According to a December 27 statement shared with BitGet, the BitGet wallet will prioritize its native BGB token for multi-chain gas payments from January 2025 through its innovative GetGas feature. CryptoSlate.
This initiative aims to simplify operations on several blockchains including Ethereum, SolanaBNB chain, polygonbase, decision, optimismtone and Theron.
According to the company, its users can pay for gas using BGB. USDTor USDCeliminating the need for unique gas tokens on separate chains. This approach simplifies transactions and increases cost efficiency.
In addition, the Wallet Rewards Center offers opportunities to earn free gas coupons through simple tasks that help reduce their expenses.
Alvin Kahn, CEO of Bitgate Wallet, said:
By integrating multi-chain gas payments, unlocking new possibilities in DeFi and PayFi, and simplifying on-chain interactions, we aim to make decentralized technology accessible and intuitive.
Bitget Wallet currently serves more than 60 million users worldwide, making it one of the leading virtual wallet providers in the crypto space.
BGB token burning
Meanwhile, Bitget It also announced that it plans to burn 40% of the total BGB token supply, reducing it from 2 billion to 1.2 billion tokens.
Additionally, Bitget will start burning the BGB token on a quarterly basis starting in 2025. The company said it would allocate 20 percent of its profits from exchange and wallet operations to facilitate the burn.
Bitget said these buys and burns will help increase demand for BGB and could make the digital asset “one of the top 10 fundamental assets in the crypto industry.”
This development comes when Bitget integrates itself Bitget wallet password (BWB) with the BGB token, with the aim of simplifying operations and increasing token usage across its services. The unified token now serves as a versatile utility asset in the BitGet exchange and wallet environments.
according to CryptoSlate dataBGB is up 15% in the last 24 hours, reaching an all-time high of $8.49. The exchange token is the 16th largest crypto asset by market capitalization, valued at over $11 billion.
