TechFlow news, Bitget has announced an upgrade to the BGB platform token's smart contract address. This upgrade will further enrich the benefits for BGB holders and expand its use cases across decentralized applications including DeFi, DEX, and GameFi, offering more value and opportunities for BGB holders.
During the contract upgrade, Bitget users do not need to take any action as Bitget will automatically complete the exchange from old to new tokens. BGB spot trading, margin trading, and wealth management services will not be affected.
The timeline is as follows:
- July 1 at 19:00 (UTC+8): Suspension of BGB deposit and withdrawal services
- July 1 at 20:00 (UTC+8): Asset snapshot for all BGB holders on-chain
- July 2 at 11:00 (UTC+8): 1:1 airdrop of the new BGB to all BGB holders on-chain
- The exchange ratio between old and new BGB is 1:1. Users holding tokens on centralized exchanges will have their tokens automatically exchanged. On-chain addresses holding more than 0.1 BGB will receive the 1:1 airdrop by July 3
