Bitget Adds Bitget Token (BGB) Liquidity Pool on Uniswap Enhancing DeFi Trading
Victoria, Seychelles, 17th January, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company has added its native Bitget Token (BGB) on a liquidity pool on Uniswap, a leading decentralized exchange. This strategic move enables users to trade BGB directly on the Ethereum blockchain, enhancing its accessibility within the decentralized finance (DeFi) ecosystem.
Uniswap operates on an automated market maker (AMM) model, utilizing liquidity pools to facilitate token swaps without relying on traditional order books. In this system, liquidity providers contribute pairs of tokens to pools, allowing traders to execute transactions based on the ratio of tokens available. This mechanism ensures continuous liquidity and efficient price discovery.
The integration of BGB into Uniswap's liquidity pools signifies Bitget's efforts to expand the token's utility beyond its centralized platform. By enabling on-chain trading, BGB holders can now engage in decentralized transactions, aligning with the broader trend towards DeFi solutions.
This development follows Bitget's recent strategic initiatives to enhance the value and utility of BGB. On December 30, 2024, Bitget completed its first-ever token burn, permanently removing 800 million BGB from circulation, effectively reducing the total supply by 40%. This action aimed to increase the token's scarcity and long-term value.
Looking ahead, Bitget plans to implement a quarterly BGB burn mechanism starting in 2025. Under this plan, 20% of quarterly profits from exchange and wallet operations will be allocated to repurchase and burn BGB tokens. This approach underscores Bitget's strategy to create a sustainable and impactful token economy for BGB.
The addition of BGB to Uniswap's liquidity pools broadens the avenues for trading and integrates BGB into the wider DeFi landscape. This move is expected to attract a diverse group of users seeking decentralized trading options, thereby fostering the growth and adoption of BGB within the crypto community.
Bitget's integration of BGB into Uniswap's liquidity pools represents a significant step in enhancing the token's utility and accessibility. Coupled with strategic initiatives like token burns and profit allocations for repurchases, Bitget is actively working towards strengthening the BGB ecosystem and its position within the decentralized finance sector.
To check out the BGB liquidity pool on Uniswap, please visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: [email protected]
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
- Press releaseBitget Partners with Kaia Foundation to Foster Mini-Dapp Ecosystem on LINE MessengerVictoria, Seychelles, January 22, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce a strategic partnership with the Kaia DLT Foundation to accelerate the growth of the Kaia blockchain-powered Mini-Dapp ecosystem launched on LINE Messenger today. This collaboration will focus on identifying high-potential Mini-Dapps, offering comprehensive support in incubation, advisory, listing, and go-to-market strategies to drive their success. Kaia blockchain, renow2025-01-22
- Press releaseBitget Introduces Analog (ANLOG) Pre-Market Victoria, Seychelles, 21st January 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced introducing Analog (ANLOG) to its pre-market trading platform, allowing users to engage in ANLOG transactions ahead of its official spot market debut. Bitget's pre-market trading platform serves as an over-the-counter marketplace, enabling buyers and sellers to negotiate and execute trades for new tokens before their official listing. This setup allows participants to secure p2025-01-21
- Press releaseBitget LaunchX to Support Jambo’s $5 Million Fundraising for Satellite Launch ProgramVictoria, Seychelles, January 17, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, is proud to announce the upcoming LaunchX event for Jambo, the world’s largest on-chain mobile network. Jambo aims to raise $5 million through a token sale on Bitget LaunchX to fund its ambitious satellite launch program, an initiative designed to connect a global network of JamboPhones and expand access to decentralized services. Jambo is a global leader in the blockchain ecosystem through i2025-01-17