TechFlow news, September 2 — Bitget announced an exclusive strategic partnership with consumer-oriented public chain Morph to accelerate BGB's on-chain applications and ecosystem expansion. BGB will be upgraded to serve as Morph's ecosystem Gas token and governance token. It will continue to play a role within partner ecosystems such as exchanges and wallets, including core functionalities like Launchpool participation and fee discounts.
Under the agreement, all BGB tokens governed by the Bitget team will be transferred to the Morph Foundation—totaling 440 million tokens. Of these, 220 million will be immediately burned, while the remaining 220 million will be locked and released at a rate of 2% per month, allocated for liquidity incentives, use case expansion, education, and outreach. Additionally, the Morph Foundation will update the BGB burning mechanism, linking it to Morph chain activity, until BGB’s total supply is reduced to 100 million tokens.
As part of the collaboration, Bitget and Bitget Wallet will adopt Morph as their payment infrastructure and PayFi settlement layer, helping bring in additional stablecoin issuers and global payment solution providers as ecosystem partners. This also means that Bitget's 120 million users will integrate into Morph's decentralized ecosystem, collectively advancing its growth and development.
