Bitget Wallet to Introduce Multi-Chain Gas Payments with BGB Token
Bitget Wallet is gearing up to launch a new feature called GetGas, which will prioritize its native BGB token for multi-chain gas payments starting in January 2025. This innovative approach aims to simplify operations across various blockchains, including Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, TON, and Tron.
Users of Bitget Wallet will have the option to pay gas fees using BGB, USDT, or USDC, eliminating the need for different gas tokens on each individual chain. This streamlined process not only simplifies transactions but also enhances cost efficiency for users.
In addition, Bitget Wallet will introduce a Reward Center where users can earn free gas vouchers by completing simple tasks, further reducing their expenses.
Alvin Kan, COO of Bitget Wallet, commented, “By integrating multi-chain gas payments, unlocking new possibilities in DeFi and PayFi, and simplifying onchain interactions, we aim to make decentralized technology accessible and intuitive.”
With a user base of over 60 million worldwide, Bitget Wallet has established itself as one of the leading non-custodial wallet providers in the cryptocurrency space.
BGB Token Burn and Quarterly Buybacks
Bitget has announced plans to burn 40% of the total BGB token supply, reducing it from 2 billion tokens to 1.2 billion. The company will also initiate quarterly BGB token burns starting in 2025, allocating 20% of its profits from exchange and wallet operations for these burns.
These buybacks and burns are aimed at boosting demand for BGB and positioning the digital asset as one of the top 10 foundational assets in the crypto industry.
As part of this strategy, Bitget merged its Bitget Wallet Token (BWB) with the BGB token to streamline operations and enhance token utility within its exchange and wallet environments.
According to data from CryptoSlate, BGB has seen a 15% increase in the last 24 hours, reaching an all-time high of $8.49. The token currently holds the 16th position in terms of market capitalization, with a valuation exceeding $11 billion.
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