We encounter new names every day in the crypto world. Sometimes these names emerge from exchange platforms, sometimes from game projects, and sometimes from meme culture. But there are others that grow quietly while gradually gaining acceptance with a robust infrastructure and user-centric vision. Bitget Token (BGB) falls right into this category.You may have heard of Bitget before. Founded in 2018, this crypto exchange has begun to make a name for itself globally in recent years, starting in Asia. With its user-friendly features like "copy trading," secure infrastructure, and active community management, Bitget has caught the attention of many investors. As a natural consequence of this growth, the platform felt the need to create its own value cycle, and that's precisely where Bitget Token (BGB) entered the scene.So, what is Bitget coin? In its simplest form, BGB is the native cryptocurrency developed by Bitget crypto exchange to power its own ecosystem. In this guide, we will go beyond the technical structure of Bitget Token and explain: We'll explain in detail how it emerged, how it gained value, what opportunities it offers investors, and what path it's heading in the future. If you don't want to gloss over the question, "What is Bitget token?" with just a superficial answer, let's delve deeper together.Definition and Origins of Bitget TokenBitget exchange has established itself as a strong presence among emerging crypto platforms in recent years. Its user-friendly interface, innovative features like copy trading, and wide product range have attracted the attention of many investors. However, an exchange isn't just notable for its trading interface; it's also for the ecosystem it creates within itself. At this point, a structure emerged that nourishes Bitget's inner world and aims to offer even more benefits to its users: Bitget Token (BGB).BGB token is a digital asset developed by Bitget to offer special advantages to its community. In fact, we know this story from other major exchange tokens. Just as Binance's BNB, OKX's OKB, and KuCoin's KCS have established ecosystems within their platforms, Bitget decided to follow a similar path. Aiming to increase user loyalty by offering lower transaction fees, exclusive event access, passive income opportunities, and additional on-platform features, Bitget launched BGB to achieve this goal.Technically, BGB is an ERC-20 token. This means it runs on the Ethereum blockchain, providing it with both high security and broad compatibility. Since many wallets, DeFi applications, or platforms currently support the ERC-20 standard, BGB can seamlessly integrate with this infrastructure.But the most important aspect isn't the technical details; it's the token's philosophy. Bitget was looking for ways to offer more value to its growing user base and connect them to more platforms. Because simply making transactions isn't enough; users also want to earn, participate, and have a say. BGB addressed this need. After launch, it became available not only on centralized exchanges but also in products like Bitget's decentralized wallet application, Bitget Wallet. This created an ecosystem token that wasn't limited to exchanges but also expanded with Web3 integrations.So, when exactly was this token launched? BGB's birthday is July 26, 2021. That day, it officially joined the crypto world by listing on the Bitget exchange. The launch price was quite affordable: it was offered to investors at a modest price of $0.0585. It may not have generated much buzz at the time, but no one could have predicted what a significant cornerstone BGB would become over time.The token's total supply was set at 2 billion units. This is a fairly standard initial supply compared to many exchange tokens on the market. However, this entire supply wasn't released at once. Approximately 1.4 billion BGB entered circulation immediately upon launch. The remainder was allocated to serve carefully planned, long-term goals.For example:20% was set aside for team and employee incentives. This has made BGB a structure that provides rewards not only to investors but also to those working on the project. 15% was used for brand collaborations, campaigns with influencers and content creators. This strengthened the marketing aspect of the project.Another 15% was allocated to referral programs. This means everyone who brought new users to Bitget was incentivized with rewards from this token.Another 15% was allocated to the ecosystem development fund, providing resources for the platform's future technological and strategic steps.Finally, 10% was transferred to the Investor Protection Fund. This fund serves as a significant reserve created to protect users against potential risks and ensure the platform's sustainability.This entire distribution structure clearly demonstrates that Bitget operates not just with a "let's issue tokens" mentality, but with a long-term, balanced growth goal. Another noteworthy detail is that Bitget didn't forget its previous token, BFT, when launching BGB. During the launch, 25% of the total supply was distributed to existing BFT holders