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9h ago

Bitget Transfers 440 Million BGB to Morph Foundation, Making BGB Morph Chain’s Gas and Governance Token

Token control shifts to Morph with burns linked to network activity.

Bitget surrenders 440m BGB tokens to Morph in governance power shift
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Bitget to transfer 440 million bgb to morph foundation, accelerating bgb as gas and governance token of morph chain

Overview

  • Half of the 440 million BGB will be burned immediately, with the remaining 220 million locked and released at 2% per month to fund liquidity, ecosystem development, and education.
  • Quarterly burns are paused in favor of an upfront burn and a new mechanism tied to Morph Chain usage until total supply falls to 100 million.
  • BGB replaces the need for a separate Morph-native token, unifying transaction fees and governance under a single asset.
  • Bitget relinquishes control of BGB’s supply as the Morph Foundation assumes responsibility for the roadmap, burn policies, and network integration.
  • Morph will tap Bitget’s wallet and liquidity support and target onboarding more than 120 million users, with Morph Points remaining valid pending a detailed redemption plan.