Press release
Bitget Supports BGB Smart Contract Upgrade, Advancing for Future On-Chain Utilities
Victoria, Seychelles - 8 July, 2024 - Bitget [https://www.bitget.com/], the leading cryptocurrency exchange and Web3 company, has announced the upgradation of the smart contract address for its native token BGB. The development aims to expand the utility and potential of the Bitget token (BGB), opening up new avenues for its use in various decentralized applications and future listings on major centralized and decentralized exchanges.
Bitget will upgrade the BGB smart contract address without altering the total supply of BGB. During the upgrade, centralized exchanges will temporarily suspend BGB deposit and withdrawal services, while the trading service of BGB will not be affected. The platform will swap BGB for holders within the exchange, and On-chain holders with more than 0.1 BGB balance will receive a 1:1 airdrop, ensuring that their holdings remain unaffected by the upgrade.
After the upgrade, BGB's new capabilities will allow it to participate in various decentralized applications, significantly enhancing its utility. The token's utility will extend beyond centralized exchanges to include AI, DeFi, DEX, GameFi, SocialFi and more emerging tech infrastructures in crypto. This expansion into decentralized applications is expected to increase the demand for BGB, while potentially decreasing its circulating supply. By broadening its use cases, BGB aims to provide more value and opportunities for its holders.
"The recent surge in BGB and Bitget's overall ecosystem business performance are closely correlated," said Gracy Chen, CEO at Bitget. "We are always bullish on the long-term growth of BGB, and Bitget's potential to grow reasonably predicts that BGB will retain itself as the best-performing CEX token in the coming months," she added.
Launched three years ago in July 2021, BGB serves as the only fuel within the Bitget ecosystem, offering users a range of benefits and incentives. Along with free withdrawals and trading fees discounts, BGB is used to gain exclusive access for Launchpad & Launchpool along with stake-to-mine benefits on Poolx. According to data on Coingecko [https://www.coingecko.com/en/coins/bitget-token], BGB surged 141.4% in the past year, reaching a new all-time-high (ATH) this June hitting $1.44. The recent success of BGB can be attributed to factors such as growing adoption, utility within the Bitget ecosystem, and positive market sentiments.
The upcoming upgrade for BGB highlights Bitget's long-term commitment to enhancing BGB's functionality and adaptability in the evolving crypto landscape. By facilitating seamless integrations with decentralized applications, BGB opens up a pathway for higher utility and broader adoption.
For more details on the BGB contract address upgrade, check our official announcement here [https://www.bitget.com/support/articles/12560603811970].
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet [https://web3.bitget.com/en] is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Cavusoglu (Wrestling world champion), Samet Gumus (Boxing gold medalist) and Ilkin Aydin (Volleyball national team).
For media inquiries, please contact: media@bitget.com [mailto:media@bitget.com]
Media Contact
Company Name: Bitget
Contact Person: Simran Alphonso
Email: Send Email [http://www.universalpressrelease.com/?pr=bitget-supports-bgb-smart-contract-upgrade-advancing-for-future-onchain-utilities]
Country: Seychelles
Website: https://www.bitget.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bitget Supports BGB Smart Contract Upgrade, Advancing for Future On-Chain Utilities here
News-ID: 3570857 • Views: …
More Releases from Getnews
The U.S. Green Card: Turning a Temporary Stay into a Permanent American Future
Image: https://www.globalnewslines.com/uploads/2025/12/1766183100.jpg
For many people, a U.S. visa is only the beginning. What they truly want is certainty - the ability to live, work, and plan their future in the United States without expiry dates, renewals, or ongoing fear that a single decision could unravel years of effort.
That certainty is called a Green Card.
Yet despite its importance, the Green Card [https://larhdellaw.com/] process is often misunderstood. Some believe it is only for…
The L-1 Visa: How Global Businesses Expand to the U.S. Without Starting From Scr …
Image: https://www.globalnewslines.com/uploads/2025/12/1766182907.jpg
For international companies with ambitions to enter the United States, few visa options are as powerful - or as misunderstood - as the L-1 Intracompany Transfer Visa.
