Exchanges are stepping up and making their tokens more attractive. They are now adding on-chain utilities to their tokens.
Scrolling through X, formerly Twitter, I came across the Bitget exchange's partnership with Morph, which is a layer 2 payment-focused chain. The partnership means that BGB, the exchange token, will be used across the chain for gas and governance.
This will result in the BGB circulating supply being reduced to 100 million through burning. The news already has a massive effect on the token, as it is trending significantly, and if this partnership proves successful, BGB will be at a similar level to BNB. That is why it will be great to get involved in the token now.
I look forward to how this turns out. This is NFA, DYOR, and share your opinion.
More details:
https://x.com/bitgetglobal/status/1962818118805549373Linkback: https://www.forex.zone/general-cryptocurrency-discussion/32/more-cex-tokens-now-have-on-chain-utilities/4775/
