Trial Operation Scheme of Bitget Platform Coin BGB (Bitget Token)

1. What is BGB? (Brief introduction of BGB)

BGB (Bitget Token) is an upgraded platform token of Bitget. In order to adapt to the development of the existing platform, BGB has made adjustments for the rights and interests of application to the original platform token BFT (Bitget Defi Token). After that, BFT will be replaced by BGB, and the original BFT will be completely destroyed and no longer circulated. The specific information of BGB is as follows:

Category	Contents
Token name	Bitget Token
Token symbol	BGB
Chain	ERC20
Total circulation	2,000,000,000
Allocation	Existing circulating exchange: 25%, the balances exchange: 75%
Exchange ratio	BGB : BFT =  2 : 1

2. Bitget, make trading easier

 At the beginning of this year, retail investors in WallStreetBets, a Reddit stock forum, chanted the slogan YOLO (You Only Live Once), and worked together to push the share price of a game retailer Gamestop from less than $20 to nearly $500, and resulted several large hedge funds which shorted the stock to force closing positions with significant losses. This milestone event proved that the power of retail investors is on the rise.

Throughout the history of the entire securities industry, we found that with the development of the Internet, investment transactions are gradually becoming popular and community-based. The copy trading platform eToro, established as early as 2007, has now developed into one of the world's largest online trading platforms. This has spawned a large number of investment influencers and opinion leaders, they may not be from professional institutions or graduated from top universities, but they have their own unique investment methods that can help their followers to make trading easier.

On the other hand, the cryptocurrency investment market is growing rapidly, and the industry needs a better copy trading platform that is convenient and easy to use. The goal of Bitget is to make cryptocurrency trading easier and more popular. Bitget strives to become a world-class cryptocurrency exchange with copy trade feature and provide sufficient impetus for the future of the cryptocurrency industry.

3. Bitget’s advantages

⑴Solid product foundation

The product business line consists of spot trading, futures trading, copy trading and C2C trading, of which copy trading has become the world's largest cryptocurrency copy trading product.

⑵Excellent technical strength

Independent research and development of product technology, stable system, showing outstanding strength in security defense and response to extreme market conditions.

⑶Strict risk control system

The risk control team is formed by the world's top financial risk control elites, and adopts A+ series risk control rules to protect user assets and ensure transaction safety.

⑷Top level industry status

Bitget has become the world's largest cryptocurrency copy trading platform and ranks among the world's top five in the cryptocurrency futures trading sector.

⑸Global operation

Bitget operates globally, users in more than 40 countries and regions including Japan, South Korea, Southeast Asia, Russia, Turkey etc.

⑹ 7×24 quality service

Bitget's account managers, customer service representatives and global KOLs can provide quality services in a timely manner.

4. Achievements of Bitget

⑴Futures trading volume: Worldwide top 5 futures trading volume, with an average daily trading volume equivalent to USD 5 billion

⑵Copy trade data: Top 1 in the world, with a cumulative number of completed trades exceeding 6 million+

⑶Number of KOLs: The total number of KOLs is 10,000+ worldwide

⑷Platform users: 1.3 million+ users from more than 40 countries and regions including Japan, South Korea, Southeast Asia, Russia, Turkey etc.

⑸Stable system: No downtime in extreme market conditions and safety risks, and zero safety accidents since day one.

5. Bitget's business model

Source of income	Specific contents
Futures transaction fees	Bitget will charge maker fee - 0.04% and taker fee - 0.06% for each transaction
Spot transaction fees	Bitget will charge a 0.2% for each transaction
Withdrawal service charge	Bitget will charge a small amount of fee for each withdrawal
Other fees	Bitget will expand more business scenarios in the future, and there may be other service charges

6.The specific issuance rules of BGB

The total supply of BGB is 2,000,000,000, all of which will be swapped to the BFT holders, 25% (500,000,000) will be used for swapping of existing circulating BFT, and the remaining 75% (1,500,000,000) will be distributed as follows:

a. 15% will be used on community and acquisition of new user, with a maximum of 4% will be released every year;

b. 15% will be used for branding, including rewards and remuneration for those KOLs, media, and communities who have contributed to the Bitget, with a maximum of 3% released each year;

c. 15% will be used for ecological investment funds for development of Bitget’s ecosystem;

d. 20% will be used for core team motivation, 2% will be unlocked in every 6 months, and completed in 5 years (60 months);

e. 10% will be used for the investor protection fund, which will only be unlocked according to the actual payment amount when the user compensation plan is launched. Potential compensation scenarios include cryptocurrency theft and debt in margin call due to platform security issues;

7.Application scenarios of BGB

By holding BGB, you will be entitled the following benefits:

(1) Futures transaction fee discount: Using BGB as a contract margin can enjoy a discount on contract transaction fees (the current discount rate is 15%);

(2)Spot transaction fee discount: Use BGB to pay for spot transaction fees and enjoy discounts (the current discount rate is 30%);

(3) KOL partnership reward: Use BGB as a guarantee deposit to enjoy more partnership rewards;

(4) Other business scenarios：for instance, BGB can be used as proof of rights and interests for users of different levels in the future, and it can also be used as a social token for the interaction between fans and copy traders. Use case scenarios include but not limited to transaction strategy subscription, trading trial bonus, private social circle tickets and red package etc.

8.Swapping of BGB and BFT

⑴Swapping ratio: 2BGB = 1 BFT

⑵Swapping principle:

Equal circulation proportion and equal value swapping will be applied, the proportion of the circulation will remain the same as before swapping (that is, the proportion of the circulation in the total supply remains unchanged). The total supply of tokens before and after the swapping and the circulation ratio are as follows:

	Before swapping	After swapping
Total supply	1,000,000,000	2,000,000,000
Circulation	250,000,000	500,000,000
Circulation ratio	25%	25%

9.Risk warning

BGB is a utility-type token of the Bitget platform. It is not financial derivatives such as securities, stocks, bonds etc. Any users holding BGB need to comply with local laws and regulations, and at their own risk.