Bitget Token
BGB
Bitget Token Price, BGB Price, Live Charts and Marketcap
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Price of Bitget Token today
The live price of Bitget Token is $4.39 per (BGB / USD) today with a current market cap of $-102.8M USD. The 24-hour trading volume is $61.2M USD. BGB to USD price is updated in real time. Bitget Token is -1.77 % in the last 24 hours. It has a circulating supply of 1,169,993,089.20 .
What is the highest price of BGB?
BGB has an all-time high (ATH) of $8.45, recorded on 27-12-2024.
What is the lowest price of BGB?
BGB has an all-time low (ATL) of $0.014, recorded on 25-06-2020.
Bitget Token market information
Bitget Token Information
The information about Bitget Token (BGB) token is:
Bitget Token (BGB) is an ERC-20 token launched on the Ethereum blockchain, serving as the native utility token for the Bitget ecosystem, which includes both the centralized Bitget exchange and the decentralized Bitget Wallet.
The token was introduced in July 2021 by Bitget, a cryptocurrency trading platform established in 2018, founded by a team with experience from global firms like Goldman Sachs, Facebook, and Binance, including key figures such as CEO Gracy Chen and COO Vugar Usi Zade.
BGB has an initial total supply of 2 billion tokens, with 800 million burned on December 30, 2024, reducing the total supply to 1.2 billion, all of which are now in circulation, as part of a strategy to enhance ecosystem strength.
The token’s utility spans multiple functions within the Bitget ecosystem, including reducing trading fees (e.g., 20% discount on spot trading, with plans for futures), staking for passive rewards (previously noted at 4.26% APY), and accessing exclusive features like the Bitget Launchpad and Launchpool for early token sales.
BGB operates under the Ethereum smart contract address 0x54d2252757e1672eead234d27b1270728ff90581, ensuring compatibility with Ethereum-based wallets like MetaMask and decentralized exchanges such as Uniswap.
The token supports a variety of applications, including token farming, participation in wealth management products for additional income, and use as collateral in contract trading, particularly in Bitget’s Coin-M futures product.
Governance is another key feature, with BGB holders able to vote on platform decisions, such as which projects to list, and gain VIP privileges, enhancing user engagement across Bitget’s centralized finance (CeFi) and decentralized finance (DeFi) offerings.
Posts on X and web sources indicate that starting in 2025, Bitget plans a quarterly buyback and burn program, allocating 20% of its profits from exchange and wallet operations to further reduce BGB supply, transitioning it into a deflationary model.
The ecosystem aims to bridge Web2 and Web3, with BGB facilitating payments via Bitget Pay and Card, and offering perks like free daily withdrawals, positioning it as a versatile token for trading, staking, and community-driven initiatives.