{"id":45257,"date":"2025-09-02T11:31:54","date_gmt":"2025-09-02T11:31:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45257"},"modified":"2025-09-02T11:31:54","modified_gmt":"2025-09-02T11:31:54","slug":"bitget-transfers-440-million-bgb-to-morph-foundation-establishing-bgb-as-gas-and-governance-token-of-morph-chain","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45257","title":{"rendered":"Bitget Transfers 440 Million BGB To Morph Foundation, Establishing BGB As Gas And Governance Token Of Morph Chain"},"content":{"rendered":"<div>\n<p>Crypto exchange <strong>Bitget <\/strong>on Tuesday announced it<strong> <\/strong>will transfer all 440 million <strong>BGB <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">BGB<\/a>) tokens it controls to the <strong>Morph Foundation<\/strong>, marking a decisive shift in the token&#8217;s <a href=\"https:\/\/www.benzinga.com\/crypto\/25\/08\/47402563\/bitget-posts-750b-monthly-volume-in-first-half-2025-as-institutional-trading-surges\">future utility and governance<\/a>.<\/p>\n<p>The move establishes BGB as the official gas and governance token of Morph Chain, a Layer 2 network focused on payments and onchain consumer finance.<\/p>\n<p>According to the announcement, half of the transferred tokens, 220 million BGB, will be permanently burned, while the remaining 220 million will be locked, with a gradual 2% monthly release to fund liquidity incentives, ecosystem development, and education. <\/p>\n<p>The transfer means Bitget will no longer control BGB&#8217;s token supply, with the Morph Foundation assuming responsibility for its roadmap, burn mechanisms, and ecosystem integration.<\/p>\n<p><strong>Also Read: <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/08\/47394536\/bitcoin-undervalued-compared-to-gold-fair-value-at-126000-jpmorgan\">Bitcoin &#8230;<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/09\/47445311\/bitget-transfers-440-million-bgb-to-morph-foundation-establishing-bgb-as-gas-and-governance\" alt=\"Bitget\" transfers million bgb to morph foundation establishing as gas and governance token of chain>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto exchange Bitget on Tuesday announced it will transfer all 440 million BGB (CRYPTO: BGB) tokens it controls to the Morph Foundation, marking a decisive shift in the token&#8217;s future utility and governance. The move establishes BGB as the official gas and governance token of Morph Chain, a Layer 2 network focused on payments and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-45257","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45257"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45257\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}