Bitget Announces Major Token Burn: 800 Million BGB Tokens to Be Destroyed
Bitget, a prominent cryptocurrency exchange, has released a new whitepaper detailing plans to burn 800 million Bitget Tokens (BGB). Representing 40 percent of the token’s total supply, this strategic move holds a market value exceeding $5 billion. The decision aims to enhance token scarcity and potentially increase value for remaining holders. As the cryptocurrency community awaits further details, there is much anticipation regarding the long-term implications of this significant burn.
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