Bitget is intensifying its deflationary approach for the BGB token by implementing large-scale token burns. In the competitive centralized exchange market, could token burning emerge as a vital tool to boost the intrinsic value of exchange-native tokens? Bitget recently burned 30 million BGB tokens in Q1 2025, reducing the circulating supply by 2.5%. A significant burn of 800 million BGB in December 2024 decreased the supply from 2 billion to 1.2 billion tokens. Bitget plans to allocate 20% of profits for quarterly buybacks and burns, aiming to enhance BGB’s long-term value. While BGB hit an all-time high in 2025, it still trails behind BNB’s success. To sustain growth, Bitget is expanding BGB’s utility beyond the blockchain with features like multi-chain gas payments and real-world payment integration. Despite challenges, Bitget’s strategic moves reflect ambitions similar to Binance’s success with BNB.
Read more AI-generated news on: https://app.chaingpt.org/news
Source link