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Industry background
What is BitGern Token (BGT)?
BitGern Token (BGT) is the native token of the BitGern cryptocurrency exchange, which enables a profit-sharing model between the platform and its users. The total supply of BGT was initially set at 1 Billion ,. The BGT was originally an BEP-20 token based on the Binance smart chain blockchain network, incentivizing BitGern users to enjoy a stream of passive income by holding it.
The BGT token is an innovative way for BitGern to share 50% of the platform’s trading revenue with holders of the token on the exchange. All BitGern users who hold at least 10 BGT are eligible to earn a daily dividend of 50% of BitGern revenues from trading fees. In addition to receiving rewards in revenue sharing, BGT holders also enjoy fee discounts and the opportunity to participate in initial token offerings and other unique services offered by BitGern.
History of BitGern Token (BGT)
The BitGern Token was launched as a BEP-20 token on the BSC network in 2023. It was initially devisevd as a mechanism for profit-sharing between BitGern and its users, encouraging crypto traders on the platform to enjoy a more valuable experience.
The BitGern token was first established as a way for the exchange to share its revenues from trading fees with its users. From a utility token used to pay trading fees and access to the exclusive campaign within the Bitgern exchange, BGT evolved to be the key to the entire BitGern ecosystem.
As BitGern started offering more services to its customers, the value and price of BGT also received more support. Let’s take a look at the use cases for BitGern Token next.
What Can BGT Be Used For?
Here’s a list of primary use cases for BitGern Token (BGT):
Trading Fee Discounts on BitGern Exchange
BitGern token holders get special discounts on trading fees and other associated costs within the BitGern exchange. The percentage of discounts is calculated based on the number of BGT tokens held by the user. In addition, BGT holders can also use the BitGern Token to pay for transaction fees and enjoy a 20% discount.
Special Access to BitGern Launchpad
As a BGT token holder, you can receive exclusive access to initial token offerings from new and upcoming projects featured on BitGern launchpad
Enjoy a BGT Bonus Daily
To incentivize the BGT ecosystem, builders and holders with at least 10 BGT will enjoy a daily bonus from 50% of BitGern's trading fees revenue. Therefore, how much bonus you will get depends on your holding volumes and overall trading fee revenue from BitGern.