Bitget, a prominent player in the cryptocurrency exchange and Web3 space, has unveiled a fresh whitepaper detailing its native token, Bitget Token (BGB). The latest update unveils a groundbreaking initiative to burn 800 million BGB tokens, currently valued at over $5 billion while outlining strategies to enhance the token’s utility. This action underscores Bitget’s dedication to implementing a deflationary supply model for BGB, enhancing its utility at an accelerated pace.

The latest whitepaper unveils a bold token burn strategy, initiating the immediate and irreversible...