What is BGB
Tokens
1. What is BGB?
Introduction to BGB Cryptocurrency
BGB (Bitget Token) is the native platform token of Bitget, designed to create a simple, secure, and accessible cryptocurrency ecosystem for all users. It provides exclusive benefits for holders, aiming to allow all holders to share the benefits brought by Bitget's growth.
Key Features:
Issuance Information:
Token Name: Bitget Token
Token Symbol: BGB
Blockchain: Ethereum (ERC20)
Total Supply: 2 billion
Issuance Date: 26th July 2021
Distribution Plan:
25% for exchange with BFT holders
20% for team incentives
15% for brand promotion
15% for ecosystem investment fund
15% for user acquisition
10% for investor protection fund
Use Cases:
Initial Subscription: Use BGB to purchase tokens of selected projects in the early investment phase
New Coin Mining: Stake BGB to share quality project tokens for free
Super Airdrop: Eligible BGB holders will receive airdrops of all new crypto assets launched 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, leveraged trading, etc.
In summary, BGB is an important part 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 cryptocurrency trading platform established in 2018, and BGB is its proprietary platform token, designed to provide its holders with rich exclusive benefits and share the dividends of Bitget's growth.
3. Which venture capital invested in BGB?
According to the information provided, Bitget Token (BGB) is the platform coin of the Bitget exchange, and the specific venture capital firms that invested in BGB are not explicitly stated. However, the following points can serve as references:
Bitget's Own Development: Bitget achieved significant milestones in 2024, including its platform coin BGB being rated as one of the Top 10 cryptocurrencies with the best performance in the first half of 2024 by Forbes.
Investments and Partnerships: Although there is no direct mention of which venture capital invested in BGB, Bitget collaborates with several well-known institutions, such as launching the SPARKLET token in partnership with Upland and collaborating with Nansen to publish insights on mining token strategies.
Bitget’s Business Development: In February 2024, Bitget added 39 popular tokens and launched the MPC wallet solution, supporting the TON mainnet, evolving into the largest TON ecosystem wallet.
Bitget’s Strategic Direction: In its 2024 development strategy, Bitget focuses on compliance, emerging markets, and the Web3 space, planning to make efforts in sectors like Bitcoin Layer 2, AI, and RWA.
In conclusion, while there is no direct mention of which venture capital invested in BGB, Bitget's growth and partnerships can serve as a reference.
4. How does BGB operate?
BGB (Bitget Token) is a cryptocurrency that serves as a token for the Bitget platform, designed to create a simple, secure, and accessible cryptocurrency ecosystem for all users. Below is how BGB operates:
Token Economics: The total supply of BGB is 2 billion, with 25% allocated for exchange with BFT (Bitget's old token) holders, while the remaining 75% is distributed among community buybacks, brand building and development, ecosystem investment funds, core team incentives, and investor protection.
Holder Benefits: BGB provides exclusive benefits for holders, including initial subscriptions, discount services, and a deflationary mechanism for new offerings. Holders can use BGB to participate in new coin mining, PoolX staking, and airdrop activities.
Trading Methods: Users can purchase BGB on the Bitget platform through various methods, including spot trading, leveraged trading, contract trading, and fiat currency purchases. Users can also use the small asset exchange feature to trade crypto assets valued at less than or equal to 5 USDT for BGB.
Security: BGB is based on the Ethereum (ERC20) blockchain, featuring security, ease of use, and a close connection to cultures and ideologies around the world.
Issuance Information: The issuance price of BGB is $0.0585, with a circulating supply of 140 million and a total supply of 200 million. The issuance date is 26th July 2021.
In conclusion, as a token of the Bitget platform, BGB aims to promote the rapid development of Web3 by providing exclusive rights and various trading methods.