When used correctly, the L-1 visa allows established businesses to expand into the U.S. market, transfer trusted senior staff, and build a long-term American presence without relying on lotteries, third-party sponsors, or speculative investment routes. When used incorrectly, it becomes one of the…
The B-1/B-2 Visitor Visa: Why Careful Preparation Matters More Than Ever
Image: https://www.globalnewslines.com/uploads/2025/12/1766182346.jpg
The B-1/B-2 visitor visa [https://larhdellaw.com/]is often described as the most common U.S. visa. That description, while true, can be misleading. Its familiarity causes many applicants to underestimate how closely these visas are scrutinised - and how easily an application can be refused.
In today's immigration environment, visitor visas are assessed with a level of caution that surprises even experienced international travellers. The rules themselves have not dramatically changed, but how…
The E-2 Visa Explained: How to Invest in the U.S. Without Buying a Green Card (a …
Image: https://www.globalnewslines.com/uploads/2025/12/1766182716.jpg
For entrepreneurs, investors, and business owners looking to live and work in the United States, the E-2 Treaty Investor Visa remains one of the most attractive - and misunderstood - visa options available.
Every year, we speak with applicants who have invested significant money, launched businesses, or even hired staff, only to discover that their E-2 application was refused or delayed due to avoidable legal and strategic errors. The truth…
More Releases for BGB
Exterior Painting in Mesa and Queen Creek, AZ: BGB Garners Acclaim for Superior …
Image: https://www.getnews.info/wp-content/uploads/2024/05/1716173593.jpeg
With a decade of experience, BGB Painting has emerged as the top local contractor in Mesa and Queen Creek for its unparalleled service and quality.
Regarded as the Phoenix area's top painting contractor, BGB Painting is renowned among homeowners and businesses for its top-notch exterior painting in Mesa and Queen Creek, AZ [https://www.bgbpainting.com/], delivering exceptional results with an unwavering commitment to customer satisfaction. What makes BGB stand out is its…
Fiber Optic Rotary Joints Eminent Players -Moog, Princetel, Bgb Technology, Spin …
In the past few years, the Fiber Optic Rotary Joints market experienced a huge change under the influence of COVID-19 and Russia-Ukraine War, the global market size of Fiber Optic Rotary Joints reached the predicted milestone in 2022 with the rising CAGR from 2017-2022. Facing the complicated international situation, the future of the Fiber Optic Rotary Joints market is full of uncertain. Report predicts that the global Fiber Optic Rotary…
Post-Column Flow Splitters Market Top Company, Geographical Region, And Industry …
QY Research has recently published a new report, titled Global Post-Column Flow Splitters Market Research Report 2022. The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Post-Column Flow Splitters market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Post-Column Flow Splitters market. The…
Fiber Optic Ring Market 2022 - 2028: Industry Revenue Growth Defined by Heighten …
Fiber Optic Ring Market 2022 Forecast to 2028 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Fiber Optic Ring industry, as well as predicted future growth, technological advancements, investment prospects, market…
Global Slip Ring Market- LTN, Pandect Precision, Mercotac, DSTI, BGB and Molex
This report studies sales (consumption) of Slip Ring in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering
LTN
Pandect Precision
Mercotac
DSTI
BGB
Molex
UEA
The market research report by QY Research provides detailed study on the overall Slip Ring market size, its financial positions, its unique selling points, key products, and…
BGB Motorsports Wins the 2012 Grand-Am Continental Tire Sports Car Challenge Dri …
After a very entertaining 2012 Grand-Am Road Racing season that culminated with an exciting season finale at Lime Rock Park, BGB Motorsports drivers David Empringham and John Farano claimed the 2012 Grand-Am Continental Tire Sports Car Challenge Grand Sport (GS) driver championship!
The Grand-Am Continental Tire Sports Car Challenge is one of the most exciting racing series on the planet. Racing on their Forgeline GA3R wheels at 10 different world-class…
