Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,813,574,301 | Market Cap: $2,606,848,781,930
Bitget Token
BGB
$1.10
Sector
CEX
Exchange Debut
2020-06-10
Market Cap
1,540,177,602
Maxim Supply
2,000,000,000
Circulating Supply
1,400,001,000
Circ. Supply(%)
70.00%
Bitget Token
BGB
Price
$1.10
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
30637694
1.140126184509
1.07382495613
Change 24h
Change 7d
Change 30d
-3.5077
-2.2383
-1.159
Maxim supply
Circulating supply
Circulating supply(%)
2,000,000,000
1,400,001,000
70.00%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Bitget Token cryptocurrency:
Bitget Token (BGB), the native token of the Bitget Exchange, has been subjected to a detailed fundamental analysis, and the overall score has turned out to be a promising 6.77 out of 10. The Bitget platform, which was founded by Sandra Lou in 2018, has grown rapidly, boasting over 8 million users across 100+ countries. Let’s now delve into the analysis, examining various facets of this cryptocurrency project.
SOCIAL & MASS MEDIA: Score 7 out of 10
The fundamental analysis of the cryptocurrency Bitget Token reveals a strong social media presence, with an ability to attract followers and proactive social media administrators both scoring a perfect 10. However, the community activity on these platforms lags behind, with a score of 2 out of 10. Bitget Token maintains a good media presence and has large communities in chat groups, which augments its reach and visibility.
AUDIT & SECURITY: Score 4.45 out of 10
When it comes to audit and security, the Bitget Token scores moderately. Audit results and transparency of information available to the public could be improved upon. However, it has a decent liquidity score on exchanges, which offers some reassurance about the token’s trading viability.
TOKENOMICS: Score 6.1 out of 10
Exploring the tokenomics in the fundamental analysis of the cryptocurrency Bitget Token, it’s clear that while it is mildly inflationary, with a score of 8, it struggles with centralization of its monetary mass, scoring a low 2. This suggests a potential area for growth and decentralization to increase trust among potential investors.
ECOSYSTEM DEVELOPMENT: Score 6.8 out of 10
Bitget Token shows strong performance in achieving its objectives and planning for new developments in the project. This demonstrates an active and forward-thinking approach towards the project’s growth and evolution.
TEAM & DEVELOPERS: Score 6.8 out of 10
The team behind Bitget Token brings valuable experience to the project, scoring an impressive 8 out of 10 in this regard. However, the low number of software developers may pose a challenge for the project’s future development and expansion.
PRODUCT & UTILITY: Score 8.08 out of 10
One of the strongest points in the fundamental analysis of the cryptocurrency Bitget Token is the utility of the product and tokens in the ecosystem, which have earned scores of 8.8 and 7, respectively. This reflects the practical value of Bitget Token within its platform and potential use cases in the wider crypto ecosystem.
PARTNERS & INVESTORS: Score 7.05 out of 10
Finally, in terms of partnerships and investors, Bitget Token shows solid progress. While the number and capacity of investors can be improved, the number and quality of partnerships has earned a robust score of 8.1.
Fundamental analysis of the Bitget Token cryptocurrency – The final conclusion
Taking into consideration the above-mentioned points, the fundamental analysis of the cryptocurrency Bitget Token shows it to be a promising project with several strengths, particularly in product utility and social media presence. However, it also has areas for improvement, notably in audit and security, and decentralization of its tokenomics. For investors, it offers an opportunity to be part of a growing platform with a well-conceived product. But, they should be mindful of the risks associated with the centralization of its monetary mass and the need for improved transparency and audit results. Overall, the Bitget Token appears to be a worthy project to consider, offering an exciting blend of risk and potential.
This analysis should assist investors in making an informed decision, underscoring the importance of conducting a thorough “fundamental analysis of the Bitget Token cryptocurrency” before investing. Its strong product utility and ecosystem development indicate an underlying value in the Bitget Token that could be harnessed for growth.
However, with the lower score in audit and security, it’s clear there are steps the Bitget team could take to increase trust and confidence in their platform. Improving transparency, releasing detailed audit results, and demonstrating security measures could go a long way in assuaging investor concerns.
Furthermore, a more decentralized monetary mass would make the tokenomics more appealing to the wider cryptocurrency community, who largely value the decentralization aspects of cryptocurrency.
The experience of the team behind Bitget Token, spearheaded by Sandra Lou, gives it a strategic advantage. However, an increase in the number of software developers could accelerate the pace of development and bring more innovations to the platform, enhancing its attractiveness to both users and investors.
What is Bitget Token?
Bitget Token (BGB): A Comprehensive Utility Token
In the ever-evolving landscape of digital currency, Bitget Token (BGB) stands as the integral utility token of Bitget, a revolutionary centralized cryptocurrency exchange. Born in July 2021, BGB is aimed to bolster the user experience, offering a range of services within the Bitget ecosystem.
Unlocking the Potential of BGB
When exploring the functionality of BGB, it’s developed to support various trading actions including staking, social trading, and profit sharing. It also awards traders with significant trading fee discounts. Moreover, BGB offers access to exclusive rewards, promotions, and early exposure to potential projects via the Bitget launchpad and launchpool.
The Architect Behind BGB: Sandra Lou
Bitget, a social trading platform established in Seychelles in 2018, brought this innovative token into existence under the astute leadership of Sandra Lou. Lou’s expertise, rooted in the traditional finance sector, coupled with her interest in Bitcoin and blockchain technology, laid the foundation for Bitget. Today, this thriving platform hosts over 8 million users from more than 100 countries, marking its position as the third-largest derivatives exchange globally by September 2022.
What Sets BGB Apart?
The uniqueness of Bitget Token lies in its specific attributes. Operating on a decentralized network, BGB assures lower transaction costs by excluding intermediaries. Bitget’s team prioritizes scalability, handling high transaction volumes to prevent congestion as the platform grows. BGB contributes to a more inclusive and efficient crypto trading experience, thus enhancing the fundamental analysis of Bitget Token cryptocurrency.
The narrative beautifully illustrates the transformative journey of Bitget Token, its commitment to an enriched trading experience, and the future growth and expansion possibilities it brings to the world of cryptocurrency.
- Latest analysis update: June 30, 2023
Bitget Token - BGB performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
