Bitget is rebranding. [Learn more](https://www.bitget.com/blog/articles/trade-smarter-with-the-new-bitget)
## What Is Bitget Token (BGB)?

Bitget Token (BGB) is the native [utility token](https://coinmarketcap.com/alexandria/glossary/utility-token) of [Bitget](https://coinmarketcap.com/exchanges/bitget/), a crypto [centralized exchange](https://coinmarketcap.com/alexandria/glossary/centralized-exchange-cex) (CEX). The updated BGB token was launched in July 2021 with the aim of providing platform users with a form of payment within the ecosystem.

The utility token of Bitget can be used by traders for staking, social trading, profit sharing or receiving discounts on trading fees. BGB holders can also participate in the launchpad and launchpool.


## Who Are the Founders of Bitget Token?

Bitget Token (BGB) is the exchange token of Bitget, a centralized cryptocurrency exchange ([CEX](https://coinmarketcap.com/alexandria/glossary/centralized-exchange-cex)). The social trading platform was founded in 2018, and registered in the Seychelles. Bitget is a fast-growing derivatives exchange platform with over 8 million registered users in more than 100 countries.

Sandra Lou is the CEO and founding member of Bitget. Lou has nearly 10 years of experience in the traditional financial industry. In 2016, she was introduced to Bitcoin, gained interest in blockchain technology and investing within the crypto industry. In 2017, she joined the founding team of Bitget.


## What Makes Bitget Token (BGB) Unique?

In September 2022, the platform became the third-largest derivatives exchange in the world. According to Bitget, BGB provides low transaction costs as it uses a decentralized blockchain network with no middlemen. 

BGB token is highly scalable, according to the website. As the Bitget platform grows, developers ensure that it can manage high transaction volumes without getting congested.

BGB also offers discounted trading fees of up to 20% off, and access to exclusive rewards and promotions to users of Bitget. With BGB, users can profit share using the Bitget flagship product, Copy Trade. Furthermore, holders of BGB can gain early access to projects on the launchpad, or stake and obtain tokens from the launchpool.


### Related Pages:

Read about [KuCoin (KCS)](https://coinmarketcap.com/currencies/kucoin-token/) and [Huobi Token (HT)](https://coinmarketcap.com/currencies/huobi-token/).

What are centralized exchanges (CEXs)? Learn more with [CMC glossary](https://coinmarketcap.com/alexandria/glossary/centralized-exchange-cex).

What are web 3.0 cryptocurrencies? Take a deep dive with [CMC Alexandria](https://coinmarketcap.com/alexandria/article/what-are-web-3-cryptocurrencies).


## How Many Bitget Token (BGB) Coins Are There in Circulation?

The current circulating supply of Bitget Token is 1.4 billion BGB with the maximum amount of 2 billion BGB. The distribution of BGB tokens is as follows: exchange for BFT (Bitget DeFi Token) - 25%; Team Incentives - 20%; Branding (KOL) - 15%; Referrals - 15%; BGB ecosystem - 15%; Investor Protection Fund - 10%


## How Is the Bitget Token Network Secured?

Bitget Token (BGB) is built on top of [Ethereum](https://coinmarketcap.com/currencies/ethereum/)’s blockchain according to the [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) compatibility standard, which means it relies on a Proof-of-Stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus mechanism. BGB tokens can be securely stored on any wallet which supports Ethereum (ETH).

Moreover, the exchange has received MSB licenses in the U.S. and Canada. The platform is [KYC](https://coinmarketcap.com/alexandria/glossary/kyc)-compliant, Bitget requires identity verification to gain access to financial activities.


## Where Can You Buy Bitget Token (BGB)?

Bitget Token (BGB) can be purchased directly on the [Bitget](https://coinmarketcap.com/exchanges/bitget/) exchange. BGB is also available for trading on [Bitfinex](https://coinmarketcap.com/exchanges/bitfinex/).

Download the CMC [mobile app](https://coinmarketcap.com/mobile/) to track prices of BGB in real-time.

