Bitget to Transfer 440 Million BGB to Morph Foundation, Accelerating BGB as Gas and Governance Token of Morph Chain
The post Bitget to Transfer 440 Million BGB to Morph Foundation, Accelerating BGB as Gas and Governance Token of Morph Chain appeared on BitcoinEthereumNews.com. Key Highlights Bitget will transfer all BGB tokens that it controls, 440 million in total, to the Morph Foundation, with 220 million burned immediately and the remaining 220 million locked with gradual release to support ecosystem growth. The Morph Foundation will oversee BGB as the gas and governance token of Morph, powering payments and utility across the layer. Bitget and Bitget Wallet’s 120 million users will gain direct access to the innovative decentralized protocols built on Morph fueled by BGB. Major technical upgrades to Morph’s infrastructure will deliver higher performance, lower fees, and prepare the layer to scale as a top settlement platform for payments and onchain consumer finance. SEYCHELLES, September 2, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, is excited to share its strategic collaboration with its trusted ecosystem project Morph, the EVM layer for payments and onchain consumer finance. The duo has signed up to boost BGB’s utility across a multitude of projects. With this partnership, Bitget will transfer all BGB tokens that it controls, 440 million in total, to the Morph Foundation. Half of this allocation, 220 million BGB, will be burned in a single action, while the remaining 220 million BGB tokens will be locked and released at 2% per month to fund liquidity incentives, use case expansion, and education. Morph will become the native onchain home of BGB and serve as the core settlement layer for more than 120 million users worldwide, with BGB established as the gas and governance token of an improved high-performance network. Building the Standard for Onchain Payments The Morph chain will maintain its brand, team, and strategic direction, staying focused on its positioning as a Layer 2 dedicated to crypto payments, and striving to become the next-generation Web3 payment infrastructure, advancing beyond cost efficiency and performance toward…
The post Bitget to Transfer 440 Million BGB to Morph Foundation, Accelerating BGB as Gas and Governance Token of Morph Chain appeared on BitcoinEthereumNews.com.
Key Highlights Bitget will transfer all BGB tokens that it controls, 440 million in total, to the Morph Foundation, with 220 million burned immediately and the remaining 220 million locked with gradual release to support ecosystem growth. The Morph Foundation will oversee BGB as the gas and governance token of Morph, powering payments and utility across the layer. Bitget and Bitget Wallet’s 120 million users will gain direct access to the innovative decentralized protocols built on Morph fueled by BGB. Major technical upgrades to Morph’s infrastructure will deliver higher performance, lower fees, and prepare the layer to scale as a top settlement platform for payments and onchain consumer finance. SEYCHELLES, September 2, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, is excited to share its strategic collaboration with its trusted ecosystem project Morph, the EVM layer for payments and onchain consumer finance. The duo has signed up to boost BGB’s utility across a multitude of projects. With this partnership, Bitget will transfer all BGB tokens that it controls, 440 million in total, to the Morph Foundation. Half of this allocation, 220 million BGB, will be burned in a single action, while the remaining 220 million BGB tokens will be locked and released at 2% per month to fund liquidity incentives, use case expansion, and education. Morph will become the native onchain home of BGB and serve as the core settlement layer for more than 120 million users worldwide, with BGB established as the gas and governance token of an improved high-performance network. Building the Standard for Onchain Payments The Morph chain will maintain its brand, team, and strategic direction, staying focused on its positioning as a Layer 2 dedicated to crypto payments, and striving to become the next-generation Web3 payment infrastructure, advancing beyond cost efficiency and performance toward…
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