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

Due to its various utility within the Bitget ecosystem, including fee discounts, exclusive event participation, and voting rights, the Bitget Token (BGT) has gained popularity as a token that enhances the exchange's functionality and offers benefits to its holders.

Dec 25, 2024 at 09:25 am

Key Points

• Historical performance of BGT coin
• Tokenomics of BGT coin
• How to acquire BGT coins
• Exchanges that support BGT trading
• How to store BGT coins
• Use cases of BGT coins

Introduction

Bitget Token (BGB) is the native token of the Bitget cryptocurrency exchange. It was launched on December 28, 2021, as part of Bitget's efforts to create a more robust and sustainable ecosystem. BGB holders enjoy various benefits, including trading fee discounts, participation in exclusive events, and access to special features on the Bitget platform.

Historical Performance of BGT Coin

Since its launch, BGB has experienced significant price fluctuations. After reaching an all-time high of $0.4418 on May 12, 2022, it entered a bear market and fell to a low of $0.09066 on June 18, 2022. It has since recovered slightly and is currently trading around $0.17.

Tokenomics of BGT Coin

• Total Supply: 2,000,000,000 BGB
• Circulating Supply: 1,000,000,000 BGB (as of March 1, 2023)

• Token Distribution:

  • 40% Ecosystem incentives
  • 20% Team and advisors
  • 15% Investors
  • 10% Bitget Foundation
  • 10% Marketing and operations
  • 5% Liquidity

How to Acquire BGT Coins

BGB coins can be acquired through various methods, including:

• Purchasing on cryptocurrency exchanges (e.g., Bitget, Huobi, Gate.io)
• Earning rewards through Bitget's loyalty programs
• Participating in special events and promotions

Exchanges that Support BGT Trading

• Bitget
• Huobi
• Gate.io
• OKX
• KuCoin

How to Store BGT Coins

BGB coins can be stored in the following ways:

• Bitget exchange wallet
• Trust Wallet
• MetaMask
• Ledger hardware wallet
• Trezor hardware wallet

Use Cases of BGT Coins

BGB coins offer several use cases within the Bitget ecosystem, including:

• Trading Fee Discounts: BGB holders receive discounts on trading fees on the Bitget exchange.
• Staking: BGB can be staked to earn additional rewards and participate in governance.
• Participation in Exclusive Events: BGB holders have access to exclusive events and promotions, such as token airdrops and community events.
• Voting: BGB holders can vote on proposals to influence the direction of the Bitget platform's development.

FAQs

What is the purpose of BGT coin?

The primary purpose of BGT coin is to enhance the functionality and sustainability of the Bitget cryptocurrency exchange and to provide benefits to BGB holders.

What is the market capitalization of BGT coin?

The market capitalization of BGT coin is approximately $170 million as of March 1, 2023.

What is the current circulating supply of BGT coin?

The current circulating supply of BGT coin is 1,000,000,000 BGB.

What is the maximum supply of BGT coin?

The maximum supply of BGT coin is capped at 2,000,000,000 BGB.

Where can I buy BGT coin?

BGT coins can be purchased on various cryptocurrency exchanges, including Bitget, Huobi, Gate.io, OKX, and KuCoin.