Convert Sommelier SOMM to Bitget Token BGB

Sommelier is a non-custodial, cross-chain platform for executing actively-managed DeFi investment strategies. Community members can create Cellars that execute on an investment strategy through smart contracts. Cellars are powered by Strategy Providers (SPs) who develop trading strategies and send the recommended actions to the Sommelier Validators to be executed on the Cellar with the intention of gaining yield. Cellars can be strategies like: A portfolio of BTC and ETH that is rebalanced based on price trends that machine learning algorithms identify An NFT trading strategy that leverages Twitter sentiment around particular collections A strategy that hedges liquidity provision on DEXes Sommelier employs a unique architecture consisting of the Sommelier Cosmos SDK blockchain, an off-chain execution environment that keeps strategies private while allowing them to leverage a wide variety of off-chain data modeling techniques, and one of the best performing ETH bridges. Strategy instructions are passed across this bridge to reposition assets in Cellars. This bridge is also being expanded to allow access to other chains (like Polygon, Avalanche, etc) so strategies are not tied to just high gas ETH markets. Sommelier aggregates and batches transactions, thereby reducing gas fees, providing an attractive alternative to Ethereum’s high transaction costs. As for security, Sommelier uses a decentralized governance mechanism run by validators, ensuring state-of-the-art safety of user funds. Validators pass strategy instructions across the bridge, but users’ assets are never moved across it, instead being deployed directly into Cellars. Further, Cellars are non-custodial, meaning that users can withdraw their assets at any time, while strategy providers never have ownership of those assets.

What is BGB token? BGB is a decentralised token that is the primary token of Morph's blockchain, serving as the gas, governance, and payment token across the layer. Who Are the Founders of Bitget Token? Launched in 2021, Bitget Token (BGB) was initially positioned as the platform token for the Bitget exchange and Bitget Wallet. Behind Bitget is a team of visionary early adopters dedicated to a blockchain-powered future. The leadership team is comprised of seasoned professionals with experience at global giants like Goldman Sachs, Facebook, and Binance, including CEO Gracy Chen, COO Vugar Usi Zade, and CLO Hon Ng. In September 2025, Bitget agreed to a strategic partnership with the Morph chain. The Morph Foundation, a non-profit decentralized organization, is now solely responsible for the future development of BGB. What Makes Bitget Token (BGB) Unique? BGB is the gas and governance token of the Morph chain. At the same time, BGB will also get support from its partners, such as exchanges and wallets, serving as a key medium for Launchpool's new token mining, fee discounts, and more. How Many Bitget Token (BGB) Coins Are There in Circulation? The initial supply of Bitget Token (BGB) is fixed at 2 billion tokens. As of September 2025, the circulating supply of BGB is 699,992,035. The Morph Foundation will update the BGB burn mechanism, linking it to Morph network activity, until the total BGB supply is reduced to 100 million. How Is the Bitget Token Network Secured? Bitget Token (BGB) initially operates on Ethereum's blockchain using the ERC-20 standard and Proof-of-Stake (PoS) consensus, making it compatible with any Ethereum wallet. Following the strategic partnership between Bitget and Morph, a growing number of BGB will be migrated to the Morph chain, as the gas and governance token. Where Can You Buy Bitget Token (BGB)? Bitget Token (BGB) can be purchased directly on the Bitget exchange. BGB is also available for trading on MECX, Bitfinex, Uniswap, and BulbaSwap.