via swap. This way, existing users were not only spared the burden but also integrated into the new system.As a result, the creation of BGB was not merely a crypto asset, but a benefit-focused and strategic step that directly reflected Bitget's vision to its users. Today, it offers investors a versatile range of uses, not only with its on-exchange advantages but also with staking programs, launchpad access, and Web3-enabled features. In this respect, it distinguishes itself from many exchange tokens and has established itself at the heart of a robust ecosystem.Bitget Token's History: Key MilestonesCrypto projects, just like people, grow and transform over time, sometimes changing direction with critical decisions. Bitget Token (BGB) has established a structure that has undergone this transformation process and grown stronger step by step at every stage. It has experienced many significant developments since its launch; however, 2024, in particular, stood out as a turning point in BGB's fortunes.Let's now examine BGB's historical development:2021 - Launch: Bitget Token first appeared on July 26, 2021. Launched on the Ethereum network using the ERC-20 standard, BGB was listed at a launch price of approximately $0.0585. The total supply was set at 2 billion tokens, of which approximately 1.4 billion entered direct circulation. This officially joined the ranks of crypto exchanges issuing their own native tokens.2022 - Initial Expansion: BGB's use case was not limited to transaction fees. With the launch of decentralized products like Bitget Wallet, the token began to gain traction on the Web3 platform. At the same time, it became a token that attracted investors with its staking, launchpad, and passive income models.2023 - Community and Collaborations: This year, Bitget organized numerous campaigns to introduce BGB to a wider audience. Social media activities, influencer/celebrity collaborations (like Messi), community rewards, and profit sharing through copy trading fueled interest in the token. 2024 - The Big Burn and Buyback & Burn Period: December 2024 marked a turning point for BGB. In its updated BGB whitepaper, Bitget announced that it would burn 800 million tokens. This meant the permanent destruction of 40% of the total supply, or approximately $5 billion worth of BGB. With this major move, the total supply dropped from 2 billion to 1.2 billion BGB. With this burn, Bitget initiated the process of transitioning BGB to a deflationary model. Later that year, Bitget wasn't content with just this big burn. It also announced a sustainable mechanism called "buyback & burn." Under this system, the exchange buys BGB from the market with 20% of its quarterly profits and burns these tokens. In other words, reducing the supply has moved from a one-time decision to a regular, long-term strategy. The supply change after the coin burn was as follows:PeriodTotal Supply (BGB)Burned Amount (BGB)Remaining Supply (BGB)July 20212,000,000,00002,000,000,000Launch price: $0.0585December 20242,000,000,000800,000,0001,200,000,00040% of total supply was burnedDecember 2024 - All-Time High (ATH): The market quickly responded to the impact of the massive burn and buyback system. By the end of December, the BGB token reached an all-time high of $8.49. This represented a valuation of almost 150 times its 2021 launch price.2025 - Remains Strong: As of 2025, BGB naturally experienced a slight pullback after its peak. However, as of July, its price hovered around $4.55, while its total market capitalization was still over $5 billion. This demonstrates the token's continued strength and the continued validity of Bitget's long-term strategy.Why Is Bitget Token Valuable?So far, we've examined in detail when BGB emerged and how it evolved. So, let's get to the heart of the matter: Why is the BGB token valuable? What features make it an investable and long-term asset? Does it simply offer a discount on transaction fees, or is there more to it? Let's take a look at the aspects that make BGB valuable.Transaction Fee AdvantageFor those who regularly trade in the cryptocurrency market, commission rates become a significant cost over time. This is where BGB comes in. Bitget offers its users a discount on transaction fees of up to 20% when they trade with BGB. This discount translates to significant savings in the long run, especially for spot traders. Just imagine, a user who makes dozens of transactions a day could save hundreds of dollars at the end of the year simply because they pay commissions with BGB. This makes BGB not only an investment but also a savings tool. Early Bird Tickets to Launchpad and LaunchpoolOne of the things crypto investors love most is getting early access to new projects. Bitget doesn't leave its users alone in this regard. BGB holders can participate in Launchpad events organized on the platform and invest in tokens of high-potential projects before they even launch. In other words, the "early bird wins" principle applies here. Furthermore, thanks to the Launchpool feature, users who stake BGB have the opportunity to earn new tokens for free. You receive