Bitget Wrapped BTC(BGBTC)

Overview

Bitget Wrapped Bitcoin (BGBTC) is a wrapped token issued and operated by Bitget and designed to be pegged 1:1 with Bitcoin (BTC). Users can subscribe to and redeem BGBTC through the BGBTC subscription channel on the Bitget product page.

BGBTC is intended to let holders maintain their BTC positions while using the token within the DeFi ecosystem. It can be staked on Bitget Earn, and Bitget works with multiple DeFi projects in the Bitcoin ecosystem to provide stackable reward points (BGPoints) to stakers. These points can be converted into token airdrops following the respective projects' token generation events (TGEs).