Bitget Wallet is set to revolutionize its operations by prioritizing its native BGB token for multi-chain gas payments via its innovative GetGas feature, starting January 2025. This move aims to streamline transactions across multiple blockchains, enhancing cost efficiency and user experience.

Simplified Transactions Across Multiple Blockchains

The GetGas feature will enable users to pay gas fees using BGB, USDT, or USDC, eliminating the need for unique gas tokens on individual chains. This approach simplifies transactions and reduces expenses for users. The wallet’s Reward Center will also offer opportunities to earn free gas vouchers through simple tasks.

Enhancing Decentralized Technology Accessibility

Alvin Kan, COO of Bitget Wallet, stated, “By integrating multi-chain gas payments, unlocking new possibilities in DeFi and PayFi, and simplifying on-chain interactions, we aim to make decentralized technology accessible and intuitive.” Bitget Wallet currently serves over 60 million users worldwide, making it one of the leading non-custodial wallet providers in the crypto space.

BGB Token Burn and Quarterly Buybacks

Bitget also announced plans to burn 40% of the total BGB token supply, reducing it to 1.2 billion tokens from 2 billion. The firm will commence quarterly BGB token burns starting in 2025, allocating 20% of its profits from exchange and wallet operations to facilitate these burns. This move aims to drive demand for BGB and potentially make it one of the top 10 foundational assets in the crypto industry.

Token Unification and Market Performance

Bitget merged its Bitget Wallet Token (BWB) with the BGB token, streamlining operations and enhancing token utility across its services. According to CryptoSlate data, BGB has increased 15% in the last 24 hours, reaching an all-time high of $8.49, with a market capitalization of over $11 billion.

Source: Cryptoslate.com

Please follow and like us: