkey, and more. The exchange offers comprehensive trading services such as spot trading (including perpetual contracts), margin trading (leveraged up to 50x), and derivatives trading (futures & options). It supports over 100 cryptocurrencies including BTC, USD, ETH, and so on.
BGB token is based upon the vision that cryptocurrency should be straightforward, safe, and available to people everywhere. It is more than just a token – it creates an integrated Web3 ecosystem for all your crypto assets, community tokens, NFTs, DeFi applications, and much more. The live Bitget token price is featured on the BGB price chart above.
Use Cases of BGB Tokens
If you have the BGB coin, you can take advantage of special perks such as lower Bitget network fees.
Furthermore, the BGB crypto asset can be utilized as a form of evidence to attest to the rights and privileges of various users in the future.
Additionally, it can serve as a social token for interactions between fans and copy traders.
Potential use cases consist of (but are not limited to) subscriptions to trading strategies, bonus rewards for trial trading, tickets for private social circles, virtual red packets, and more.
Recall that you can find the Bitget token price chart above. It will help you to analyze the main BGB price trends.
Who Founded Bitget?
Bitget was founded by Sandra Lou who is also the CEO of the platform. She leads a team of professionals from various backgrounds to build innovative products that promote financial freedom to global users.
BGB Tokenomics
The total supply of BGB is 2 billion. 25% of the supply was exchanged with BFT holders, while the remaining 75% was allocated to other areas in the ecosystem. Out of it, 15% was set aside for community building and user acquisition (with a cap of 4% released each year), while another 15% was dedicated to branding and expansion efforts. Moreover, 15% was dedicated to capital investment funds, 20% to incentivizing the core team, and 10% to the investor protection fund.
