Bitget Token (BGB) works by providing multiple utilities within the Bitget exchange ecosystem. As a BGB holder, you get various benefits:
- Fee Discounts: You can use BGB to pay for trading fees at a discounted rate, currently up to 20% on spot trades and 15% on futures trades.
- Staking and Rewards: You can stake BGB to earn rewards over time, similar to earning interest. This is a more passive way to gain from holding the token.
- Launchpad and Launchpool: BGB allows you to participate in early-stage investment opportunities and stake BGB to farm new tokens through these platforms.
- Voting Rights: You can vote on which new projects should be listed on the Bitget exchange, which gives you a say in the platform's development.
- Airdrops: Simply holding BGB makes you eligible for free airdrops of new tokens listed on Bitget.
- Contract Margin: You can use BGB as collateral for contract trading, especially in Bitget’s unique Coin-M futures product.
