Bitget Wallet has announced a new staking program for its BGB token, offering users the opportunity to earn 5% annual returns and 20,000 Morph Points.
Better Returns and Security
The company announced a special staking program running from February 14 to 21, 2025. Participants can stake tokens through Bitget Wallet's BGB Center or the 'Earn' section on Bitget Exchange. The program has a capacity for 350,000 BGB tokens. Participants are offered a 90-day staking period, 5% annual returns, access to 20,000 Morph Points, and 1 Morph Point for every 15 BGB staked.
BGB Shows Momentum
According to the release, the BGB token has shown impressive growth recently, increasing in price by more than 320% over recent months. This growth is driven by an increasing number of utility avenues for BGB and regular BGB burns to reduce supply. Bitget plans to buy back and burn tokens every three months, making the remaining tokens more valuable.
Connecting DeFi with the Real World
Alvin Kan, COO of Bitget Wallet, says this growth highlights the importance of the BGB token in the Web3 ecosystem. "BGB's rapid growth reflects its key role in the Web3 ecosystem. As we continue expanding BGB's utilities in staking, payments, and decentralized finance, we are committed to creating long-term value and a dynamic, sustainable community," said Kan.
This move by Bitget Wallet highlights how Web3 companies are expanding the usability of digital assets in everyday life. By offering attractive staking options and real-world benefits, Bitget Wallet helps bridge the gap between traditional finance and the crypto world.
