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by: xpoolPosted on: April 9, 2025

Bitget Announces $120 Million Token Burn Through Enhanced Utility-Based Mechanism

Crypto exchange Bitget is initiating a significant tokenomics update with the announcement of a quarterly burn mechanism designed to align with real on-chain activity. The new mechanism will see the burning of approximately 30 million BGB tokens, valued at over $120 million at current market prices, during the first quarter of 2025.

Related posts:

  1. Bitget Implements New Burn Mechanism, Burning $120 Million in BGB
  2. Bybit repays Bitget Loan After Major $1.4 Billion Crypto Hack
  3. Bitget Launches BGB Utility Boost: Onchain Staking Offers Increased Rewards
  4. Bitget Announces Delist of Six Spot Trading Pairs: Impact and Actionable Insights
BGB Bitget Cryptocurrency

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