- They will burn over 30 million BGB tokens, worth about $138 million, for Q2 2025
- This deflationary event will permanently remove 2.56% of the token’s total supply from circulation
- The quarterly burn is a key part of Bitget’s strategy to increase scarcity and value for its native token
- They also rolled out their annual KGCI 2025 event to reward participants of the trading competition after the Token Burn Event
The token burn exercise will bring the total ratio of BGB removed from circulation in the first half of 2025 to 5% of the total supply. A Pre-Planned Deflationary Mechanism
