TechFlow news, recently TokenInsight released a rating report on Bitget's platform token BGB (Bitget Token). The report rated BGB as Grade A with a "stable outlook," reflecting its comprehensive performance in technical architecture, security mechanisms, token model, and ecosystem development.
The report noted that as the core token of the Bitget ecosystem, BGB currently covers exchange services and Web3 applications, playing roles in multiple areas such as fee discounts, airdrop participation, and Launchpad. Since the end of 2024, Bitget has initiated a token burn mechanism linking the amount burned to on-chain Gas consumption. Relevant data is publicly verifiable on-chain, providing transparent assurance for the token's deflationary model.
In terms of security, Bitget publishes proof of reserves monthly and maintains a protection fund exceeding $600 million. Meanwhile, the BGB smart contract has passed audit by CertiK, receiving recognition for its security.
Additionally, TokenInsight pointed out that in recent years, Bitget has continuously expanded its Web3 ecosystem, launching the on-chain product Onchain and establishing localized communities in multiple global markets. Currently, BGB's market capitalization exceeds $5.6 billion, ranking 26th among global crypto assets on CoinMarketCap.
