According to Foresight News , Bitget announced an exclusive strategic partnership with Morph, a consumer-grade public blockchain, to accelerate the on-chain application and ecosystem expansion of BGB. BGB will be upgraded to the Morph ecosystem's gas token and governance token. BGB will also continue to play a role in partner ecosystems, including exchanges and wallets, offering core functions such as participation in launchpools and fee discounts.
Under this partnership, all BGB tokens governed by the Bitget team will be transferred to the Morph Foundation, totaling 440 million. Of these, 220 million will be destroyed in a single transaction. The remaining 220 million will be locked and unlocked at a rate of 2% per month to be used for liquidity incentives, use case expansion, and education. Furthermore, the Morph Foundation will update the BGB destruction mechanism, tying it to the activity of the Morph chain until the total supply of BGB drops to 100 million.
As part of the partnership, Bitget and Bitget Wallet will adopt Morph as their payment infrastructure and PayFi settlement layer, and will assist in onboarding more ecosystem partners, including stablecoin issuers and global payment solution providers. This also means that Bitget's 120 million users will be integrated into the decentralized ecosystem built by Morph, jointly driving its development and growth.
