The cryptocurrency exchange Bitget has announced the merger of tokens BWB and BGB, thereby creating a single ecosystem token. This decision aims to enhance platform functionality and integrate with various technological solutions.
Merging Tokens into BGB
Bitget has decided to merge the Bitget Wallet Token (BWB) and Bitget Token (BGB) into a single ecosystem token. This merger will allow users to use one token for both the centralized cryptocurrency exchange and the decentralized Bitget Wallet.
Impact on the Ecosystem
The BGB token will be integrated with the Bitget Wallet and support features such as Fair Launchpool and multi-chain gas fee payments. Additionally, it will be integrated into major public chains and decentralized finance ecosystems, becoming a key staking and lending asset.
Company's Additional Plans
The company also plans to expand BGB into offline PayFi applications, enabling payments for services such as dining, travel, and shopping. The total supply of BGB will remain unchanged, and BWB-related operations will cease tomorrow.
The merger of BWB and BGB tokens opens new opportunities for enhancing the Bitget ecosystem, underscoring its commitment to innovation and expanding decentralized finance functionality.
