TechFlow news: Bitget has announced the merger of its native token, Bitget Token (BGB), with Bitget Wallet Token (BWB). The merged BGB will become the sole ecosystem token for both the Bitget exchange and Bitget Wallet, expanding into more use cases on-chain and further enhancing ecosystem synergy and user experience.
Gracy Chen, CEO of Bitget, said: "The market capitalization of BGB has grown by over 1,000%, ranking it within the global top 20. By merging BGB and BWB, we will build a unified ecosystem that bridges on-chain and off-chain use cases, enabling holders to share in the growth dividends of the Bitget ecosystem."
According to official rules, BWB holders on the Bitget platform can automatically convert their BWB into BGB. Specifically, BWB tokens will be converted to BGB at a ratio of 0.08563, calculated based on the average closing price of BWB/USDT over the past seven days. Token conversion will begin shortly; upon completion, all BWB tokens will be burned, and an equivalent amount of BGB will be airdropped to users' accounts. Meanwhile, all BWB trading and related services will cease on December 27.
