Delisting information
Bitget to support the merger and token swap of Bitget Wallet Token (BWB) and Bitget Token (BGB)
2024-12-26 08:152812987
Bitget will support the merger and token swap of Bitget Wallet Token (BWB) and Bitget Token (BGB).
The details of this process are as follows:
1. Merger announcement:
2. BWB delisting
Bitget will discontinue BWB-related token services at 4:00 PM on December 27, 2024 (UTC+8). Details are as follows:
Spot trading: BWB/USDT will be removed from spot trading, and all related services will be discontinued at 4:00 PM on December 27, 2024 (UTC+8).
Spot trading bot: BWB/USDT will be removed from spot trading bot, and all related services will be discontinued at 4:00 PM on December 27, 2024 (UTC+8).
3. BWB and BGB token swap
Swap ratio: The swap of BWB for BGB will be based on the 7-day average closing price of BWB/USDT and BGB/USDT (from December 19, 2024, to December 25, 2024 (UTC+8)), as referenced on Bitget. The 7-day average closing prices for BWB and BGB are as follows:
|
Daily closing price
|
December 19
|
December 20
|
December 21
|
December 22
|
December 23
|
December 24
|
December 25
|
7-day average closing price
|
|
BWB
|
0.3899
|
0.3356
|
0.3443
|
0.3479
|
0.3504
|
0.3842
|
0.6016
|
0.3934
|
|
BGB
|
4.5338
|
4.3128
|
4.1402
|
4.1483
|
4.3012
|
4.9170
|
5.805
|
4.5940
|
Based on the data, the BWB/BGB exchange rate is 0.08563 (0.3934 / 4.5940 = 0.08563 ).
Example: If User A holds 100,000 BWB, based on the exchange rate of 0.08563, the user will receive 8563 BGB.
Swap timeline: Bitget will provide a separate notification after the swap is completed. At that time, all BWB held in user accounts will be retrieved and destroyed, and the corresponding amount of BGB, based on the exchange rate, will be airdropped into users' spot accounts.
Note: The BWB and BGB merger and swap will not impact the total supply of BGB, and no additional BGB will be issued.
Thank you for supporting Bitget.
Disclaimer
Cryptocurrencies are subject to high market risk and volatility despite their high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget.
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