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Bitget: New Era of Multi-Chain Gas Payments with BGB

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by Giorgi Kostiuk

a year ago

Cryptocurrency provider Bitget has shared updates about its BGB token, which will become a crucial element for payments across various blockchains starting 2025.

A New Future for BGB

Starting in January 2025, BGB will be the main choice for multi-chain gas payments with the new GetGas feature. Users can easily conduct transactions across blockchains like Ethereum, Solana, BNB Chain, and others by paying gas fees with BGB, USDT, or USDC.

Benefits of Using BGB

The main idea of the innovation is to simplify transactions and reduce user costs. Moreover, the Bitget Reward Center will allow users to earn free gas vouchers by completing simple tasks, further reducing transaction expenses.

This integration of multi-chain gas payments is designed to open up new opportunities in decentralized finance and make technology easier to use.Alvin Kan, COO Bitget Wallet

BGB Token Burn Plan

Bitget plans to reduce the total BGB token supply by 40%, cutting the number of tokens from 2 billion to 1.2 billion. Beginning in 2025, the company will initiate quarterly token burns, using 20% of its profits from exchange and wallet operations for this effort.

With these changes, Bitget aims to make decentralized technology more accessible and user-friendly for a broader audience.

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