FAQs on the Bitget Wallet Token (BWB) - Bitget Token (BGB) Merger

This FAQ addresses common questions about the upcoming BWB and BGB token merger. The merger will unify the two tokens into BGB, establishing it as the sole utility token for the Bitget Exchange and Bitget Wallet.

1. What is the BGB and BWB merger?

The BWB-BGB merger combines the two tokens into one. After the merger, BGB will become the unified token for both the Bitget Exchange and Bitget Wallet, enhancing its utility and value across on-chain and off-chain applications.

2. Why are BGB and BWB merging?

The decision to merge is based on community recommendations and the remarkable growth of BGB in 2024:

• BGB Growth: Over 1000% token price increase, significant growth in holders, and expanded market capitalization.

• Integrated Ecosystem: This merger strengthens the integration between on-chain and off-chain use cases.

• Community Benefits: Enables the BWB community to fully share in the benefits of the growing Bitget ecosystem.

3. What impact will the merger have on BGB holders?

After the merger, BGB, as the underlying fuel of the exchange, will fully integrate with on-chain use cases.

• BGB will be deeply embedded in major blockchains and leading DeFi ecosystems, enabling on-chain trading and gradually becoming a staked asset in major lending and staking protocols.

• BGB will integrate with on-chain applications of Bitget Wallet, including Fair Launchpool and multi-chain gas fee payments.

• BGB will actively expand its utility in offline PayFi scenarios, allowing it to be used directly for payments in restaurants, travel, refueling, shopping, and more.

4. What impact will the merger have on BWB holders?

For BWB holders:

• Token Exchange: All BWB can be exchanged for BGB.

• Airdrop: Equivalent proportions of BGB will be airdropped to replace exchanged BWB.

• BWB Token Burn: After the exchange, all BWB tokens will be permanently burned.

• Ecosystem Access: BWB holders will gain full access to the BGB ecosystem, including on-chain and off-chain applications.

5. What is the exchange rate between BWB and BGB?

The exchange rate is 0.08563 BWB to 1 BGB, calculated based on the 7-day average closing price from December 19, 2024, to December 25, 2024 (UTC+8). 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	4.917	5.805	4.594

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.

6. When will the exchange take place?

The token exchange will occur soon. Once the exchange is completed:

• BWB Deduction: BWB tokens will be deducted from your account.

• BGB Airdrop: Equivalent proportions of BGB will be airdropped to your account.

7. How can I exchange BWB if it’s not held on the Bitget platform?

For holders of BWB outside Bitget, the Bitget Wallet will provide an on-chain exchange channel, enabling you to seamlessly convert your tokens.

8. Will this merger involve additional issuance of BGB?

No. The total supply of BGB will remain unchanged, and there will be no additional issuance of BGB due to this merger.

9. Where can I find updates about the merger?

For detailed updates and instructions, visit:

• Bitget to support the merger and token swap of Bitget Wallet Token (BWB) and Bitget Token (BGB)

• Announcement on the merger of Bitget Wallet Token (BWB) and Bitget Token (BGB)