What are the technical specifications of the Bitget Token (BGB) coin blockchain?

On the Bitget exchange, the BGB token fuels operations as a utility, facilitating trading fee payments, governance participation, and exclusive platform access.

Dec 26, 2024 at 06:09 am

Key Points

• Bitget Token (BGB) is a utility token that powers the Bitget cryptocurrency exchange.
• BGB has a maximum supply of 2 billion tokens and is currently trading at around $0.25.
• BGB is used to pay for trading fees, participate in voting, and access exclusive features on the Bitget platform.

Technical Specifications

• Blockchain: Ethereum
• Token Symbol: BGB
• Token Standard: ERC-20
• Maximum Supply: 2 billion BGB
• Circulating Supply: 1.5 billion BGB
• Block Time: 15 seconds
• Consensus Algorithm: Proof-of-Work (PoW)
• Transaction Fees: 0.1% of transaction value
• Smart Contract Address: 0x44C1F74a169d965619195F8785b8787306cB8d50

Use Cases

BGB can be used for a variety of purposes on the Bitget platform, including:

• Trading Fees: BGB can be used to pay for trading fees on the Bitget exchange.
• Staking: BGB can be staked to earn rewards and access exclusive features.
• Voting: BGB holders can vote on proposals to improve the Bitget platform.
• Access to Exclusive Features: BGB holders can access exclusive features on the Bitget platform, such as early access to new listings and discounts on trading fees.

FAQs

• What is the price of BGB?

BGB is currently trading at around $0.25.

• What is the maximum supply of BGB?

The maximum supply of BGB is 2 billion tokens.

• What is the circulating supply of BGB?

The circulating supply of BGB is 1.5 billion tokens.

• What is the block time of the BGB blockchain?

The block time of the BGB blockchain is 15 seconds.

• What consensus algorithm does the BGB blockchain use?

The BGB blockchain uses the Proof-of-Work (PoW) consensus algorithm.

• What are the transaction fees on the BGB blockchain?

The transaction fees on the BGB blockchain are 0.1% of transaction value.

• What is the smart contract address of the BGB token?

The smart contract address of the BGB token is 0x44C1F74a169d965619195F8785b8787306cB8d50.