What is BGB, and what is its purpose?

BGB is the Bitget exchange’s native utility token. It provides benefits such as trading fee discounts, access to new projects, and profit-sharing opportunities. The token enhances user experience by integrating seamlessly into Bitget’s trading ecosystem.

You can buy BGB on the Bitget exchange (or any other platform where it is listed) by creating an account, completing KYC verification, and depositing funds. Once verified, visit its spot market, search for a BGB trading pair, and place your order. You can store the purchased tokens on Bitget or transfer them to an Ethereum-compatible wallet.

What are the benefits of holding BGB?

By holding BGB, you gain early access to new projects, transaction fee discounts, and profit-sharing opportunities. Additionally, you also get access to events like Groupcoin, BGB lottery rewards, and higher APY returns through the BGB Earn program. These benefits can collectively improve your overall trading efficiency while providing recurring incentives.

Does BGB have a deflationary mechanism?

Yes, Bitget implements a buyback and burn strategy to reduce the circulating supply of BGB. This deflationary mechanism creates scarcity and supports the token’s long-term value. As Bitget’s ecosystem grows, the buyback process further enhances BGB’s demand and utility.