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Bitget Token

BGB#63 by market cap

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Hot: burn or buyback
#7of 28 exchange tokensthe typical one is worth $69.33M$3.32Kpaid in fees, 30 dayswhat people paid to use it#63of all coins by sizeworth $1.35B today65%of the supply still to come1.3B coins can still reach the market

Bitget Token is for an exchange's own token. We have not written its record yet, so its promises are not checked. It trades at $1.93, #63 of all coins by size, 77% below its highest ever price.

This week in the news: burn or buyback.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #7 of 28 exchange tokens. 1 reason to be careful.

Is it real?

4 of 4tests passeda real job, real backing, something ahead, room to grow
1named backersDragonFly Capital
6 yearson the marketsince 24 June 2020
45.5Kpeople watch iton CoinGecko lists

Reasons to be careful:Half the supply still to come

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Passes all four

  • ✓A real-world jobReal-world purpose: an exchange's own token
  • ✓Real backingBacking: backed by DragonFly Capital; trades on Kraken; worth $1.35B
  • ✓Something aheadAhead: news this month about upgrade
  • ✓Room to growRoom: worth $1.35B, 71 times smaller than BNB, the biggest coin within reach doing the same thing (Centralized Exchange (CEX) Token)

Backed by DragonFly Capital

  • Origin24 June 2020about about 6 yearspartner.bitget.com/bg/2LAE9K, Whitepaper, Wikipedia
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
  • BackingDragonFly CapitalInvestor tags from CoinGeckoListed on Kraken
  • Standing on the recordNo recordNo dated promise to judge yet15 headlines last month45,496 people keep it on a CoinGecko watchlistNo corrections needed so far
Why it is worth a look
  • Real-world purpose: an exchange's own token
  • Backing: backed by DragonFly Capital; trades on Kraken; worth $1.35B
  • Ahead: news this month about upgrade
  • Room: worth $1.35B, 71 times smaller than BNB, the biggest coin within reach doing the same thing (Centralized Exchange (CEX) Token)
The gap, and what to do

It is already worth more than the typical coin in Centralized Exchange (CEX) Token ($69.33M). To match the leader, BNB ($95.27B), its price would need to rise 6956%, to about $136.18.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • Listed on fewer than two big exchanges (Kraken)

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#7of 28 exchange tokensthe typical one is worth $69.33M
$1.35Bworth todayprice × coins out
$69.33Mthe typical rival is worthCentralized Exchange (CEX) Token
$95.27Bthe leader is worthBNB
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

An exchange's own token

136 coins tagged Exchange-based Tokens, worth $155.78B together. #11 of 136 by worth.

Centralized Exchange (CEX) Token: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Bitget Token$1.35Bthis coin−0.4%35% outno record
  • BNB$95.27B70.6× bigger, +$93.92B−1.2%, gap −0.867% outno record
  • WhiteBIT Coin$9.37B6.9× bigger, +$8.02B−1.5%, gap −1.129% outno record
  • LEO Token$8.25B6.1× bigger, +$6.9B+0.0%, gap +0.4no maxno record
  • Cronos$2.78B2.1× bigger, +$1.43B−1.5%, gap −1.149% out1 of 4 delivered
  • OKB$2.36B1.7× bigger, +$1.01B−1.6%, gap −1.2100% outno record
  • HTX DAO$1.52B1.1× bigger, +$169.85M−0.2%, gap +0.290% outno record
  • Gate$988.22M1.4× smaller, −$361.99M+0.7%, gap +1.175% out0 of 1 delivered
Same job, different how

Centralized Exchange (CEX) Token: this coin next to BNB, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Bitget Token says
What is BGB token? BGB is a decentralised token that is the primary token of Morph's blockchain, serving as the gas, governance.
BNB says
BNB is the native utility token of the BNB Chain ecosystem.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

What is BGB token? BGB is a decentralised token that is the primary token of Morph's blockchain, serving as the gas, governance, and payment token across the layer.

Problem it says it solves: an exchange's own token. 136 coins are working on it and together they are worth $155,781,582,331. This coin is 1% of that.

Where it trades: Kraken, Bitget, Ourbit, MEXC, Bulbaswap V3

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

1 reason to be careful

  • Half the supply still to come65% of the maximum supply is still to come
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Why is it this small?

Centralized Exchange (CEX) Token: this coin next to the group's largest, BNB.

Bitget TokenBNB
Years trading6 years9 years
Major exchanges16
Named backers10
Headlines, last month1568
Promises deliveredno recordno record

What it says is different: What is BGB token? BGB is a decentralised token that is the primary token of Morph's blockchain, serving as the gas, governance, and payment token across the layer.

It is 1.4% the size of BNB. On the facts above it is behind on years trading, major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, listings on major exchanges. Nothing here says it will; the site does not predict.

Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.

The homework: the coin itself, the news, the record

The coin itself

$1.93price of one−0.4% today
77%below its highest ever$8 on 27 December 2024
35%of the supply is out699.99M coins
$3.32Kpaid in fees, 30 dayswhat people paid to use it
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The last 7 days

7 days ago: $2.03now: $1.93 (−2.3%)

Where today sits against its highest ever price

$1.93

Highest ever: $8.45 on 27 December 2024. Today is 23% of that.

35%

of all BGB that will ever exist is already out in public hands: 699.99M coins.

65% (1.3B coins) is not yet created or held by the project. That is a majority. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Perks on its own exchange

Fee discounts and access on the exchange that issued it. Its demand follows that exchange.

  • Fee discounts and access on the exchange that issued it
$1.93price of one
×
699.99Mcoins out
=
$1.35Bworth today, #63 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 35%of the maximum supply is in circulation: 699.99M of 2B.
  • 1.3Bcoins still to be released, 65% of the maximum. Releases can add selling pressure.
  • 1.3×fully diluted value versus today's market cap. The gap is coins not yet released.
  • 23%of its all-time high of $8.45 on 27 December 2024. That is −77.2% from the top.
  • #63by market cap, $1,350,216,887.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars
  • $84.71M is locked in apps built on it right now
  • Users paid $3.32K in fees to use it in the last 30 days, $2.83K of that kept by the network

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

15headlines, last monththat name this coin
0about governmentregulation, courts, central banks
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Headlines per day, last 30 days

15 headlines named this coin in the last month.

What they were about

  • Price4
  • Unlock2
  • Upgrade1
In the news
What people are talking about, last month:

15 headlines in the last month.

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy