Recent Changes to BGB After Morph Partnership

BGB, Bitget token, is going through some big changes after its partnership with Morph. It’s no longer just connected to the exchange, it’s now being used to power the Morph Chain as both a gas and governance token. It’s also built into Morph’s PayFi system, which covers things like crypto cards, online payments, and QR code payments.

At the same time, Bitget and Morph are cutting down the token supply. They’re starting by burning 220 million tokens right away, which is the same as fast-forwarding seven quarters of their original plan. Over the long run, the total supply is set to shrink from 1.139 billion to only 100 million, a drop of about 90%.

Right now, BGB is trading around $5. With less supply in circulation and new real-world uses being added, the token is in a stronger position than before, and these changes could shape how it trades going forward.