Bitget Token

BGB's clearest live function is a 20% discount on eligible Bitget spot and spot-margin fees. Users must enable deduction and keep enough BGB in the correct account. An insufficient balance makes the exchange charge the entire fee in the traded asset.

Launchpool is another operated benefit. It requires KYC and an eligible region; each offer sets assets, caps and timing. Bitget's terms reserve discretion to vary those rules and warn that unlocking can be delayed. Token ownership is therefore access under a contract, not ownership of the exchange.

Bitget Wallet once used BWB. In December 2024 Bitget chose BGB as the combined ecosystem token and calculated 0.08563 BGB per BWB from seven closing prices. It said the conversion would not create new BGB.

That merger expanded Wallet use without making BGB native gas on every supported chain. GetGas uses BGB as a payment source to cover other networks' fees. Paying a wallet service, trading as a bridged token and being a network's native currency are different functions.

Bitget sent 800 million team-held BGB to a dead address in December 2024. It first promised quarterly buybacks equal to 20% of exchange and wallet profit, then replaced that with GetGas usage, price inputs, adjustable constants and a fixed amount. Q1 and Q2 2025 each removed roughly 30 million.

The transfers reduce spendable supply but do not change ERC-20 totalSupply, which remains two billion. Bitget's smaller figures subtract the dead-address balance. A reader comparing an explorer with an announcement must therefore ask which supply definition is being used.

In September 2025, the rule changed again: Morph activity would drive burns until total BGB supply is reduced to 100 million. That target is a roadmap, not immutable token code, and its pace depends on decisions and measurements outside the original Ethereum contract.

Bitget announced that 440 million controlled BGB would move to Morph Foundation: 220 million for burning and 220 million locked, releasing 2% monthly for broad ecosystem purposes. It also made the foundation solely responsible for the future roadmap.

Implementation arrived in stages. Bitget’s January 2026 report still described BGB gas support as upcoming, and the February swap moved Morph BGB to a new contract at 1:1. Current network settings list ETH for chain 2818, but current AltFee documentation explicitly supports BGB payment through Type 0x7F transactions with token_id 4 and sequencer-level fee deduction without ETH. The earlier promise and current payment documentation describe different stages. The reviewed sources do not establish the activation date, a full native-currency replacement or completed holder governance.