BlockBeats News, May 12th, Recently, TokenInsight released a rating report on Bitget's platform token BGB (Bitget Token). The report shows that BGB was rated A with a rating outlook of "stable outlook," reflecting its comprehensive performance in technical architecture, security mechanisms, tokenomics, and ecosystem development.
The report points out that BGB, as the core token of the Bitget ecosystem, currently covers exchange business and Web3 application scenarios, playing a role in fee deduction, airdrop participation, Launchpad, and other areas. Since the end of 2024, Bitget has initiated a token burning mechanism, with the burned amount linked to on-chain gas consumption. The related data can be publicly verified on-chain, providing transparent protection for the token deflation model.
In terms of security, Bitget publishes reserve proof monthly and has a protective fund exceeding $6 billion in size. Additionally, the BGB smart contract has been audited by CertiK, and its security has been recognized.
Furthermore, TokenInsight pointed out that Bitget has been continuously expanding its Web3 ecosystem in recent years, launching on-chain products Onchain, and establishing localized communities in various global markets. Currently, BGB's market cap has exceeded $5.6 billion, ranking 26th in the global crypto assets on CoinMarketCap.
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