Bitget Token

Trust Wallet

MetaMask

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Pendle

Lido DAO

Gala

Wormhole

Fetch.ai

SingularityNET

Maker

Ondo

The Graph

Worldcoin

ether.fi Staked ETH

Dopex

Pancake Games

LuckysLeprecoin

ZynCoin

OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx. The exchange is one of the largest in the world andcurrently ranks third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. OKEx is similar in many aspects to the cryptocurrency exchange giantBinance, but there are a few key differences. The OKEx platform has its owncloud mining service, and the company has a more focused reach in providing options trading for users. Meanwhile, Binance strives to offer a broad range of crypto services globally.

OKB is the OKEx utility token that enables users to access the crypto exchange's special features. The coin is used to calculate and pay trading fees, grant users access to voting and governance on the platform, and reward users for holding OKB.

OKEx has become a world-leading trading floor since its launch in 2017. The platform launched in the spring of 2017 and emerged as an offshoot from the original OKCoin platform (operating since 2013 in China). OKCoin now focuses on exchanging fiat for crypto, while OKEx focuses on crypto trading with a built-inAPI for algorithmic trading. The exchange also gives users access to a multi-currency wallet and functions formargin trading.

Mantle Network is an L2 technology stack for scaling Ethereum, and is the first core product of Mantle Ecosystem. Mantle Network strives to be compatible with the Ethereum Virtual Machine. Mantle Network’s modular architecture separates transaction execution, data availability, and
transaction finality into modules — which can be individually upgraded and adopt the latest
innovations.

As the world’s first DAO-spawned L2, Mantle Network is pioneering a vision for the mass adoption of token-governed technologies.

MNT is the native token used for:

Paying gas fees

Growing the ecosystem

Governance by the community

Mantle

MX TOKEN (MX) is the native cryptocurrency token released by centralized exchange (CEX) MEXC in 2019. MX powers the MEXC ecosystem and provides its holders with access to unique functionality and other benefits of the platform. Holders have the right to vote on business decisions, team elections and gain priority participation in activities and more.

MEXC is a crypto exchange and P2P platform that provides access to spot, margin and futures trading. The exchange offers a versatile digital asset trading service, passive investment staking, DeFi tools and more. MEXC supports buy/sell transactions using fiat through the P2P market.

MX TOKEN

KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.

KuCoin has also announced that “Empowering KCS'' will be a key priority of KuCoin and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. In the long run, KCS performs as the key to the entire KuCoin ecosystem. With the development of DEX and KuChain, KCS will also be the underlying fuel and general token for future KuCoin decentralized products. More details will likely be released in the near future.

KuCoin Token

Sui is a groundbreaking layer-1 blockchain platform designed to support the needs of global adoption by offering a secure, powerful, and scalable development platform. At its core, Sui leverages a novel object-centric data model and the secure Move programming language to address inefficiencies prevalent in existing blockchain architectures.

On top of strong technical foundations, Sui prioritizes user experience by eliminating barriers commonly associated with blockchain interactions. Through innovations like zkLogin, sponsored transactions, and programmable transaction blocks, Sui creates a higher standard for user experience within Web3 by ensuring applications are accessible and user-friendly.

RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token.
During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.

Render

Arbitrum is an Ethereum layer-two (L2) scaling solution. It uses optimistic rollups to achieve its goal of improving speed, scalability and cost-efficiency on Ethereum. Arbitrum benefits from the security and compatibility of Ethereum. Another benefit is the higher throughput and lower fees compared to Ethereum. That is made possible thanks to moving most of the computation and storage load off-chain.

Arbitrum’s native token is called ARB and is used for governance. Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure — the Arbitrum DAO. ARB holders can vote on proposals that affect the features, protocol upgrades, funds allocation and election of a Security Council.

Arbitrum has an ambitious roadmap for 2023, which includes: Launching its own layer-three solution called Orbit; Enabling developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus; Expanding its validator set to include more independent institutional validators; Moving its protocol to layer two with Arbitrum One.

