In the first quarter of 2025, Bitget announced the destruction of 30 million platform coins BGB (accounting for 2.5% of the total supply). This destruction is based on on on chain gas fee statistics and quarterly deflation plans, with transaction records available on the chain, highlighting transparency. Summary of Key Points: one ⃣ Deflation mechanism innovation: BGB adopts a "dual track destruction" model, combining on chain usage (user gas fees) and fixed quota destruction, executed once every quarter, forming a self driven supply and demand adjustment mechanism. two ⃣ Supply structure optimization: By the end of 2024, Bitget will destroy 800 million BGBs held by its team in one go, reducing the total supply from 2 billion to 1.2 billion, achieving 100% full circulation, completely eliminating future token unlocking risks, and enhancing market trust in scarcity. three ⃣ Application scenario extension: BGB is not only used for fee deduction, but also deeply integrated into pledge wealth management (such as Launchpad, PoolX), on chain ecology (such as Morph chain pledge, Gas payment), and PayFi payment scenarios, forming an internal cycle of "use → lock up → circulation reduction → deflation enhancement". four ⃣ Valuation potential: Market analysis suggests that if BGB continues to realize the growth of transaction scale, quarterly destruction promotion, and on chain ecological expansion, and encounters a bull market cycle, its price may break through from the current level (historical high of $8.5) to the range of $15-30, and the valuation logic will shift from "expected speculation" to "structural growth realization".