How much is the circulation of Bitget Token (BGB) coins?

With a total supply of 2 billion and a circulating supply of approximately 689 million as of January 11, 2023, Bitget Token (BGB) powers various functions on the Bitget exchange.

Dec 28, 2024 at 05:42 am

Key Points:

• Bitget Token (BGB) is a native utility token of the Bitget cryptocurrency exchange.
• BGB has a total supply of 2,000,000,000 tokens.
• As of January 11, 2023, the circulating supply of BGB is approximately 688,686,798 tokens.
• BGB is used for various purposes on the Bitget exchange, including trading fee discounts, staking rewards, and governance voting.
• The circulating supply of BGB may change over time due to token burns and new token issuance.

Detailed Explanation:

1. Total Supply of Bitget Token (BGB)

The total supply of Bitget Token (BGB) is 2,000,000,000 tokens. This means that a maximum of 2 billion BGB tokens will ever be issued. The total supply was set at the time of BGB's launch in February 2022.

2. Circulating Supply of Bitget Token (BGB)

The circulating supply of Bitget Token (BGB) refers to the number of BGB tokens that are currently in circulation. This includes BGB tokens that are held by users, traded on exchanges, or staked on the Bitget platform. As of January 11, 2023, the circulating supply of BGB is approximately 688,686,798 tokens.

3. Use Cases of Bitget Token (BGB)

BGB is used for various purposes on the Bitget cryptocurrency exchange, including:

• Trading fee discounts: BGB holders can receive discounts on trading fees when using the Bitget exchange. The discount percentage varies depending on the amount of BGB held.
• Staking rewards: BGB holders can stake their tokens on the Bitget platform to earn rewards. The rewards are paid in BGB tokens and the reward rate varies depending on the staking period.
• Governance voting: BGB holders can participate in the governance of the Bitget platform by voting on proposals that affect the platform's development. The voting power of BGB holders is proportionate to the amount of BGB tokens held.

4. Changes in Circulating Supply of Bitget Token (BGB)

The circulating supply of BGB may change over time due to token burns and new token issuance. Token burns reduce the circulating supply by permanently removing BGB tokens from circulation, while new token issuance increases the circulating supply.

• Token burns: Bitget periodically conducts token burns to reduce the circulating supply of BGB. Token burns are usually done in conjunction with BGB buyback programs.
• New token issuance: New BGB tokens may be issued by Bitget for various purposes, such as rewarding early adopters or supporting new initiatives.

FAQs:

Q: What is the purpose of Bitget Token (BGB)?
A: BGB is the native utility token of the Bitget cryptocurrency exchange. It is used for various purposes on the platform, including trading fee discounts, staking rewards, and governance voting.

Q: What is the total supply of Bitget Token (BGB)?
A: The total supply of BGB is 2,000,000,000 tokens.

Q: What is the circulating supply of Bitget Token (BGB)?
A: As of January 11, 2023, the circulating supply of BGB is approximately 688,686,798 tokens.

Q: Can the circulating supply of Bitget Token (BGB) change over time?
A: Yes, the circulating supply of BGB may change over time due to token burns and new token issuance.

Q: How can I acquire Bitget Token (BGB)?
A: BGB can be acquired by trading on supported cryptocurrency exchanges, such as Bitget, Binance, and Huobi.