Bitget has officially announced a significant upgrade to its native token, BGB, transforming it into the primary gas and governance token of the Morph blockchain. This strategic shift will greatly expand BGB’s utility beyond its previous role as an exchange-based asset. 220 million BGB tokens will be permanently burned to reduce circulating supply, while the remaining 220 million will gradually unlock at a rate of 2% per month. This controlled release schedule aims to prevent oversupply and maintain a balanced ecosystem. The Morph Foundation is also committed to dynamically adjusting the token’s burn mechanism based on network activity, ultimately aiming for a total token supply of 100 million. The Bitget team is moving away from its traditional exchange model towards an active role in blockchain infrastructure with this move. This will create opportunities for users and investors as BGB becomes a critical component of the Morph ecosystem. As blockchain activity on Morph increases, demand for BGB could rise further.