Bitget Unveils Over $5 Billion Worth of BGB Token Burn in New Whitepaper

Quick Summary:

Additionally, BGB will power Bitget Wallet services, such as multi-chain gas fee payments, while extending its use cases to everyday PayFi scenarios.

Bitget recently announced the merger of Bitget Token (BGB) and Bitget Wallet Token (BWB).

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.

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Article Details

Author / Journalist: Chainwire

Category: Crypto

Markets: United Arab EmiratesSeychelles

Topics: Cryptocurrency Token Burn Bitget Bitget’s Exchange Wallet Utility Crypto Whitepaper Supply

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 12:22:07 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 801 words

Reading Time: 5 minutes read

Sentences: 43 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 24695601

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