Bgogo, a digital exchange platform with supernode menus, designed to incorporate high-quality, promising digital assets, we will tell you everything about the platform, explain the project in an easy way, the team, its own icons, or not.
Project Name: Bgogo Exchange
Token: BGG
Website: https://bgogo.com
White Paper: https://bgogo.com/assets/white-paper/BGG-Token-Whitepaper-v1.8EN.pdf
Maximum: 17,000 Ethers, 15 thousand Ethers during the private sale, and two thousand Ether in the general sale, for 10% of the total number of decals.
Conversion rate: On sale 1 ETH = 66,666 BGG, and in the general sale 1 ETH = 69,999.3 BGG.
Maximum market price in ICO on a fully diluted basis: $ 51 million, based on the current price of ETH of $ 300.
Bonus structure: Whitelisters receive a 5% bonus on the special selling price, without a lock period.
Special Sale: Your sale was completed with 10,500 ETH, of 21 supernodes, and 4,500 ETH, of strategic investors.
Whitelist: The general sale of Bgogo will be a Genesis Mining event that will begin 24 hours before the opening of the official website. Only whitelisted users can participate.
Token ERC20: Yes (it will be converted to local codes when running mainnet).
Excluded Countries: TBA
Schedule: TBA
Token Distribution Date: TBA
What is Bgogo Exchange?
Bgogo, is an algorithm trading platform that identifies itself as the first stock exchange with superior listing authority.
The system currently has 45 pairs trading between different digital assets with Bitquin, Ethereal, and Tether, with a low manufacturing and purchasing fee at 0.1%. For a list of current trading pairs and fees, see: https://bgogo.com/fees.
Bgogo also uses transaction mining, a new feature used by a number of exchanges (eg, FCoin) where a portion of commission income is distributed to token holders. Bgogo claims to have a higher utilization rate where it uses a repurchase model where 100% commission income is used to repurchase BGG codes.
One of the distinctive features of Bgogo is its unique servers, which are elected on a quarterly basis based on 21 BGG tokens, and are reviewed by the Bgogo team which includes KYC reviews for all candidates.
Each supernode has a full estimate of the inclusion of a candidate for digital currency during the quarter; 20% of the transaction fee generated by the successful candidate will be returned to the supernode. Supernodes are required to secure BGG symbolic positions for at least a quarter during their term.
BGG tokens will be funded in particular by 21 Blockchain and VC companies as shown in the chart below, and as such they will serve as the first premium membrane in the platform.
Other key features:
Negative Transaction Fee: Users pay the trading fee to Bgogo Stock Exchange and are rewarded with 105% of the trading fee every 30 minutes as BGG codes. 50% of the total bonus offer will be used on BGG mining codes.
Daily token repurchase: Bgogo will use 100% of the accumulated trading fee to buy BGG tokens, which will be sent to a public burning address and permanently burned.
The chart below shows how Bgogo works for negative transaction charges and daily repurchase:
How advanced is the project?
Bgogo was founded in 2017, initially under the name bitgogo, and began exchange operations in April 2018. The exchange platform is already working with a number of popular trading pairs available.
Tokens used and valued
BGG token is the original Bgogo code and acts as evidence of a balance of the platform's trading infrastructure. It is used to stimulate various parties within Bgogo exchange:
Supernodes: As one of the top 21 holders of BGG tokens, superstars are entitled to certain advantages such as the right to vote for one candidate for the borrowers and will receive 20% of the transaction fees that the candidate achieves.
Users: Users are rewarded with BGG trading / mining codes. There will be a limited number of icons that can be emptied daily. At present, one account can be up to $ 1 million a day.
BGG value values should be valued in the following ways:
Increasing the volume of trading on the stock exchange will result in more returns from Bgogo. This will enable them to repurchase more coins that are subsequently burned, and the value of the remaining symbols will increase in value, and everything else will be equal.
With the increased popularity of the platform, the value will be increased to be supernode. Those who wish to become Bgogo supernode will be motivated to lock more BGG codes during their term.
