VICTORIA, Seychelles, Dec. 27, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released a new whitepaper for its native token, Bitget Token (BGB). The update introduces an unprecedented initiative to bu
The new whitepaper introduces an ambitious token burn plan, starting with the immediate and permanent burn of 800 million BGB - 40% of the total supply - reducing the circulating supply to 1.2 billion. Beginning in 2025, Bitget will initiate quarterly burns by allocating 20% of profits from Bitget Exchange and Bitget Wallet, including revenues from spot, futures, and NFT transactions, to buy back and burn BGB. All burn activities will be recorded on-chain, ensuring transparency and accountability to the community. Read More
