Bitget will upgrade the BGB smart contract address to further enrich the rights and interests of BGB holders
ChainCatcher news, Bitget announced an upgrade to the smart contract address of the platform token BGB. This upgrade will further enrich the rights of BGB holders and expand its use cases in decentralized applications such as DeFi, DEX, and GameFi, providing more value and opportunities for BGB holders.During the contract upgrade, Bitget users do not need to take any action; Bitget will automatically complete the exchange of old and new tokens. The spot trading, margin trading, and wealth management services of BGB will not be affected.The timeline is as follows:July 1, 19:00 (UTC+8) - Suspension of BGB deposit and withdrawal servicesJuly 1, 20:00 (UTC+8) - Asset snapshot for all on-chain BGB holdersJuly 2, 11:00 (UTC+8) - 1:1 airdrop of new BGB to all on-chain BGB holdersThe exchange ratio of old and new BGB is 1:1. Users holding tokens on centralized exchanges will automatically complete the exchange, and addresses with on-chain holdings greater than 0.1 BGB will receive a 1:1 airdrop before July 3.