a token with real utility
UID:1786478803
Telegram(EN): t.me/Bgogo
Most ‘utility’ tokens rely on a vague plan of how the ecosystem will grow and the tokens will suddenly have utility and value. BGOGO instead has a clear plan that delivers utility and real value.
Their plans combines: benefits for large token holders, compulsory lockups removing tokens from circulation, long vesting programs for the team and not to be forgotten a real circulating value for the token through daily, distributions and token burns. I’ve never seen a token so completely embedded into an ecosystem and designed to make all participants committed to its growth, both in the short term but also through a clear multi-year plan.
Trade Mining & Token Burns
5 billion (50%) of all tokens will be issued over the first 4 years starting at 20m tokens a day the first month, down to ~1m tokens in month 48.
Tokens equal to 105% of the commission paid will be reimbursed to traders, with builtin protections against large single account traders and coins are distributed within 30 minutes based on trading from the last hour.
Every 24 hours BGOGO will use the entire trading commissions it collects to purchase BGG off the market, and BURN them. Constantly creating demand and removing supply.
Think about this, you now have a trading pair in BGG that is assured of constant liquidity, with traders receiving small amounts against commission, many of which will just allow these small BGG amounts to accumulate, while BGOGO is creating constant demand for coins by buying them up off the market DAILY!
Supernodes
There are other many recent exchanges with Trade Mining but what they don’t have is probably the most brilliant approach to Supernodes seen in BGOGO. Supernodes are the REAL Secret Weapon. To start 21 strategic partners have contributed 250 ETH (33.3m tokens) each to be the initial Supernodes.
Every quarter (three months) the top 21 token holders on the exchange get the right to nominate a new coin and get a lifetime 20% share of all commissions for that coin.
Think about all the people who would want to own seats like this: VCs, advisors, pool operators really anyone who can leverage access to exchange listings for access to deals or simply an investor who is happy to get paid by projects to be listed. With exchange listing fees often running into the millions on established exchanges, image the eventual value of holding a Supernode seat. Even if you sell your tokens later, you keep getting this benefit for life, it’s a huge benefit to get yourself into one of those seats.
Since the Supernode owns a piece of volume forever its in their interest to make sure there is market makers and the like always creating and providing liquidity on the market ensuring that users of the ecosystem are always getting good trading volumes to trade against.
In the first quarter, 1.1 billion new tokens are being issued through trade mining, there will be whales, VCs, advisors buying up positions like crazy trying to get into the top 21. Go back up and look at that list of investors, you have some heavy hitters and they are going to spend what it takes to stay in a top 21 spot.
Last don’t forget the token burn is running in parallel which means you have the BGOGO team out there also buying tokens and removing supply constantly, while groups are trying to get up into a Supernode
Team / Project Tokens
Most of this article is about the ways that the team has built utility into the tokens from day one, but its important to know the team is clearly committed to the long term. They have built a financial model where really almost all of the value of the BGOGO platform accrues into the BGG token and thus made their tokens their main compensation.
Consider that even BNB only gets a portion of the commissions and NONE of the listing fees from new tokens, here you have an exchange backed by 21 strong partners day one with all trading commissions and indirectly through token demand for supernodes the benefit of listing fees as well. The BGOGO team will live and die on the success of the token and that’s what you want!
They have put in a 4-year vesting on their tokens with no tokens for the team in the first year. The project tokens for marketing etc vest alongside the Trade Mining meaning there is no tokens to ‘dump’.
In a time where teams are greedy and structures are bad, its refreshing to see a project doing it right and making sure they are totally aligned with the community.
Bring it together
A high volume exchange where traders get instantly paid for trading, the exchange is buying back and burning tokens on a daily basis, with a real significant reward for being a top 21 hodler through the power and share of the commissions on new coins that you get to add to the exchange. All of this backed by 21 institutional partners and a team that’s locked into the long term success of the coin along with the community.
This is a buy recommendation if there was ever one. Long live utility!
Telegram(EN): t.me/Bgogo
Telegram(CN): t.me/BgogoChinese
Facebook: facebook.com/BgogoExchange
Twitter: twitter.com/BgogoExchange
UID:1786478803