Bitget's BGB Utility Expands with Onchain Staking

Bitget Wallet is taking a big step forward in making its BGB token more useful by launching an all-new staking program…

Better Returns and Better Security

The company has announced a special staking program that will run for one week, from February 14 to February 21, 2025. Users can join this program through Bitget Wallet's BGB Center or Bitget Exchange's ‘Earn’ section. The program has capacity for just 350,000 BGB tokens.

Here's what users get when they stake their tokens:

• A 90-day staking period
• 5% yearly returns (APY)
• Access to 20,000 ‘Morph’ Points
• 1 Morph Point for every 15 BGB staked

These Morph Points can be “redeemed for future Morph tokens and other rewards”, according to an official release.

BGB Shows Momentum

According to the release, the BGB token has shown impressive growth recently. In just two months, its price went up by more than 320%. This growth may itself be driven by:

• An increasing number of utility avenues for BGB
• Regular BGB token burns designed to reduce supply

Starting this year, Bitget will buy back and burn tokens every three months. This helps make the remaining tokens more valuable by reducing how many are available.

Connecting DeFi with the Real World

Alvin Kan, COO of Bitget Wallet, says this growth shows how important the BGB token is becoming in Web3 more broadly. "BGB's rapid growth reflects its key role in the Web3 ecosystem… As we continue expanding BGB's utilities in staking, payments, and decentralized finance, we are committed to creating long-term value and a dynamic, sustainable community”, said Kan.

Bitget Wallet has also announced it will host a special event called ‘BGB Builders Night’ during the Hong Kong Consensus event. This will be used as a platform to discuss the future of BGB and its role within the crypto industry.

About Bitget Wallet

Bitget Wallet has become a major player in Web3, serving over 60 million users worldwide. The platform offers:

• Asset management
• Crypto swap functionality
• Access to staking
• Trading tools
• Comprehensive crypto market data
• A DApp browser
• An NFT marketplace
• Crypto payment solutions

The Bitget Wallet itself is now compatible with more than 100 different blockchains, 20,000 DApps, and 500,000 tokens. As Bitget Wallet’s usership grows, the company aims to keep users' assets safe, something it has implemented a $300 million protection fund in order to achieve.

Why This Matters

This expansion shows how Web3 companies are making digital assets more practical for everyday use. By offering better staking options and real-world benefits, Bitget Wallet is helping bridge the gap between traditional finance and the crypto world. For users interested in joining the staking program or learning more, visit the Bitget Wallet blog for detailed information and instructions.