Staff
Bgogo currently has at least 35 people in its team with previous experience in major companies such as Facebook, Microsoft, and Twitter. The biographies of the Bgogo team members are summarized below:
Maximilian Wang, Executive Director - Previously worked as a software engineer at Facebook where he founded the Encryption Guild in Facebook. Prior to that, he was a software engineer at PINT where he led the development of the MVC network library on the Internet. He holds a BS in Electrical and Automatic Engineering from the East China University of Science and Technology in 2012, and a Master of Science in Computer Science from the University of California, San Diego in 2014.
Nicolas Chen, chief technology officer - formerly a Facebook engineer who was responsible for maintaining the safety of the network on 2 billion sites on Facebook, Watasab and Instagram - was a regional hero at ACM International Programgift Programming, a global programming competition for students. Universities. He earned a bachelor's degree in Computer Science from Shanghai Jiaotong University.
Oscar Song, Operations Manager - Formerly Chief Operating Officer of Hubei, he was a founding member of the Gukebao team. He earned a Bachelor's degree in Finance from Renmin University in China.
Ciara Sun, formerly a consultant at the Boston Consulting Group for two years, has worked in various roles at Grant Thornton, China, Deloitte, Cummins, EY Trans America. She earned her BA in Accounting and Finance in 2013 and her MBA in Financial Analysis in 2016, both from Indiana University - Kelly Business School.
Opportunities
Supernodes are unlikely to sell their codes unless they plan to abandon supernode status in the next quarter. At the moment, most of the large trading funds are overflowing with liquidity, so we do not expect the current superstructure to look down BGG and give up its right to become supernatural.
Each supernode has one chance to insert digital currencies of their choice on the stock exchange. This power can be of great value if Bgogo is the highest measure.
Supernodes, 20% of transaction fees generated by Bgogo are rewarded for currencies that nominated supernodes. This provides incentives for the majority of supernodes to filter high quality coins.
The daily repurchase mechanism helps maintain demand for BGG codes.
Bgogo has a good mix of experience from the commercial and technical side, including the experience of operating another currency exchange.
Since there are no trading commissions for users, Bgogo can reap fast stability if liquidity is strong. This model can be sustainable in the long run as the team intends to ultimately generate profits by building a "laboratory B", which will use the Special Platform Fund to incubate and invest in projects for profit.
Interests
The mining process is controversial and there is currently no proven example over a long period of time. Using all repurchase transaction fees will result in another source of cash flow to maintain operations, although Bgogo now has a good budget. Profits from investments by B labs can be highly volatile.
There are several well-funded, recently-launched coded exchange exchanges, so the competition is fierce.
Compliance and regulation, something that can change dramatically overnight, is something that every exchange encounters. The mitigating factor is that Bgogo only engages in digital currency pairs versus digital currencies.
Because of the nature of the repurchase, the distinctive Bgogo symbols are probably security codes and are unlikely to be listed on other central exchanges.
conclusion
For volatility: S
Overhead contracts have paid a higher nominal price than the public, so there is no dumping pressure from big holders because of different pricing levels. This pricing strategy is unprecedented, and we believe it provides a great example of how to implement ICO pricing. If the project is good, the opportunity to allocate a larger bonus is already.
Half of the BGG tokens loaded by supernodes will be unlocked on the first day of the code list. However, we believe that the vast majority of funds are not in a hurry to liquefy BGG distinctive symbols, otherwise they risk losing supernode mode.
Therefore, we believe there will be a lot of selling pressure at first. In conjunction with the low initial symbolic supply and the cross-mining gateway, the BGG codes must function well outside the gate.
For a long term contract: a
BGG's long-term success depends on whether the exchange can generate a pull force beyond the initial noise period. Almost every value of the Bgogo platform to exchange the stock back to the BGG instead of the stock, so if Bgogo works well and becomes the highest exchange over time, BGG should work tokens well.
Given the strong background of the team and its commitment to the general community / smaller investors, we believe that Bgogo has a good chance of success.