Bitget, a leading cryptocurrency exchange and Web3 company, has announced an update to the smart contract address for its native token BGB. The development aims to increase the usability and potential of the Bitget (BGB) token, opening up new possibilities for its use in various decentralized applications and future listings on major centralized and decentralized exchanges.
BGB smart contract update details
Bitget will update the BGB smart contract address without changing the total supply of this token. During this update, centralized exchanges will temporarily suspend BGB deposit and withdrawal services, however, BGB trading will still be possible. The platform will list BGB in exchange accounts, and holders with a balance greater than 0.1 BGB will receive a 1:1 airdrop, ensuring that their holdings remain unaffected by the update.
Once the upgrade is complete, BGB’s new capabilities will allow for participation in various decentralized applications, greatly increasing its usability. The BGB token will be able to be used not only on centralized exchanges, but also in AI, DeFi, DEX, GameFi, SocialFi, and other emerging crypto technologies. This expansion is expected to increase demand for BGB while potentially reducing its circulating supply. In short, BGB aims to provide more value and opportunities to its holders.
The recent growth of BGB and the overall business performance of the Bitget ecosystem are closely correlated. We are optimistic about the long-term growth of BGB, and the potential of the entire ecosystem predicts that BGB will maintain its position as the best performing CEX token in the coming months.
– she said Gracy Chen, CEO of Bitget.
About BGB
Launched three years ago in July 2021, BGB serves as the primary token in the Bitget ecosystem, offering users a range of benefits. They can enjoy free withdrawals, discounts on transaction fees, and exclusive access to Launchpad and Launchpool. Additionally, BGB enables the use of the “stake to mine” feature on the Poolx platform.
According to data from Coingecko, BGB is up 141.4% over the past year, reaching its all-time high of $1.44 in June. This success can be attributed to growing adoption, increased usability in the Bitget ecosystem, and positive market sentiment.
The upcoming BGB update highlights Bitget’s long-term commitment to increasing the token’s functionality and adaptability in the rapidly evolving crypto environment. For more information on the BGB contract address update, check out the official announcement.
About Bitget
Bitget is one of the leading cryptocurrency exchanges and Web3 companies in the world. Serving over 20 million users from over 100 countries, Bitget facilitates smart trading with its innovative copy trading feature and a range of other trading tools. Bitget Wallet, formerly known as BitKeep, is a versatile multi-chain crypto wallet that offers users access to a wide range of Web3 solutions and features. The exchange works with trusted partners such as legendary Argentine footballer Lionel Messi and eSports event organizer PGL to promote the use of cryptocurrencies worldwide.
For more information, visit the Bitget website and their profiles at TwitterTelegram, LinkedIn and Discord.
