The BGB destruction rules have been upgraded, and approximately 30 million BGB will be destroyed in Q1 2025

ChainCatcher news, Bitget announcement shows that in order to enhance the compliance and transparency of the BGB and burn plan, and to better empower the BGB ecosystem, Bitget Token (BGB) will update and upgrade the burn plan. According to the new rules, the quarterly burn amount of Bitget Token (BGB) will be linked to the "on-chain Gas fees." The new burn mechanism is based on the actual usage scenarios of BGB and ensures community transparency, with the "total amount of BGB used for Gas fees quarterly" being publicly available on-chain.

Based on this burn rule, 30,006,905 BGB will be burned in the first quarter of 2025, accounting for approximately 2.5% of the total supply. The corresponding amount of BGB will be sent to the burn address, and the on-chain record will be published upon completion. According to CoinMarketCap data, the market capitalization of BGB is approximately 5 billion USD, ranking 25th. The current total supply is about 1.2 billion, and it is in a 100% fully circulating state.

Bitget CEO Gracy Chen stated: BGB is becoming an important bridge connecting centralized and decentralized ecosystems. By linking the burn mechanism to actual on-chain usage, the quarterly burn amount of BGB will dynamically change with real usage. This update not only incentivizes broader usage but also builds a more transparent and sustainable token economic model. As BGB's role in the on-chain ecosystem continues to expand, the burn mechanism will also become more sustainable.