Memeful Review of the BGOGO Trading Platform ICO!

chaosandorder (25)in #bgogo • 6 years ago (edited)

WHAT MAKES THIS ICO DIFFERENT
Bgogo is a Proof of Stake/Proof of Work decentralised exchange. You receive bgogo tokens for trading on their platform. This way, even in a bear market, you can make money just by trading. For example, let's say you make a loss from your trade, you still get paid just for the purpose of using their platform to trade. 50% of all the total BBG coins will be rewarded to miners. You will receive your trading fee return every 30 minutes so you don’t have to wait for a year or a month to see a return, you get them instantly! How this happens is every 24 hours, bgogo will buy back their tokens depending on how much has been traded The buy back tokens will be sent to burn in a public adress.

HOW TO STOP MALICIOUS TRADING
You might think this is not good for supply increase but they have set a limit on the amount of tokens mineable each day to stop malicious trading. This proves the team has thought through everything to avoid worst case scenarios!

SUPERNODE HOLDERS & INVESTORS
Supernode holders can list cryptocurrencies. This is great because you can expect a coin to be listed there if one of their supernode holders invest in an ICO. Supernode holders are these big VC firms like:

Pantera
DHVC
Node Capital
Blackwater Capital
8 Decimal
Arrington XRP Capital
Hashed
Genesis
Dfund......there is so many!

WHY THESE VC FIRMS ARE IMPORTANT
These VC firms are the best ones around for cryptocurrency investing. I follow most of these VC firms to see which coins they have invested in and follow their investment. Most of them have been profitable and I think Bgogo is no exception. These massive VC firms will not invest in any project unless they see a reason for it.
Here is a longer list. They will keep adding more.

SIMILAR PROJECTS DID 100x and more
What is also great about this project is, some of these investors also invested in Fcoin which did 100x. The mine to trade model is doing great because Fcoin had the same market model. Even in this bear market, FCoin is still doing great. Another similar one is CoinPark and Bitmax. All these exchanges have the same model and they will all do great because their investors work the same way and support them.

THEY FAVOUR THE CROWDSALE - COMMUNITY-DRIVEN!
Another great thing about this project is it favours the crowdsale! It gives crowdsale the cheapest price available for their tokens! This shows their sensitivity towards their crowdsale investors and we can expect something great from them in terms of price appreciation because this shows they care about their crowdsale investors as much as they do for their presale investors.

Their website also says "The Cryptocurrency Exchange Of the Community, BY the Community, FOR the Community" which proves what I just said about them being community-driven. This is proven even in their ICO model since they will make it cheaper for crowdsale.

TEAM TOKENS LOCKED FOR 4 YEARS!
Team tokens are locked for 4 years! 90% of other ICOs only lock their tokens for 1-2 years. In comparison, this shows how the team is not thinking of dumping their tokens on exchanges as soon as possible. It shows their integrity and desire to work for the project!

STAKING MODEL FOR MORE SCALABILITY
The staking model makes it more scalable. Even Ethereum will add a staking model to make their blockchain more scalable so this is a great model for more scalability and high tps. Combined with Proof of Work, you can also profit from using their exchange by trading on their platform and gain by mining. This is a two-in-one model.

Token Metrics