What Is BITGET ($BGB)?

BITGET ($BGB) is a cryptocurrency futures and spot trading platform. BITGET aims to make cryptocurrency trading easier and more popular among the masses, thereby becoming a world-class cryptocurrency exchange in the process. BITGET provides users with the option of futures trading, copy trading, C2C trading, and spot trading. 

The platform aims to offer many innovative products like copy trading. The copy trading function of the platform allows users to trace the trading practices of best traders without extensive trading knowledge. Further, the platform also offers trading without users needing to convert their tokens. Moreover, the platform aims to offer industry-leading security and has revived more than twelve A+ ratings from SSL labs.

$BGB is the platform’s native token used in BITGET. $BGB token is ERC20 standard token running on the Ethereum blockchain. The tokens are mainly used for transactions and to avail services of the platform. The holders of $BGB tokens can stake them to get a significant number of rewards, a 15 percent discount on futures transaction fees, and a 30 percent discount on spot transaction fees. Further, BGB can also be used as proof of rights and as a social token of interaction between fans and traders. It is to be noted that before $BGB, BITGET used to have a $BFT (Bitget-Defi) token that is yet to be destroyed and no longer circulated because of the introduction of $BGB.

The tokenomics of the platform suggests that out of the total two billion tokens, 75 percent is to be distributed for different use cases. To illustrate, 15 percent of the tokens are to be used for community development. Another 15 percent is to be used for branding rewards for KOLs and media who have contributed to the platform. Twenty percent is to be used for core team motivation. Ten percent is allocated for investor protection funds, and the remaining 15 percent is to be used for the development of the BITGETs ecosystem.

History BITGET ($BGB)

BGB was launched in 2018. BITGET also has an outstanding R&D of product technology. The platform also has global operations system with users in more than forty countries. Further, the platform also provides its users 24X&7 customer assistance.