Bgogo exchange is issuing BGG tokens to participate in the trading ecosystem and will reward BGG to the traders via trade mining.
Rebate/Rewards:
In the initial stages, BGG tokens equivalent to 105% of the trading fee will be returned to the users 30 minutes after the trade and the % of rebate can be reduced over the time but won’t go below 100%.
Buyback:
Bgogo will also use 100% of the trading commission charged by the exchange to buy back BGG tokens every 24 hours and burn them.
Supernodes:
Bgogo team has sold 500 ETH worth of BGG to strategic investors in the private sale which will become the first generation of 21 super nodes in the eco system.
They will remain as super nodes for the first 90 days and will get the following 2 benefits,
"One Vote, One Listing" – Each super node can list a reputable digital asset (crypto currency) every quarter
"20% Per-Trade Commission" - 20% of the transaction fees in every trade will be given through the 90 days tenure
Re- election of Supernodes
A daily snapshot of accounts/wallets will be taken at 00:00 (UTC+8) for the first 90 days. The top 21 accounts will be ranked to become the next set of super nodes based on the daily weighted calculation of BGG held in each account.
Website: https://bgogo.com/.
Tgm : https://t.me/Bgogo
Whitepaper: https://bgogo.com/assets/white-paper/BGG-Token-Whitepaper-v1.7.2EN.pdf
Total Max supply: 10,000,000,000 BGG
Private sale - 1 BGG = 0.000015 ETH 1ETH = 66,666 BGG
10% sold in private sale for 15,000 ETH- 50% unlocked on day 1 and then 10% every month for 5 months
50% mined through trading in the exchange over a period of 4 years
20% held by team which unlocks at 25% at the end of each year for 4 years
20% Ecosystem tokens will be unlocked at the same rate of mining
Bgogo has a 35-member team spread across the US, Singapore and Hong Kong with senior management coming from companies like Facebook, Alibaba, Twitter and Microsoft.
CEO, Ms. Amber Cheung
CTO, Nicolas Chan
CMO, Maximilian Wong
COO, Oscar Song
CSO, Ciara Sun
