Bitget Completes First-Ever Burn of 800 Million BGB Tokens, Reducing Supply by 40%

Quick Summary:

With the reduction in supply; BGB signifies the foundation of a stronger and more resilient ecosystem that benefits all stakeholders,” said Gracy Chen, CEO at Bitget.

Looking ahead, Bitget has outlined a quarterly BGB burn mechanism set to commence in 2025.

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company.

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Article Details

Author / Journalist: Chainwire

Category: Crypto

Markets: United Arab EmiratesSeychelles

Topics: Supply Bitget Trading Exchange Crypto Wallet Burn Cryptocurrency Users Tokens Token

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-31 @ 11:45:24 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 624 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24784136

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 32 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #125

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