What is Bitget Token?

Bitget Token (BGB) is a decentralized token launched in 2021, initially serving as the platform token for the Bitget exchange and Bitget Wallet. It operates on Ethereum's blockchain using the ERC-20 standard and Proof-of-Stake consensus, with an initial supply fixed at 2 billion tokens. As of September 2025, the circulating supply is 699,992,035. The Morph Foundation, a non-profit organization, is responsible for the development of BGB following a strategic partnership with Bitget.

BGB functions as the gas, governance, and payment token across the Morph chain. This collaboration allows for the migration of a growing number of BGB tokens to the Morph chain, enabling its use in various network activities, including token mining and fee discounts. The governance model involves updates to the BGB burn mechanism, which will be linked to the activity of the Morph network.