On March 16, 2023,  Arbitrum announced their highly anticipated airdrop of ARB. The token will be airdropped to early users and DAOs building on Arbitrum, with 12.75% of the total supply to be distributed. Recipients were rewarded on a point-based system depending on their interaction with the Arbitrum network until a cutoff date of March 1, 2023. The token generation event is on March 23, 2023.

Arbitrum

Kaspa is a proof-of-work (PoW) cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency.

The Kaspa implementation includes a lot of cool features such as Reachability to query the DAG's topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.

Kaspa

Celestia

ORDI

Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.

Optimism

The mission of the Worldcoin project is to build the world’s largest identity and financial network as a public utility, giving ownership to everyone.

The Worldcoin system revolves around World ID, a privacy-preserving global identity network. World ID enables users to verify their humanness online ("Proof of Personhood") while maintaining their privacy through zero-knowledge proofs.

To engage with the Worldcoin protocol, individuals must first download World App, the first wallet app that supports the creation of a World ID. Individuals visit a physical imaging device called the Orb to get their World ID Orb-verified. Most Orbs are operated by a network of independent local businesses called Orb Operators. The Orb uses multispectral sensors to verify humanness and uniqueness, with all images being promptly deleted on-device per default (absent explicit consent to Data Custody).

All Orb-verified World IDs holders are entitled to claim recurring grants of free WLD tokens (WLD tokens are not available in the US; see the Worldcoin Tokenomics section of the project's whitepaper for details). This has the potential to make WLD the most widely distributed digital currency.

The WLD token is designed as a utility token with governance properties, empowering users by giving them a say over the future of the protocol. Beyond conventional "one-token-one-vote" governance mechanisms, the introduction of World ID paves the way for "one-person-one-vote" mechanisms. These two mechanisms can also be combined to enable new ways of governance. After launch, the Worldcoin Foundation will solicit proposals and work with the community on how World ID and the WLD token should interact in Worldcoin's governance model (see the project's whitepaper for details on governance and decentralization).

The community of users will determine the token's utility, but a few other use cases in addition to governance could emerge. For example, users may decide to use the WLD token to pay for certain actions in World App or another wallet app, to make other payments, or to signal their approval for certain initiatives or causes.

WLD is an ERC-20 token on Ethereum. Individuals will receive their user grants on Optimism Mainnet. Therefore, most WLD transactions will likely take place on the Optimism network.

Manta Network

Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers.

Aptos’s vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems.

The PoS blockchain can achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.

In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round. Fast forward to July, the startup raised another $200 million in a Series A round with participation from Dragonfly, Apollo Global, Franklin Templeton, Animoca, Jump Crypto and others.

Two months later, Binance Labs made a strategic investment of an undisclosed amount in Aptos.

On Oct. 18, 2022, Aptos announced the mainnet launch, while the Aptos genesis occurred on Oct. 12, 2022.

Aptos

Conflux (CFX) is a public layer-1 blockchain that was made to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure by being more scalable, decentralized, and secure than existing protocols.

Conflux makes it easier to transfer valuable assets by making the process quick, effective, free of network congestion, and with low transaction costs. The platform is based on the Tree-Graph consensus mechanism, and it combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. The protocol uses Turing-complete smart contracts written in Solidity, just like those on  Ethereum, and is compatible with the EVM (Ethereum Virtual Machine).

Conflux's growth is fueled by CFX, the platform's native token, which gives users financial incentives to participate and engage more. The token is used to pay transaction fees, govern the network, and is given as compensation to miners who help secure the network via staking.

Conflux

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.

Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time.

All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin.

Stacks

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”

Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.

NEAR Protocol

GateChain is a public blockchain which facilitates digital asset transfers, and claims to be “dedicated to asset safety.”

The network’s native token is GateToken (GT). It’s mainly used to pay transaction fees, but users can also stake it to validate transactions and secure the network in exchange for rewards.

GateChain offers an on-chain wallet for users to manage their digital assets directly on the network itself, thereby eliminating the need for a third-party wallet. It’s also fully integrated with the Ethereum Virtual Machine (EVM), making it easy to deploy Ethereum-based smart contracts on the platform.