Bitget Wallet’s innovative GetGas will use its BGB native token to pay for gas on multiple chains starting in January 2025. This is according to a statement released by CryptoSlate Dec. 27, 2018.
The initiative will streamline the operations of multiple blockchains including Ethereum, Solana Chain, BNB Chain (Blockchain by BNB), Base, Arbitrum Chain, Optimism Chain, TON and Tron.
According to the company, users of its chain will no longer need unique gas tokens. The firm says that this approach will simplify transactions and increase cost-efficiency.
Further, the wallet’s Reward Center will offer opportunities to earn free gas vouchers through simple tasks that would help reduce their expenses.
Alvin Kan said that Bitget Wallet’s COO, Alvin Kan:
“By integrating multi-chain gas payments, unlocking new possibilities in DeFi and PayFi, and simplifying onchain interactions, we aim to make decentralized technology accessible and intuitive.”
Bitget Wallet is one of the most popular non-custodial crypto wallets, with over 60,000,000 users around the world.
BGB token burn
Bitget announced that it plans to reduce the BGB token stock from 2 to 1.2 Billion tokens by burning 40%.
Bitget also plans to begin quarterly BGB token burnings in 2025. This firm has said that it will allocate 20% of profits generated from its exchange and wallet operation to these burns.
Bitget says that the buybacks, burns, and other actions could increase demand for BGB. “one of the top 10 foundational assets in the crypto industry.”
Bitget merged Bitget Wallet Token BWB with BGB to enhance the token’s utility and streamline its operations. The token can now be used as an asset of utility within Bitget’s exchange and wallet environment.
BGB, according to CryptoSlate, has increased by 15% over the past 24 hours and reached an all-time record high of $8.49. Exchange tokens are the 16th most valuable crypto assets by market cap, valued at more than $10 billion.
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