Summary
Official site : https://bgogo.com
Telegram(EN): https://t.me/Bgogo
Telegram(CN): https://t.me/BgogoChinese
Facebook：http://www.facebook.com/BgogoExchange
Twitter：https://twitter.com/BgogoExchange
Reddit : https://www.reddit.com/r/Bgogo/
White paper: https://bgogo.com/assets/white-paper/BGG-Token-Whitepaper-v1.7.1EN.pdf
Hard cap: 6,700,000
Total Tokens: 10,000,000,000
Conversion rate: 1 BGG = 0.0067 USD (0.00001500 ETH)
Private sale / white list: https://bgogo.com/announcement?link=mining
What is BGG?
BGG is the token issued by Bgogo platform which is the proof of stake for the trading infrastructure. The upper limit amount of BGG is 10 billion without additional public offering. BGG will reward active users with trade mining. Also, under the exclusive “self-governance” mode, each supernode has the full discretion to list one cryptocurrency.
Negative trading fees
50% of total platform token BGG will be used to reward users where users will get trading fees back in the equal amount of BGG. Users will receive 105% high-frequency trading fee return every 30 minutes as a reward.
BGG Token Buyback
Every 24 hours, Bgogo will use 100% of the trading commision accumulated to repurchase BGG. The buyback tokens will be sent to a burn address made public.
What is Bgogo supernode?
BGG token are privately funded by 21 top-tier blockchain organizations around the world. They will take up to the post of the first super nodes.
The rights of supernodes
The tenure of each supernode is one quarter. Within the period, each supernode is entitled to “one vote to list”, in other words, the full discretion to list one candidate in a global context. Supernodes must lock the positions of BGG within the tenure (90 days).
“Commissions”. 20% of the transaction fees generated by the successful candidate will return to the supernode during the candidate’s listing period.
BGG Token Distribution
There is a total fixed number of 10,000,000,000 BGG that will ever be created.
BGG Token Distribution
50% (5 billion) will be mineable by users through trading
20% (2 billion) will be reserved for ecosystem developments and Bgogo
daily operations
20% (2 billion) will be reserved for the team
10% (1 billion) will be allocated among the first generation of supernodes
and strategic investors.
Token Unlock
50% of the total BGG token supply is reserved for mining through trading over a period of 4 years. There is a daily cap for tokens available for mining. The 20% reserved for ecosystem developments and Bgogo daily operations will be unlocked at the same rate of mining. Team unlock will be vested over 4 years, with 25% at the end of each year. On the first day, the founding generation of supernodes and strategic investors will unlock 50% of their BGG tokens (500 million), totalling 7,500 ETH (approx. $3.45 million not considering appreciation). This provides a baseline of liquidity in circulation. The rest 50% will be unlocked over a period of 5 months, with 10% at the end of each month. For each individual supernodes, 250 ETH (approx. $117,000) worth of BGG tokens (16.67 million) are unlocked during the first day of token listing.
Team Members
Bgogo’s core team consists of 35 members with backgrounds in Facebook,
Microsoft, Alibaba, Twitter and Boston Consulting Group in various locations
such as Silicon Valley, Hong Kong and Singapore.
CEO, Ms. Amber Cheung
Ms. Amber Cheung has more than 12 years of professional experience in a variety of specializations. These specializations include asset management, private equity investment and, listing company and respective investment management. She has worked in several acclaimed financial institutions and, public companies, holding senior management roles. Amber holds an MBA degree from both NYU Stern Business School and Hong Kong University of Science and Technology
CTO, Nicolas Chan
Nicolas Chan, formerly worked in Facebook’s US headquarters and, was responsible for maintaining the network security of 2 billion Facebook, WhatsApp, and Instagram users. He has won the ACM-ICPC International College Student Programming Competition Regional Champion. Nicolas holds a bachelor’s degree in computer science from Shanghai Jiaotong University.
Conclude:
In my opinion a very promising project, read the white paper convinced the presence of the specific plan and the presence of a professional team.
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