#MarketRebound Bitget is merging the Bitget Wallet Token (BWB) with the Bitget Token (BGB) to create a single ecosystem token. This is stated in the company's press release.
The combined BGB token will be integrated into the Bitget wallet for paying fees in multi-chain blockchains and participating in Fair Launchpool projects. The company plans to implement it in decentralized finance ecosystems, including staking and lending platforms, as well as use it in offline PayFi applications, such as paying for travel and shopping. The user base of Bitget and Bitget Wallet exceeds 100 million people.
The conversion will occur at a rate of 11.68 BWB for 1 BGB, and BWB-related services will be terminated on December 27.
