BGB · a fixed-cap exchange token a quarterly buyback burns down.
BGB is the Bitget exchange token, also used as gas on the Morph layer-2 — ~700M circulating, with a fixed cap and no mint, so no new coins are ever issued.
Sell pressure. None from issuance — supply is fixed with no mint, so 0 new coins reach the market.
Buy pressure. A programmatic quarterly buyback burns about 30M BGB — funded by exchange profits — walking supply toward a 100M target.
Net. About 4.3% taken off the market over 90 days — structurally deflationary, though the burn draws mostly on reserve so the tradable float has held near 700M.
- Quarterly buyback-and-burn~30Mearly Oct 2026 · removed from market
BGB has a fixed cap and no mint function — nothing issues new coins, so there is no structural inflation. Supply can only move down, through the burn.
No dated team, seed or investor cliff reaches the market inside the window; the large merger-related unlocks were front-loaded to early 2026 and the remaining reserves sit on a long-dated schedule with no release before late 2026.
No public evidence of release in window — monitored. A ~214M non-circulating reserve (total ~913.9M vs ~700M circulating) is a tracked team-controlled overhang, but it is being retired by the quarterly burn rather than sold — there is no dated discretionary market release.
No bankruptcy estate or court-ordered distribution applies to BGB.
Bitget spends about 20% of exchange and wallet profits to buy BGB and burn it every quarter, sized off on-chain gas usage plus a fixed floor — roughly 30M BGB a quarter is permanently retired, walking supply toward a long-term 100M target. One quarterly burn lands inside the 90-day window.
There is no separate EIP-1559-style base-fee burn — the buy-and-burn spend is captured in Buy #1 to avoid double-counting.
No discretionary open-market buying outside the published quarterly buyback-and-burn — monitored.
No new multi-year lock or escrow announced in the window; a holder staking product exists but does not remove float from the count — monitored.
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