Bitget Wallet to prioritize its native BGB token for multi-chain gas payments

CoinMarketCap

2024-12-29

Bitget Wallet has shared an important update about its BGB token. Starting January 2025, BGB will be the main choice for multi-chain gas payments with the new GetGas feature.

This feature helps make transactions easier across different blockchains like Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, TON, and Tron. Users can pay gas fees with BGB, USDT, or USDC, removing the need for different gas tokens on each blockchain.

This new idea aims to make transactions easier and save users money.Bitget Wallet's Reward Center will offer users a chance to earn free gas vouchers by completing easy tasks, helping to lower their transaction costs.

Alvin Kan, the COO of Bitget Wallet, highlighted that this integration of multi-chain gas payments is designed to open up new opportunities in decentralized finance (DeFi) and payment finance (PayFi), making decentralized technology easier to use and more accessible.

Bitget Wallet has more than 60 million users around the world, making it a top non-custodial wallet provider in the cryptocurrency space.

Bitget will burn 40% of the total BGB token supply, cutting it from 2 billion to 1.2 billion tokens. Beginning in 2025, the company will do quarterly token burns, using 20% of its profits from exchange and wallet operations for this effort.

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