Core Insights - Bitget has announced a strategic partnership with Morph, a blockchain layer focused on payment and on-chain consumer finance services, to enhance the utility of BGB tokens across various projects [3][4][5] - Bitget will transfer its entire holding of 440 million BGB tokens to Morph Foundation, with 220 million BGB to be burned immediately and the remaining 220 million to be locked and gradually released at a rate of 2% per month [3][6][7] - BGB will serve as the native fuel and governance token for the Morph blockchain, facilitating payment and financial activities within the network [7][8] Bitget and Morph Collaboration - The partnership aims to position Morph as a next-generation Web3 payment infrastructure, optimizing cost-effectiveness and performance for real-world consumer finance scenarios [4][9] - Morph will integrate Bitget's infrastructure to support on-chain payments, trading, and ecosystem services, providing a foundation for developers and merchants to build decentralized payment applications [9][10] - The collaboration is expected to enhance the user experience for Bitget's 120 million users by providing access to innovative decentralized protocols powered by BGB on the Morph platform [6][10] Future Developments - Morph Foundation will oversee the long-term development of BGB, including updating its burn mechanism to align with Morph network activities until the total supply is reduced to 100 million [7][8] - The integration of Bitget Wallet with Morph is anticipated to facilitate seamless Web3 payments and on-chain consumer finance over the next 12 months [10] - Morph aims to become a core settlement hub for next-generation payment finance (PayFi) and consumer finance, leveraging its infrastructure to support a wide range of financial activities [9][10]
Bitget 将向 Morph Foundation 转移 4.4 亿 BGB,加速推动 BGB 成为 Morph Chain 的燃料与治理代币
Globenewswire·2025-09-03 15:46