HOW BITGESELL GETS VALUE
HOW BGL GETS VALUE The value of Bitgesell (BGL) is primarily determined by supply and demand, similar to Bitcoin. Unlike traditional currencies or fiat money, which are backed by central banks and government trust, Bitgesell does not rely on a traditional "backing," such as gold reserves or other assets. Instead, its value is supported by several key factors. 1. Supply and Demand on Exchanges The magic happens on the exchanges. Currently, Bitgesell is available only on a few decentralized exchanges (DEX), where transactions of wrapped Bitgesell (WBGL) take place, specifically on BSC, ETH, ARB and OP networks. When the demand for Bitgesell increases relative to its supply, the price tends to rise. The amount of Bitgesell available for trading on DEXs (and in the future, on centralized exchanges) and the willingness of buyers and sellers to accept specific prices directly influence its current value. 2. Scarcity and the Halving Mechanism Bitgesell was designed to be...