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Summary of Bitget Token (BGB)
Key Points
- Bitget Token (BGB) is the native utility token of Bitget, a crypto centralized exchange (CEX).
- BGB can be used for staking, social trading, profit sharing, and receiving discounts on trading fees.
- Bitget was founded in 2018 and has over 8 million registered users in more than 100 countries.
- Sandra Lou is the CEO and founding member of Bitget.
- BGB provides low transaction costs, is highly scalable, and offers discounted trading fees.
- The current circulating supply of BGB is 1.4 billion with a maximum amount of 2 billion.
Introducing Bitget Token: Empowering the Future of Cryptocurrency Trading
Introducing Bitget Token (BGB): A Comprehensive Overview
Bitget Token (BGB) is the indigenous utility token of Bitget, a prominent crypto centralized exchange (CEX). Launched in July 2021, the revamped BGB token is designed to furnish platform users with a seamless payment solution within the ecosystem.
The utility token of Bitget offers a multifaceted experience for traders, who can leverage it for staking, social trading, profit sharing, or enjoying discounted trading fees. Furthermore, BGB holders are entitled to participate in the launchpad and launchpool, unlocking additional opportunities.
The Visionaries Behind Bitget Token: Meet the Founders
Bitget Token (BGB) is the native cryptocurrency of Bitget, a prominent centralized cryptocurrency exchange (CEX) established in 2018 and registered in the Seychelles. As a rapidly expanding derivatives exchange platform, Bitget has garnered a substantial following, boasting over 8 million registered users spanning more than 100 countries.
Sandra Lou, a seasoned finance professional with nearly a decade of experience in traditional finance, serves as the CEO and founding member of Bitget. Her fascination with Bitcoin, sparked in 2016, led her to delve into the realm of blockchain technology and cryptocurrency investments. This newfound passion prompted her to join the founding team of Bitget in 2017.
Unveiling the Uniqueness of Bitget Token (BGB)
In September 2022, the platform ascended to the esteemed position of third-largest derivatives exchange globally. According to Bitget, the BGB boasts an attractive feature of low transaction costs, attributed to its decentralized blockchain network, which eliminates the need for intermediaries.
The BGB token boasts exceptional scalability, as stated on the website. As the Bitget platform continues to expand, developers guarantee that it can seamlessly handle high transaction volumes without succumbing to congestion.
BGB also affords users of Bitget an array of benefits, including discounted trading fees of up to 20% off, as well as exclusive access to rewards and promotions. Moreover, BGB holders can leverage the flagship product, Copy Trade, to partake in profit sharing. Additionally, they can enjoy early access to projects on the launchpad and stake their tokens to obtain new assets from the launchpool.
What Is the Circulating Supply of Bitget Token (BGB) Coins?
The current circulating supply of Bitget Token stands at 1.4 billion BGB, with a hard cap of 2 billion BGB. The distribution of BGB tokens is allocated as follows: exchange for BFT (Bitget DeFi Token) accounts for 25%; Team Incentives comprise 20%; Branding (KOL) represents 15%; Referrals also constitute 15%; the BGB ecosystem occupies 15%; and the Investor Protection Fund holds 10%.
The Security Architecture of the Bitget Token Network: A Robust Defense Mechanism
Bitget Token (BGB) is erected upon the robust foundation of Ethereum’s blockchain, adhering to the ERC-20 compatibility standard, thereby leveraging a Proof-of-Stake (PoS) consensus mechanism. Notably, BGB tokens can be safely stored in any wallet that supports Ethereum (ETH), ensuring seamless compatibility.
Furthermore, the exchange has obtained Money Services Business (MSB) licenses in both the United States and Canada. Notably, the platform adheres to Know-Your-Customer (KYC) regulations, mandating identity verification as a prerequisite for accessing financial activities.
Acquiring Bitget Token (BGB): A Comprehensive Guide to Exchanges and Platforms
The Bitget Token (BGB) can be acquired directly on the Bitget exchange platform. Additionally, it is listed for trading on the esteemed Bitfinex exchange.
Stay ahead of the curve with the CMC mobile app, providing real-time price tracking for BGB and beyond.
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