Bitget announces the merger of BGB and BWB tokens, fully upgrading the BGB on-chain ecosystem
ChainCatcher news, Bitget announced the merger of its native token Bitget Token (BGB) with Bitget Wallet Token (BWB). The merged BGB will become the sole ecological token for the Bitget exchange and Bitget wallet, expanding on-chain applications and more use cases, further enhancing the synergy and user experience of the ecosystem.Bitget CEO Gracy Chen stated: "The market capitalization of BGB has grown over 1,000%, ranking in the global Top 20. By merging BGB and BWB, we will build a unified ecosystem that connects on-chain and off-chain use cases, allowing holders to share in the growth dividends of the Bitget ecosystem."According to the rules announced by the official, BWB holders on the Bitget platform can automatically exchange BWB for 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 7 days. The token exchange will begin soon, and once completed, all BWB tokens will be destroyed, and an equivalent amount of BGB will be airdropped to user accounts. Meanwhile, all BWB trading and related services will cease on December 27.