According to Foresight News , the Morph Foundation today announced its latest allocation plan for its 220 million BGB tokens and officially launched a new quarterly BGB burning mechanism. This mechanism directly links the supply of BGB to the actual usage of the Morph network, with the burning scale determined by ecosystem fees, average price, and community governance parameters. With the Viridian upgrade and support for EIP-7702, BGB will be able to be directly used to pay for Morph network gas, becoming one of the ERC-20 tokens capable of serving as native gas on Layer 2.
Morph stated that this update not only strengthens BGB's core role in Gas, governance, and settlement, but will also promote its further expansion in key ecosystem areas such as DeFi and PayFi, creating a long-term deflationary path for the token based on real-world use cases.