rewards without investing and have the opportunity to discover new projects. In short, if you have BGB in your pocket, Launchpad's doors are open to you. The differences between Bitget's services, namely Launchpad, LaunchX, Launchpool, and PoolX, are as follows:FeatureStrengthsPerfect ForBitget LaunchpadEarly investment opportunities, rigorous project selection, user-friendly participationVisionary investors and crypto enthusiasts looking to ride blockchain trendsBitget LaunchXTransparent allocation mechanism, access to premium projects, snapshot-based pricingWeb3 enthusiasts and dedicated investors seeking fairness and quality accessBitget LaunchpoolConsistent hourly rewards, flexible unlocking, real-time APR updatesBeginners and risk-averse users seeking flexible and steady crypto earningsBitget PoolXProportional incentives, quick feedback with hourly earnings, detailed tracking and transparencyActive users who value immediate results and frequent rewardsStake, Earn Easily: Passive Income OpportunitiesBGB doesn't just offer transactional advantages; it's also the key to generating passive income. Thanks to Bitget's Earn programs, users can stake their BGB and earn returns at certain rates. This system is similar to depositing money in a bank and earning interest. Users who lock BGB, especially in "stake-to-mine" systems, earn additional BGB rewards and can benefit from airdrops from certain projects. This means they can earn not only by holding but also by contributing to the system. It's a highly attractive option for long-term investors.VIP privileges, Groupcoin discounts, and profit sharingBitget positions BGB not just as a "token" but as a membership card. Holding a certain amount of BGB in your wallet automatically enrolls you in the VIP program. This means you'll receive additional discounts on transaction fees, dedicated customer support, fast support lines, and many other benefits. Additionally, a feature called Groupcoin allows users who hold BGB to purchase popular cryptocurrencies at a discount during certain periods. In other words, you can buy a coin worth $100 in the market for $85.And there's more: In Bitget's highly popular copy trading system, BGB holders can both become followers and share a portion of the revenue generated by successful traders. For example, up to 10% of the performance fee paid by investors who follow a trader can be transferred directly to the leading trader in BGB. This rewards successful traders and expands the use of BGB.And let's not forget: daily prize-winning events like the Bitget Lottery, free withdrawals, special campaigns, and many other bonus features are also exclusive to BGB holders. In short, BGB acts like an entrance ticket to Bitget's closed-circuit club.Real-World Usage: Bitget Pay and cardsOne of the biggest criticisms of cryptocurrencies is the claim that they "can't use them in daily life." However, Bitget has taken steps to make BGB usable not only within the platform but also for real-world transactions. Thanks to the Bitget Pay feature, users can make payments with BGB or make instant transfers to other users.Even better, BGB can be used for direct spending with the crypto payment cards Bitget offers. Grocery shopping, bill payments, and even online shopping sites offer the option to pay with BGB. Furthermore, various discounts and cashback advantages are offered during these transactions. In other words, a token structure that earns you money as you spend has been created. Here, BGB is not only an investment but also an active payment tool.A Rising Role in DeFi and Web3Bitget's goals are not limited to its own centralized exchange. With the updates announced at the end of 2024, BGB is now actively used within Bitget Wallet. This integration has enabled BGB to play a much larger role in the world of decentralized finance (DeFi) and Web3. The token's use to pay transaction fees (gas fees) across multiple chains, in particular, signifies significant broader use. It is also expected to play an active role in areas such as staking, liquidity provision, yield farming, and DAO governance.Who is the Founder of Bitget Token?One of the most frequently asked questions in the crypto world is: "Who is behind this token?" A project's credibility, sustainability, and potential are often directly linked to the vision of the team that created and manages it. However, when it comes to the BGB token, the answer isn't a classic "founding name." In other words, it's impossible to cite a single person, like Vitalik Buterin founding Ethereum or CZ creating Binance. BGB is a platform token created directly by the Bitget exchange.In other words, if you ask whose project the BGB token is, the answer is quite clear: it's the Bitget exchange's project. Founded in 2018, Bitget has grown globally over the years, operating in many countries and proving itself particularly in the field of copy trading. During this growth process, it launched its own native token to enrich the user experience and strengthen the ecosystem. Thus, BGB was born. Of course, there were key figures involved in the development of this token. Bitget