Follow
Show Coin Info
Price
4.61 USD
% Change
0.74%
Market Cap
5.25B USD
Volume
108M USD
Circulating Supply
1.13B
32184% from all time low
83% to all time high
20399% from all time low
117% to all time high
57% are in circulation
Circulating Supply
1,139,992,035.97879
Max Supply
2,000,000,000

Bitget Token to Hold Token Burn

46
Source
Add to Calendar
Share
151

Bitget Token announced that its core team is burning their holdings, reducing the total supply to 1.2 billion tokens. Following this burn, 100% of the tokens will be in circulation.

Starting in 2025, Bitget Token plans to allocate 20% of its quarterly profits to continuous token burns.

Event date: December 27, 2024 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

$BGB executing largest token burn in recent memory. 800M tokens (40% of supply) worth $5B+ to be burned at once

fundamentally changes exchange token dynamics
mechanics: core team burning their holdings, reducing total supply to 1.2B

100% in circulation after burn

starting 2025: 20% of quarterly profits allocated to continuous burns
BGB Price Changes After Event Publication
5.95%
1 day
13.67%
2 days
45.18%
Now (Added 8 months ago)
The event is about to begin
0
D
0
H
0
M
0
S
A
Added by Alika
Dec 27 13:40 (UTC)
2017-2025 Coindar