Bitget Token (BGB) implemented a large-scale token destruction plan from the end of 2024 to the beginning of 2025 and introduced a new quarterly destruction mechanism! Destruction in the first quarter of 2025: Quantity: In the first quarter of 2025, Bitget destroyed 30006905 BGBs, accounting for approximately 2.5% of the total supply. Value: Based on the BGB price of approximately $4.3 at the time, the destruction value is approximately $129 million. Mechanism: The new destruction mechanism is based on the on chain usage of BGB (especially through Bitget Wallet's GetGas account for paying on chain gas fees). The destruction formula combines BGB's gas cost usage, quarterly average price, and predefined constants to ensure a dynamic and transparent destruction process. Transparency: The destroyed transaction records and wallet addresses have been made public on the chain. Current supply: After destruction, the total supply and circulation of BGB are 1169993095 pieces. Future Destruction Plan: Frequency: Starting from 2025, Bitget will carry out quarterly destruction, usually completed at the beginning of the next quarter Rule: Bitget will allocate 20% of its quarterly profits from its exchange and wallet businesses (including spot, futures, leveraged trading, NFT trading, etc.) to repurchase and destroy BGBs. Summary of BGB Investment Value: Short term (3-6 months): BGB's quarterly destruction and ecological expansion (such as Bitget Onchain) may drive prices up in the $4.5-6 range, but caution should be exercised against market pullback risks. Long term (1-3 years): Continuous destruction (10% per year), ecological integration (CEX+DEX), user growth (over 100 million), and expansion of Web3 application scenarios provide strong upward potential for BGB, with prices potentially exceeding $10 and market value ranking among the top 20. Suggestion: For long-term investors, BGB's deflationary mechanism and ecological utility make it attractive, and they can consider investing regularly or building positions when the price drops to $3.8-4. Short term traders need to pay attention to market sentiment and key resistance/support levels. BGB Destruction Announcement ￮ Chinese: Announcement on Completing the Destruction of Bitget Token (BGB) in the First Quarter of 2025 https://www. (bitgetapps. com)/zh-CN/support/articles/12560603825803 ￮ Destruction record https://// (etherscan.io)/tx/0xb70fe8fbef321a64c57dd7bc6a3cc0ac37326788ff845a368687497d45c131a7 This article is sponsored by Bitget | @ Bitgetzh