Odaily Planet Daily News Bitget Wallet announced the expansion of Bitget Token (BGB) token ecological applications and launched the BGB on-chain staking plan, which provides higher returns than centralized staking while enhancing fund autonomy and privacy security. The first limited-time staking event will be open from 20:00 on February 14 to 20:00 on February 21 (UTC+8), with a staking pool size of 350,000 BGB. Users can participate in the 90-day staking event through Bitget Wallet and Bitget Exchange, and enjoy a 5% fixed annual return and a limited number of 20,000 Morph Point incentive points.
BGB is accelerating the expansion of on-chain and real-world application scenarios, focusing on decentralized transactions, staking to earn coins, and payment. Users can use BGB to pay multi-chain gas fees and simplify on-chain interactions; stake BGB to earn income, and support Bitget Wallet Card cashback and VIP benefits. In the past two months, the price of BGB has risen by 320%, and the market demand is strong. Starting from 2025, the platform will repurchase and destroy BGB every quarter to strengthen the deflation mechanism.