• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana Experiences Significant Outflows Amid Market Uncertainty

chest

Solana experiences significant outflows amid market uncertainty, with over 1 million SOL leaving centralized exchanges in a 72-hour period.

user avatarLi Weicheng

Solana Faces Critical Support and Resistance Levels

chest

Analysts highlight Solana's struggle between fragile support and overhead resistance, with critical levels identified. Currently, Solana is consolidating around the $83-$87 area, which is viewed as critical short-term support.

user avatarAisha Farooq

Robinhood Reports Fourth Quarter Revenue of $128 Billion

chest

Robinhood reported fourth quarter revenue of $128 billion, a 27% year-over-year increase, but net income fell 33% to $605 million, leading to a 6.5% drop in stock price.

user avatarTenzin Dorje

Robinhood Expands Prediction Markets Amid NFL Season

chest

Robinhood has expanded its prediction market offerings to allow customers to make parlay-like bets, capitalizing on the surge in gambling during the NFL postseason.

user avatarBayarjavkhlan Ganbaatar

Bitmine Immersion Boosts Ethereum Holdings Amid Market Volatility

chest

Despite market volatility, institutional investors like Bitmine Immersion are increasing their Ethereum holdings.

user avatarElias Mukuru

XRP's Long-Term Outlook Remains Bullish Despite Short-Term Pain

chest

Diana connects XRP's current pullback to a larger cup-and-handle formation, suggesting a bullish continuation.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.