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News

Bitget Wallet Token Merger Boosts BGB Price And Trading Volume

9 hours ago - Around 2 mins mins to read

Key Points:

  • Bitget Wallet Token Merger integrates BWB and BGB, strengthening the ecosystem and enhancing token utility.
  • Post-merger, BGB fuels Bitget Wallet features and expands into global PayFi applications.
Bitget Wallet Token Merger unites BWB and BGB into a single token for Bitget and its wallet, streamlining ecosystem benefits with future offline PayFi use cases.
Bitget Wallet Token Merger Boosts BGB Price And Trading Volume

The Impact of the Bitget Wallet Token Merger on BGB

The Bitget Wallet Token Merger marks a paradigm change in the ecosystem by aggregating BWB and BGB into a single, flexible token. The merger simplifies on-chain and off-chain usage situations using BGB as the consolidated token for Bitget and Bitget Wallet. This integration gives the coin fresh characteristics, thereby enabling distributed apps and expanding its crypto function.

As the fuel for the ecosystem, BGB will run multi-chain gas fees and staking in main DeFi systems. Apart from its on-chain usage, the token will shortly be consumed offline for PayFi dining and shopping. These innovations and their rising market value and community support make BGB a top-tier platform token with great future expansion possibilities.

Read more: Bitget Secures Bitcoin Service License In El Salvador

Conversion Rate and Key Details of the Bitget Wallet Token Merger

The merging sets a BWB exchange rate of 0.08563 BGB using a 7-day average closing price. This provides holders openness and justice throughout the changeover. After conversion, someone with 100,000 BWB will get 8,563 BGB. By not raising supply, the swap preserves BGB’s value and scarcity.

Bitget’s platform data set the exchange rate from December 19–25, 2024 (UTC+8), which token holders should know. After the merger, no fresh BGB tokens will be issued. For both token communities, this is a significant event, hence users should visit the Bitget website for updates.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Author

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.