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Show Coin Info
Price
4.72 USD
% Change
1.52%
Market Cap
3.29B USD
Volume
216M USD
Circulating Supply
699M
32954% from all time low
79% to all time high
12768% from all time low
246% to all time high
35% are in circulation
Circulating Supply
699,992,035.978791
Max Supply
2,000,000,000

Bitget Token to Hold Token Burn

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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
43.88%
Now (Added 9 months ago)
The event is about to begin
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Added by Alika
Dec 27 13:40 (UTC)
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