Bitget Exchange is adopting a three-in-one strategic approach

Bitget Exchange has developed very rapidly in the past few years and is an exchange with distinctive characteristics.

Especially recently, Bitget has made several big moves. The logic behind these actions is worth digging into. We can take a closer look at the decision-making context behind these surface actions and find opportunities that ordinary users can seize.

1. Concentrated liquidity

First, Bitget’s wallet currency BWB (Bitget Wallet Token) was merged into the platform currency BGB (Bitget Token).

This operation not only directly concentrates liquidity, but also improves The market value and liquidity of BGB also indirectly empowers BGB. The merged BGB will be able to be used in a wider range of application scenarios, including on-chain and off-chain scenarios.

On the user side, by merging the two tokens, Bitget unifies the brand and ecology, reduces the complexity for users to convert between different tokens, and makes the use of tokens on the entire platform more consistent.

This is not a strategic contraction, in fact it is more like It is to concentrate resources and seek breakthroughs on the battlefield with superiority.

2. Raise the platform currency< /span>

Taking the opportunity of concentrated liquidity, Bitget began to rapidly increase the platform currency again BGB price.

BGB’s price has repeatedly broken through upwards, and its market value has exceeded $10 billion.

Many people even say that the current BGB is different from the one in 2019 BNB is very similar.

This is exactly what the rise of the platform currency has brought to the exchange positive effects and market popularity.

Consensus is not formed in the decline; Condensed in the rise.

BGB is the native token of the platform, and the price increase can be Considered as a vote of confidence in the platform, this will attract more partners, users, projects and funds to the Bitget platform.

On the other hand, the market position of Bitget Exchange and Brand influence will also increase accordingly. This can help it stand out in the highly competitive market of exchanges and attract more attention and investment.

In short, Bitget wants to be on top in this cycle , taking advantage of the big brothers encountering their own bottlenecks, taking the opportunity to challenge.

3. Develop a new narrative

The rapid price increase cannot be sustained, and we need to find stronger value support or Anticipatory support brought by narrative.

What is the strongest narrative expectation?

Of course it is a public chain.

In the Crypto industry, in various market segments, companies The ceiling of the chain is the highest, which can be seen from the airdrop field. Big hair often comes from new public chains. The valuation is high, and the airdrop is naturally generous.

This is why Bitget focuses on supporting Ethereum’s new Layer 2 Project Morph.

If BGB wants to target BNB, then Morph will The target must be BSC.

If we ordinary users do not catch the wave of BGB Wealth effect, then go and lay out the next well-known wealth code-Morph.

Morph’s mainnet has not been online for long, and the coins have not yet been issued. , it is still in the points activity stage, and those who are worthy of the airdrop can participate in the wave.

Summary< /h2>

Bitget’s strategy in this round is very clear: first concentrate on liquidity, concentrate on its own Advantageous resources; further increase the platform currency, attract market attention through the wealth effect, and simultaneously develop a new narrative, that is, the new public chain Morph, and ultimately activate the entire ecosystem.

Exchange + wallet + public chain, trinity, collaboration develop.