Created in 2018, Bitget is among the most popular crypto trading platforms. With a daily trading volume of $5.6 billion, and over 2 million users, Bitget has launched three exclusive flagship products in three years: USDT margin contract, copy-trading and margin contracts. Bitget is now the fifth largest derivatives platform in the world and the largest cryptocurrency copy-trading platform in the world. In this article, discover BGB, Bitget’s token.
A brief overview of the BGB
Total supply: 2,000,000,000 BGB
The Bitget platform recently made adjustments to the rights and interests of the application and replaced the original platform token BFT (Bitget Defi Token). The BGB token has different use cases within the Bitget ecosystem. In addition to being used by traders to obtain discounts on trading fees, BGB can also be used as proof of rights and interests by users of different levels, and as a social token for interaction between fans and copytraders.
An offer for users
Bitget CEO Sandra Lou recently said, “ The freshly revamped BGB represents Bitget’s dynamic and innovative ecosystem, which is constantly evolving and expanding, which is why this update is necessary to support our rapid development. »
She goes on to add: These continued and growing gaps are consistent with Bitget’s brand appeal and product value. We hope to provide a gateway for the whole split world (physical, social and crypto). We hope that BGB will be able to realize our vision of connecting these different worlds, connecting cultures, connecting applications and connecting users. Our goal is to leverage BGB to create a vibrant ecosystem that transcends Web2 and Web3, connecting CeFi and DeFi, culminating in an expansive bridge to the vast crypto network. »
The uses of the BGB
Showcasing a wide range of applications and benefits that consolidate the entire Bitget ecosystem, let’s take a look at the ever-growing list of BGB uses:
The BGB allows platform users to get a discount on transaction fees on Bitget.
Futures Transaction Fee Discount: Use BGB as margin to earn a 15% discount on futures transaction fees. (Coming soon).
Cash Transaction Fee Discount: Use BGB to pay cash transaction fees and enjoy a 20% discount.
You can use BGB as contractual margin when trading.
Stake BGB to earn value-added income
Trade BGB to enjoy tiered rewards based on trade amount.
- Multiply wealth management revenue
Users who hold positions in BGB can purchase products from wealth management.
Use the BGB to subscribe to Launchpad quota and access exclusive high-quality early-stage investments.
BGB is used as a fixed pledge pool for Launchpool, and you can get new currency rewards for BGB pledge.
- Vote for project registration
Use the BGB to vote to decide if the project will go live on Bitget and get rewards.
Users who hold positions in BGB can get a minimum discount of 50% on popular high-quality currencies.
BGB holding users can get the exclusive airdrop of tokens from time to time.
Hold the BGB to participate in events and win prizes.
Users with positions on BGB can be drawn into the lottery during BGB
Bitget’s balance sheet
- Top 5 in the world by futures trading volume, with an average daily volume equivalent to 5 billion USD.
- Top 1 in the world, with a cumulative number of completed transactions exceeding 6 million.
- Number tThe company’s total KOLs exceed 10,000 worldwide.
- Over 2 million users in over 40 countries and regions, including Japan, South Korea, Southeast Asia, Russia, Turkey, etc.
- No service interruptions despite extreme market conditions and security risks, and no security incidents since launch.
To keep up to date with all Bitget news, you can follow them on TwitterTelegram and on their website.
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