has an experienced and visionary management team that has played a significant role in its current success. Gracy Chen, in particular, is one of the most prominent names on this team. She joined Bitget in 2022 and was appointed CEO just one year later, in 2023. Under her leadership, Bitget has entered a second wave of growth, expanding its Asian market presence to regions like Europe and the Americas.As a leading female figure in the industry, Gracy Chen stands out for both her communication with the community and her strategic initiatives. She also played a significant role in clarifying the BGB token's vision and transitioning to a deflationary model. In other words, it's safe to say that BGB isn't just a technical project; it's shaped by leadership that listens to the community.Of course, Gracy Chen isn't alone. Bitget's current senior executives include prominent figures such as Vugar Usi Zade (COO), Hon Ng (CLO), and Min Lin (CBO). These individuals guide the company in many areas, from operational processes and legal structuring to corporate partnerships and community strategies. Vugar Usi Zade, COO, manages critical projects related to user experience and product optimization. Hon Ng, CLO, oversees Bitget's regulatory processes in various countries, ensuring the company's sustainable global growth. Min Lin, CBO, is responsible for business development and partnership strategies.This team is constantly taking new steps not only in the token's launch but also in how to make it more usable. Developed staking mechanisms, Launchpad processes integrated with BGB, the buyback & burn system, and Web3 integrations are all shaped by the contributions of this strategic team.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about BGB:What is the BGB token and what does it do?: The BGB token is the native cryptocurrency used within the Bitget cryptocurrency exchange's platform. It offers many useful features, including transaction fee discounts, early access to new projects (Launchpad/Launchpool), passive income through staking, and VIP membership privileges. In short, BGB is both an easy-to-use tool within the Bitget ecosystem and a currency offering various advantages to its investors.When was the BGB token launched?: The BGB token was launched on July 26, 2021. Initially listed at a price of approximately $0.06, the token was released to users in mid-2021. Therefore, BGB's launch date is 2021 and it has been a cornerstone of the Bitget ecosystem since then.Whose project is the BGB token?: BGB is a direct project of the Bitget exchange. In other words, it was developed and issued by Bitget, not by a separate company or an anonymous team. Bitget's founders and executives are the team behind the BGB token, and this team makes the decisions that shape the token's use cases, burn strategies, and benefits.Why is the BGB token valuable?: The BGB token is valuable because it provides tangible benefits within the Bitget ecosystem. Providing users with discounted transaction fees, entitlement to participate in special events on the platform, and passive income opportunities all contribute to its demand. Furthermore, Bitget's regular token burns, which reduce the supply and make BGB a key asset on both its centralized and decentralized platforms, underpin its long-term value.What advantages does the BGB token offer?: BGB token holders enjoy a number of advantages on the Bitget exchange. Chief among these are transaction fee discounts of up to 20%. Additionally, with BGB, they can gain early access to new project tokens through Launchpad and earn free tokens by staking on Launchpool. Additional privileges such as participation in the VIP program, profit sharing, discounted coin purchases (Groupcoin), and free withdrawals are among the advantages offered by BGB. In short, BGB is a token that enriches the user experience and offers earning opportunities.How is the BGB token supply reduced?: Bitget is implementing a buyback and burn strategy to reduce the BGB token supply. By the end of 2024, 800 million BGB were burned at once, reducing the total supply by 40%. Starting in 2025, a program was initiated to purchase and burn BGB from the market every quarter with a portion of its profits. Thanks to these regular burns, the amount of BGB in circulation decreases over time, making the token deflationary and increasing the relative value of BGB held by existing holders.What peak prices has the BGB token reached in the past?: The most notable peak for the BGB token was around $8.50 in December 2024. This was recorded as an all-time high. It's also worth noting that BGB reached several interim peaks throughout 2024, reaching around $1.70 in November 2024 and then rapidly rising to over $8 towards the end of the year. In 2025, BGB's price remained below this record, but in July 2025, it still held a strong value in the $4-5 range. This demonstrates that BGB has demonstrated incredible performance since its launch and has delivered high returns to early investors.For more content on platform tokens and exchange-based ecosystems, check out our JR Crypto Guide series.