ANI PR Wire
25 Apr 2023, 16:15 GMT+10
Bengaluru (Karnataka) [India], April 25 (ANI/PRNewswire): Bitget, world's largest crypto copy trading platform has released the latest whitepaper of its native token BGB. The newly released document outlines the advantages BGB provides as a utility asset within the framework of the Bitget platform. BGB Latest Whitepaper Reveals Plan For New Utilities And Burn Mechanism Similar To BNB's.
The benefits users reap will range from profit-sharing benefits to early access to new crypto-blockchain projects. In addition to this, BGB holders will receive offers, discounts, higher APY and more importantly the right to vote to list assets on the exchange platform.
Not just this, as a part of the token's economic side, a BGB buyback and burn mechanism is also being considered to reduce the token's circulating supply and eventually boost its value.
The latest version of BGB's whitepaper presents the exchange's plans to introduce new utilities of the native platform token, and outlines its future development path. Bitget aims to push further into the copy trading market and integrate both DeFi and CeFi on its platform. This integration will offer users a wider range of financial products and services, providing them with a seamless and more robust trading experience.
BGB as a utility token plays a vital role in Bitget's ecosystem. With a circulating supply of 1.4 billion BGB coins and a total supply of 2 billion, it provides users with access to exclusive privileges and various rights on the Bitget exchange, including fee discounts, opportunities to join the Launchpad and Launchpool services to access high-quality tokens, vote for project listings, and many others.
"We believe that the crypto ecosystem should be simple, secure, and accessible for everyone worldwide, and we are committed to making this vision a reality through our ongoing efforts to enhance BGB and expand our offerings," said Gracy Chen, Managing Director at Bitget.
"Bitget will continue expanding the lineup of products and services, which will integrate with the BGB use cases and innovation, providing our users with access to exclusive privileges and rights," she added.
BGB has seen impressive performance during the last few months, reaching its all-time high value of USD 0.51 in February 2023 and achieving up to 500 per cent growth in terms of trading volume. According to Coingecko, it is the 9th largest CEX token in terms of market cap with a 24h volume of 10 million.
Established in 2018, Bitget is the world's leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.
Download: Latest BGB Whitepaper
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: [email protected]
This story has been provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)
Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
Birmingham [UK], July 6 (ANI): England batting coach Marcus Trescothick claimed that they are willing to play for a draw in the ongoing...
Birmingham [UK], July 6 (ANI): Indian bowling coach Morne Morkel hailed skipper Shubman Gill after a record-breaking outing at Birmingham,...
Buenos Aires [Argentina], July 6 (ANI): After concluding his visit to Argentina on Saturday, Prime Minister Narendra Modi departed...
Birmingham [UK], July 6 (ANI): Following Indian pacers' fine day during the second Test against England, bowling coach Morne Morkel...