What is the issuance amount of Bitget Token (BGB) coins?

With a fixed issuance amount of 2,000,000,000 tokens, Bitget Token (BGB) serves as a versatile ecosystem driver offering exclusive benefits for holders, including fee discounts, staking rewards, and involvement in the platform's growth.

Dec 26, 2024 at 06:05 pm

Key Points

• Background: Introduction to Bitget Token (BGB) coins
• Issuance Amount: Detailed explanation of BGB's issuance amount
• Tokenomics: Distribution and allocation of BGB coins
• Use Cases: Applications and utilities of BGB tokens
• Benefits: Advantages of holding and using BGB tokens
• Purchase Methods: Ways to obtain BGB tokens
• Storage: Custody options for BGB tokens

Issuance Amount

Bitget Token (BGB) has a total issuance amount of 2,000,000,000 tokens. This issuance amount is fixed and cannot be altered or increased. The issuance amount was determined during BGB's initial coin offering (ICO) in 2018.

Tokenomics

The distribution of BGB tokens is as follows:

• Private Sale: 50%
• Public Sale: 20%
• Team and Advisors: 15%
• Ecosystem and Marketing: 10%
• Reserve: 5%

The private sale was conducted among a select group of investors prior to the public sale. The public sale was conducted on several cryptocurrency exchanges in 2018. The team and advisors received their allocation in recognition of their contributions to the development of the Bitget platform. The ecosystem and marketing allocation will be used to support the growth and adoption of the BGB token. The reserve allocation will be held by Bitget for future development purposes.

Use Cases

BGB tokens have the following use cases:

• Trading Fee Discount: BGB holders can enjoy discounted trading fees on the Bitget platform.
• Transaction Fee Payment: BGB can be used to pay transaction fees on the Bitget platform, providing cost savings to users.
• Staking Rewards: BGB holders can stake their tokens to earn rewards.
• Ecosystem Participation: BGB can be used to participate in various initiatives within the Bitget ecosystem, such as voting on proposals and contributing to the growth of the platform.
• NFT Marketplace: BGB can be used to purchase NFTs on the Bitget NFT marketplace.

Benefits

Holding and using BGB tokens offers several benefits, including:

• Cost Savings: BGB holders can save on trading fees and transaction costs.
• Earning Potential: BGB holders can earn staking rewards.
• Ecosystem Involvement: BGB holders can participate in the growth and development of the Bitget ecosystem.
• Exclusive Opportunities: BGB holders may be eligible for exclusive promotions and benefits.

Purchase Methods

BGB tokens can be purchased on the following cryptocurrency exchanges:

• Binance
• Huobi
• KuCoin
• Gate.io
• Bybit

Storage

BGB tokens can be stored in the following wallets:

• MetaMask
• Trust Wallet
• Ledger
• Trezor
• Bitget Wallet

FAQs

What is the minimum amount of BGB required to stake?

There is no minimum amount of BGB required to stake. However, users may need to stake a certain amount of BGB to participate in specific staking pools or initiatives.

How often are staking rewards distributed?

Staking rewards are distributed daily to BGB holders who have staked their tokens.

Is it possible to lose BGB tokens if they are staked?

No, it is not possible to lose BGB tokens if they are staked. Staking simply involves locking your tokens for a period of time in order to earn rewards. Your tokens will be returned to you once the staking period ends.

Can BGB tokens be traded on decentralized exchanges (DEXs)?

Yes, BGB tokens can be traded on DEXs such as Uniswap and Sushiswap.