TokenInsight Releases BGB Rating Report, Assigned Grade A

ChainCatcher reports that TokenInsight has released a rating report on Bitget's platform token BGB (Bitget Token). The report shows that BGB has been rated A, with a rating outlook of "stable prospect," reflecting its comprehensive performance in technical architecture, security mechanisms, token model, and ecosystem construction.

The report points out that BGB, as the core token of the Bitget ecosystem, currently covers exchange business and Web3 application scenarios, playing a role in several areas such as fee deduction, airdrop participation, and Launchpad. Since the end of 2024, Bitget has initiated a token burning mechanism, with the number of tokens burned linked to on-chain gas consumption. Relevant data can be publicly verified on-chain, providing transparent assurance for the token deflation model.

In terms of security, Bitget publishes proof of reserves monthly and has a protection fund currently exceeding $600 million. Additionally, the BGB smart contract has been audited by CertiK, gaining recognition for its security.

Furthermore, TokenInsight notes that Bitget has been continuously expanding its Web3 ecosystem in recent years, launching the on-chain product Onchain and establishing localized communities in multiple global markets. Currently, BGB's market value has exceeded $5.6 billion, ranking 26th among global crypto assets on CoinMarketCap.