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Bitget to transfer 440 million BGB to Morph Foundation, accelerating BGB as gas and governance token of Morph, an Ethereum-based Layer 2 blockchain. The Morph Foundation will also revise BGB’s burn mechanics to link reductions to onchain activity with a long-term target of shrinking total supply from 1.1 billion to 100 million

Bitget to transfer 440 million BGB to Morph Foundation, accelerating BGB as gas and governance token of Morph, an Ethereum-based Layer 2 blockchain. The Morph Foundation will also revise BGB’s burn mechanics to link reductions to onchain activity with a long-term target of shrinking total supply from 1.1 billion to 100 million
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