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Introduction to Bitget Token (BGB) coin issuance price and quantity
Bitget Token (BGB), the native token of the Bitget cryptocurrency exchange, offers utility in fee payments and staking rewards, and is listed on major exchanges like Binance and Huobi.
Dec 21, 2024 at 08:02 pm
Key Points
- Bitget Token (BGB) is the native token of the Bitget cryptocurrency exchange.
- BGB was issued at a price of $0.10 USD per token.
- A total of 1 billion BGB tokens were issued.
- BGB is used to pay for fees on the Bitget exchange, and can also be staked to earn rewards.
- BGB is listed on several major cryptocurrency exchanges, including Binance, Huobi, and OKEx.
Introduction
Bitget Token (BGB) is the native token of the Bitget cryptocurrency exchange. BGB was issued in 2021 through an initial exchange offering (IEO) on the Bitget platform. The IEO raised a total of $100 million USD.
BGB is a utility token that is used to pay for fees on the Bitget exchange. It can also be staked to earn rewards. BGB is listed on several major cryptocurrency exchanges, including Binance, Huobi, and OKEx.
Issuance Price and Quantity
BGB was issued at a price of $0.10 USD per token. A total of 1 billion BGB tokens were issued. Of these, 50% were sold in the IEO, 20% were allocated to the Bitget team, and 30% were reserved for future development.
Use Cases
BGB is used to pay for fees on the Bitget exchange. These fees include trading fees, withdrawal fees, and deposit fees. BGB can also be used to purchase VIP membership on the Bitget platform.
BGB can also be staked to earn rewards. These rewards are paid out in BGB tokens. The amount of rewards that are paid out is based on the amount of BGB that is staked, as well as the length of time that it is staked.
Listings
BGB is listed on several major cryptocurrency exchanges, including:
- Binance
- Huobi
- OKEx
- Gate.io
- KuCoin
FAQs
What is the total supply of BGB tokens?
- The total supply of BGB tokens is 1 billion.
What is the circulating supply of BGB tokens?
- The circulating supply of BGB tokens is approximately 500 million.
What is the market capitalization of BGB?
- The market capitalization of BGB is approximately $500 million USD.
What is the price of BGB today?
- The price of BGB today is approximately $1.00 USD.
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