Bitget, the leader in cryptocurrency shifts and the web3 company, is pleased to share his strategic collaboration with his trusted ecosystem project, Morph, the EVM layer for payments and consumer finance. The duo signed an agreement to increase the BGB utility in a multitude of projects. Through this partnership, Bitget will transfer all the BGB tokens that it controls, a total of 440 million, to the Morph Foundation. Half of this allocation, ie 220 million BGB, will be burned from a single action, while the remaining 220 million BGB tokens will be blocked and released to 2% per month to finance liquidity incentives, extending cases of use and education. Morph will become the Native Onchain House of BGB and serve as the main settlement layer for more than 120 million users worldwide, with BGB established as a gas token and governance of an improved high -performance network.
Establishing the standard for payments onchain
The Morph chain will maintain its brand, the team and the strategic direction, remaining focused on its position as a layer dedicated to crypto payments and striving to become the new generation web3 payment infrastructure, advancing beyond the efficiency of costs and performance to high-scale consumption finances, with integration between wallets, departure, and global currencies.
«With this commitment to the Morph Foundation, the BGB enters a new chapter as Morph's gas and government token. This update extends the BGB in the utility token for the next ERA of Onchain consumption finances, feeding payments, applications and a wider settlement layer for millions of users worldwide.» Gracy Chen, CEO al Bitget.
The expansion of BGB with Morph
BGB will become the main token of the Morph blockchain, serving as gas token, governance and payment throughout the layer. The settlement activity and Payfi will run through the BGB along with stable coins, offering a central role in supplying the Morph network. At the same time, BGB will continue to collaborate with existing partners, including Bitget, MexC and Bitfinex, where BGB is already listed, and others beyond these exchanges, serving as a key for Launchpool new token mining, tax reductions and others. In the future, the Morph Foundation, a non-decentralized non-profit organization, will be the only responsible for the long-term road MAP of BGB development, co-constructing the ecosystem with the community. It will also update the BGB combustion mechanism to directly bind to MorPH network activity until the total offer is reduced to 100 million.
«Morph has always had a close relationship with Bitget since its founding. There are projects that we have always wanted to collaborate with, but a large part of our growth so far has been autonomous. By this strategic initiative, we are delighted to become the house of the Onchain initiatives of Bitget and to support the Million of BGB.» Colin Goltra, CEO al Morph.
Increasing decentralized ecosystem on scale
To support the long -term prosperity of Morph, Bitget and Bitget Wallet will bring their entire infrastructure directly to Morph, strengthening the payment, trading and ecosystemic services around the chain. This includes native support for stable currencies, regional currencies and global payments, offering developers and traders an unmatched foundation to build decentralized applications on scale payments.
Morph Rails It will serve as the spine of this expansion, fueling hackathoane, builders and direct support for new projects. Developers who build on Morph will have access to Bitget and Bitget Wallet users, which includes over 120 million users, connecting their applications to one of the largest Onchain audiences in the world. With Bitget's support, Morph is positioned to become the settlement hub for the next generation of Payfi and consumer finance.
«BGB has found its house Onchain with Morph, marking a new chapter on his trip. We are delighted to invite millions of users to experience BGB and find utility in completely new ways. In the next 12 months, we will see an acceleration of BGB migration on Layer Morph and deeper partnerships between Morph and Bitget Wallet to allow Light Web 3 Karry Cheung, CEO al Bitget Wallet.
About bitget
Founded in 2018, Bitget is a world leader in exchange for cryptocurrency and a web3 company. Serving over 120 million users in 150+ countries and regions, Bitget exchange is dedicated to help users trading smarter with its innovative copy trading and other trading solutions, while providing real -time access to Bitcoin price, Ethereum price, and other cryptomone prices. Bitget Wallet is a top non-customs crypto wallet that supports over 130 blockchains and millions of tokens. It offers multi-chain trading, staking, payments and direct access to over 20,000 DAPPS, with advanced swaps and market prospects integrated into a single platform. Bitget leads Crypto adoption through strategic partnerships, such as its official Crypto Partner of the Top World Football League, LALIGAin the markets of the East, Sea and Lam. Aligned with its global impact strategy, Bitget has joined with UNICEF to support Blockchain education for 1.1 million people by 2027. In the world of motor sports, Bitget is the exclusive partner of MotoGP ™ cryptocurrency exchange, one of the most exciting championships in the world. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet for press questions please contact: [email protected]
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Despre Bitget Wallet
Bitget Wallet It is a non-customs crypto wallet designed to make Crypto simple and safe for everyone. With over 80 million users, it brings together a complete suite of crypto services, including swaps, market prospects, staking, rewards, DApp exploration and payment solutions. By supporting over 130 blockchains and millions of tokens, Bitget Wallet allows fluid multi-chain trading on hundreds of dex and cross-chain bridges. Supported by a users protection fund of over $ 300 million, it ensures the highest security level for user assets. His vision is Crypto for all – Make Crypto easier, safer and part of everyday life for a billion people.
About Morph
Morph is a Layer 2 generation 2 generation designed for onchain consumption finance. It feeds fluid services in payments, savings, identity and rewards, with products such as Morph Pay and Morph Rails for developers, forming the financial infrastructure of the digital economy.