BGB (Bitget Token) is an upgraded platform token of Bitget. In order to adapt to the development of the existing platform,
BGB has made adjustments for the rights and interests of application to the original platform token BFT (Bitget Defi Token
After that, BFT will be replaced by BGB, and the original BFT will be completely destroyed and no longer circulated.
Bitget, make trading easier At the beginning of this year, retail investors in WallStreetBets, a Reddit stock forum, chanted the slogan YOLO (You Only Live Once), and worked together to push the share price of a game retailer Gamestop from less than $20 to nearly $500, and resulted several large hedge funds which shorted the stock to force closing positions with significant losses.
This milestone event proved that the power of retail investors is on the rise.
Throughout the history of the entire securities industry, we found that with the development of the Internet, investment transactions are gradually becoming popular and community-based.
The copy trading platform eToro, established as early as 2007, has now developed into one of the world’s largest online trading platforms.
This has spawned a large number of investment influencers and opinion leaders, they may not be from professional institutions or graduated from top universities, but they have their own unique investment methods that can help their followers to make trading easier.
On the other hand, the cryptocurrency investment market is growing rapidly, and the industry needs a better copy trading platform that is convenient and easy to use.
The goal of Bitget is to make cryptocurrency trading easier and more popular. Bitget strives to become a world-class cryptocurrency exchange with copy trade feature and provide sufficient impetus for the future of the cryptocurrency industry.
What Makes BGB Token Unique
1. Solid product foundation
The product business line consists of spot trading, futures trading, copy trading and C2C trading, of which copy trading has become the world’s largest cryptocurrency copy trading product.
Excellent technical strength Independent research and development of product technology, stable system, showing outstanding strength in security defense and response to extreme market conditions.
3. Strict risk control system.
The risk control team is formed by the world’s top financial risk control elites, and adopts A+ series risk control rules to protect user assets and ensure transaction safety.
4. Top level industry status
Bitget has become the world’s largest cryptocurrency copy trading platform and ranks among the world’s top five in the cryptocurrency futures trading sector.⑸Global operation.
Bitget operates globally, users in more than 40 countries and regions including Japan, South Korea, Southeast Asia, Russia, Turkey etc. 7×24 quality service.
Bitget’s account managers, customer service representatives and global KOLs can provide quality services in a timely manner.
Achievement of Bitget
- Futures trading volume: Worldwide top 5 futures trading volume, with an average daily trading volume equivalent to USD 5 billion.
- Copy trade data: Top 1 in the world, with a cumulative number of completed trades exceeding 6 million+
- Number of KOLs: The total number of KOLs is 10,000+ worldwide
- Platform users: 1.3 million+ users from more than 40 countries and regions including Japan, South Korea, Southeast Asia, Russia, Turkey etc.
- Stable system: No downtime in extreme market conditions and safety risks, and zero safety accidents since day one.
Application Scenarios of BGB
Staking BGB, you will be entitled the following benefits:
- Futures transaction fee discount: Using BGB as a contract margin can enjoy a discount on contract transaction fees (the current discount rate is 15%);
- Spot transaction fee discount: Use BGB to pay for spot transaction fees and enjoy discounts (the current discount rate is 30%);
- KOL partnership reward: Use BGB as a guarantee deposit to enjoy more partnership rewards;
- Other business scenarios：for instance, BGB can be used as proof of rights and interests for users of different levels in the future, and it can also be used as a social token for the interaction between fans and copy traders. Use case scenarios include but not limited to transaction strategy subscription, trading trial bonus, private social circle tickets and red package etc.
BGB is a utility-type token of the Bitget platform. It is not financial derivatives such as securities, stocks, bonds etc. Any users holding BGB need to comply with local laws and regulations, and at their own risk.
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