What is Bitget Token (BGB)?

Deep Dive

1. Purpose & Value Proposition

BGB serves as the backbone of Bitget’s centralized exchange (CEX) and Morph’s Layer 2 blockchain. On Bitget, it provides fee discounts (up to 20%), VIP status, and early access to high-yield Launchpool projects. Since September 2025, BGB also powers Morph’s transactions and governance, aligning with its shift toward Web3 payment infrastructure (Morph partnership).

2. Tokenomics & Governance

BGB’s supply is capped at 100M (down from 1.2B in 2024) via quarterly burns tied to Morph’s on-chain activity. For example, in Q2 2025, 30M BGB were burned, reducing supply by ~2.6%. The Morph Foundation now oversees governance, with 220M BGB locked and released monthly (2%) for ecosystem incentives.

3. Ecosystem Integration

BGB bridges centralized and decentralized use cases:
- Bitget: Holders earn rewards via staking, trading competitions (e.g., 50K BGB prizes), and exclusive airdrops.
- Morph: Used for gas fees, decentralized app (dApp) governance, and payment solutions like Morph Pay.

Conclusion

BGB uniquely merges CEX utility with blockchain infrastructure, leveraging deflationary burns and cross-platform integration. As Morph’s adoption grows, will BGB’s role in Web3 payments solidify its position beyond exchange-based tokens?