LET ME TELL THE BGOGO STORY!
Bgogo is the first digital asset exchange with supernode listing authority, designed to list the most high quality and promising digital assets. Members from leading internet companies such as Facebook, Twitter, IBM, Alibaba etc are Bgogo founders. Several world champions of the ACM International Collegiate Programming Contest are part of the core engineering team. Bgogo hopes to be the cryptocurrency exchange of the community, by the community, for the community.
A supernode (in circuit theory) is a theoretical construct that can be used to solve a circuit. This is done by viewing a voltage source on a wire as a point source voltage in relation to other point voltages located at various nodes in the circuit, relative to a ground node assigned a zero or negative charge.
A supernode is also known as an open platform for Node-Based Computation.
A node is a point of intersection/connection within a network. It is described as a point in a network at which lines or pathways intersect. In an environment where all devices are accessible through the network, these devices are all considered nodes. The concept of nodes works on several levels, but the big-picture view defines nodes as the major centers through which internet traffic is typically routed.
Each supernode contains two nodes, one non-reference node and another node that may be a second non-reference node or the reference node. Suprnodes containing the reference node have one node voltage variable. For nodal analysis, the supernode construct is only required between two non-reference nodes.
Description of BGG Supernodes
Bgogo has 21 BGG supernodes. The founding generation of supernodes is selected from leading cryptocurrency institutions across the globe. These entities will participate in the BGG token private sale. Playing a key role in the Bgogo ecosystem, each supernode is granted the ‘One Vote, One Listing’ right as well as the benefit of ‘20% Per-Trade Commission over a lifetime.
One quarter is the tenure of each supernode, which is about 90 days. At the end of each quarter, Bgogo supernodes are re-elected based on the top 21 accounts in BGG holding position. In other to qualify, supernodes are required to pass KYC verification and subject to vetting by the team. This is for the purpose of protection against potential violations of laws and regulations.
Each supernode is entitled to ‘One Vote, One Listing’ authority, which gives status holders the right to pick a cryptocurrency to list on the Bgogo trading platform during its tenure. In the event where multiple supernodes are competing to list the same cryptocurrency, Bgogo will respect the project team’s decision of which supernode they choose to nominate them. Thus, a total of 21 coins from supernodes should be listed during each quarter.
A fixed 20% of the commission generated over a lifetime from trading the cryptocurrency a supernode nominates, will be paid to the supernode.
A daily snapshot of all individual accounts on BGG platform will be taken at 00.00 (UTC +8). This will be utilized as criteria for supernode re-election. Based on the daily weighed calculation of BGG positions held in each account, a ranking of total BGG holdings in one quarter will be obtained. The top 21 accounts of that ranking who pass KYC verification will be eligible to obtain status in the following quarter. If a prospective supernode is ineligible or declines to undertake the status, the status will be granted to the next BGG holder in-line as determined by the ranking of that quarter.
All supernodes starting from the second generation are required to lock up their BGG balance during their tenure, excluding the first generation supernodes. Supernodes should perform due diligence and guarantee the authenticity, reliability, legitimacy of the cryptocurrencies they choose to list. If any violations are discovered after listing, Bgogo reserves the right to delist the cryptocurrency chosen by the supernode and disqualify the supernode.
This is a great and awesome project with good potentials.
https://t.me/BgogoBgogo
https://bgogo.com/