Bitget announced the upgrade of the smart contract address of the platform currency BGB. This upgrade will further enrich the rights and interests of BGB holders, expand its use scenarios in decentralized applications such as DeFi, DEX, and GameFi, and provide more value and opportunities for BGB holders.
During the contract upgrade, Bitget users do not need to perform any operations, and Bitget will automatically complete the exchange of new and old tokens. BGB's spot trading, leveraged trading, and financial services will not be affected.
The timeline is as follows:
- Suspend BGB deposit and withdrawal services at 19:00 on July 1 (UTC+8)
- Take asset snapshots of all BGB holders on the chain at 20:00 on July 1 (UTC+8)
- Airdrop new BGB to all BGB holders on the chain at 1:1 at 11:00 on July 2 (UTC+8)
- The exchange ratio between old and new BGB is 1:1. Users holding coins on centralized exchanges will automatically complete the exchange. Addresses holding more than 0.1 BGB on the chain will receive a 1:1 airdrop before July 3.