What is BGB
Tokens
1. What is BGB?
Introduction to BGB Tokens
BGB (Bitget Token) is the native platform token of Bitget, designed to create a simple, secure, and accessible cryptocurrency ecosystem for all users. It offers exclusive benefits to holders, aiming to allow all holders to share in the benefits brought by Bitget's development.
Main Features:
Issuance Information:
Token Name: Bitget Token
Token Symbol: BGB
Underlying Chain: Ethereum (ERC20)
Total Supply: 2 billion
Issuance Date: July 26, 2021
Distribution Plan:
25% for redemption with BFT holders
20% for team incentives
15% for brand promotion
15% for ecological investment funds
15% for user acquisition
10% for investor protection funds
Use Cases:
IPO Subscription: Use BGB to purchase selected project tokens in the early investment phase
PrimePool: Stake BGB to share quality project tokens for free
Super Airdrop: Eligible BGB holders will receive Airdrops of all newly launched crypto assets on the Bitget platform
Ecological System:
BGB is the core of the Bitget ecosystem, designed to enhance user participation and experience
It provides a range of financial services and tools, including copy trading, Margin, etc.
In summary, BGB is an important component of the Bitget platform, aimed at providing users with more rights and opportunities.
2. Who founded BGB?
The Bitget Token (BGB) was founded by the Bitget platform. Bitget is a token trading platform established in 2018, and BGB is its proprietary platform token, aimed at providing its holders with rich exclusive benefits to share in the dividends of Bitget's growth.
3. Which venture capital firms invested in BGB?
According to available information, the Bitget Token (BGB) is the platform coin of the Bitget exchange, and there is no direct information regarding which venture capital firms invested in BGB. However, the following points can serve as a reference:
Bitget's Own Development: Bitget achieved significant milestones in 2024, including its platform coin BGB being rated by Forbes as one of the Top 10 Tokens for best performance in the first half of 2024.
Investment and Partnerships: Although there is no direct mention of which venture capital firms invested in BGB, Bitget has partnered with several well-known institutions, such as launching the SPARKLET token in partnership with Upland and releasing insights on token mining strategies in collaboration with Nansen.
Bitget's Business Development: In February 2024, Bitget added 39 popular tokens and launched the MPC wallet solution, supporting the TON mainnet, becoming the largest TON ecosystem wallet.
Bitget's Strategic Direction: In its development strategy for 2024, Bitget focuses on compliance, emerging markets, and the Web3 sector, and plans to make strides in Bitcoin Layer 2, AI, and RWA tracks.
In conclusion, while there is no direct mention of which venture capital firms invested in BGB, Bitget's development and partnerships can serve as a reference.
4. How does BGB operate?
BGB (Bitget Token) is a token that serves as the token of the Bitget platform, aiming to create a simple, secure, and accessible cryptocurrency ecosystem for all users. Here’s how BGB operates:
Token Economics: The total supply of BGB is 2 billion, with 25% allocated for redemption with BFT (Bitget's old token) holders, and the remaining 75% distributed for community acquisition, brand building and development, ecological investment funds, core team incentives, and investor protection.
Holder Benefits: BGB provides exclusive benefits to holders, including IPO subscriptions, preferential services, and deflationary mechanisms for new investments. Holders can use BGB to participate in PrimePool, PoolX staking, and Airdrop activities.
Trading Methods: Users can purchase BGB on the Bitget platform through various methods, including Spot trading, Margin, Futures trading, and Fiat purchases. Users can also use the small asset exchange feature to exchange cryptocurrency assets worth equal to or less than 5 USDT for BGB.
Security: BGB is based on the Ethereum (ERC20) chain, characterized by security, ease of use, and strong connections to cultures and ideologies around the world.
Issuance Information: BGB was issued at a price of $0.0585, with a circulating supply of 140 million, and a total supply of 200 million. The issuance date was July 26, 2021.
In summary, BGB, as the token of the Bitget platform, aims to promote the rapid development of Web3 by providing exclusive rights and various trading methods.
