Cryptocurrency exchange Bitget $BGB releases new whitepaper, advances utility of its token
has recently announced an update to its white paper with an injection of fresh features and perks for BGB token holders.The updated section of Bitget’s white paper is largely devoted to the native BGB token and its many new use cases. Among the most interesting introductions in the latest edition is the mention of several new use cases that will be incorporated into the token, making it an essential element of the rapidly expanding Bitget ecosystem.
The most interesting features that Bitget promises to introduce are the BGB lottery – a perk holders of the asset and exchange users can expect to leverage for a mix of fun and profits. Another feature is the trial fund that will be used for facilitating futures trading. However, the most noticeable changes entail the introduction of a burn mechanism for deflationary purposes, and the inclusion of several promising passive earning services.
Other benefits the BGB token offers include zero trading fees and access to a variety of functions for which the token acts as an essential keycard. Traders are known to value the BGB token, considering its growing trading volume and price, which has been peaking since February of 2023, when it hit the $0.51 per token mark and soared over 500% in trading volume growth.
The Bitget ecosystem has been on the path of aggressive expansion well beyond the crypto derivatives trading arena, as testified by the recently announced newy. The exchange is moving towards full Web3 integration with the acquisition of the BitKeep Wallet and its rebranding into Bitget Wallet, a move that added more than 9 million new users to the exchange’s audience.
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