![thumbnail bgogo.jpg](https://cdn.steemitimages.com/DQmc2K4NCf9SA5HaKUN9zq4ynuXFhgB6LK3qcPdffTJLEys/thumbnail%20bgogo.jpg) ---

Let me tell you the Bgogo story!

Bgogo is the first digital asset exchange with supernode listing authority, designed to list the most high quality and promising digital assets. Bgogo founders include members from leading Internet companies such as Facebook, Twitter, IBM, Alibaba, etc. The core engineering team consists of several world champions of the ACM International Collegiate Programming Contest. Bgogo has recently completed a total of $10 million in Pre-A and A round fundraising. Investors include well-known venture capitals such as Node Capital, Sky9 Capital, Goopal Digital, and Hike Capital. Mine BGG tokens whenever you trade on the Bgogo Exchange and earn a 105% trading fee rebate. Bgogo performs a daily buyback of BGG tokens. The transaction fee of coins/tokens will be 0.10%. It will have no FIAT support, similar to Binance and Fcoin. --- ![meme.jpg](https://cdn.steemitimages.com/DQmYDGixMJGdms3R4cK7zzRCfZxPj8fVNkXbpFTCoVwRbvN/meme.jpg) ---

What is BGG ?

BGG is the platform token issued by the Bgogo Exchange in order to participate in the BGG trading ecosystem.

1. BGG Token Metrics :

Total Supply will be 10 billion tokens. This a fixed number and no more coins will be created after achieving this number. ![supernodesinfo.png](https://cdn.steemitimages.com/DQmUrFJATbnVqUdHF1gUd8ncpDT8Lag3WqWJFQ8PsE9BgXY/supernodesinfo.png) **Private sale :** 1 BGG = 0.000015 ETH 10% (1 billion BGG tokens ) will be sold for 15,000 ETH (hard cap) ~ 6.7 million $ : * 10,500 ETH : 21 supernodes (see supernodes section) * 4,500 ETH : strategic investors & partners
**Token unlock :** * 50% will be mineable; unlocked via trans-mining. * 20% will be reserved for Bgogo’s daily operations and to support the ecosystem (unlocked at the same rate as the trans-mining tokens). * 20% is allocated for the team & is vested over 4 years (25% per year) * 10% is reserved for the supernodes (50% unlocked/50% vested for 5 months)

2. BGG Token Buyback

Every 24 hours, Bgogo will use 100% of the tradin commisions accumulated to repurchase BGG **Negative trading fees** 50% of the total platform BGG tokens will be used to reward users, where users will be getting trading fees back in the equal ammount of BGG. Users will receive 105% high frequency trading fee return every 30 minutes as a reward. ![negative trading fees.png](https://cdn.steemitimages.com/DQmaBY3JZEWxrvuBbBcEY8vhxnDZ8wyueKjT33s3zPLEc7u/negative%20trading%20fees.png) ----

Supernodes and Investors

The BGG supernodes are actually the investors. They will determine the token's market cap. The first super nodes will be comprised of 21 investors. Each super node invested 500 ETH. BGG tokens are privately funded by 21 top-tier blockchain organizations around the world. They will take up to the post of the first super nodes. ![supernodes.png](https://cdn.steemitimages.com/DQmcu2po62MS3Sjej122jC77qatphcFFk7LX2t9FXbc2uXr/supernodes.png) ![supernodessss 21.png](https://cdn.steemitimages.com/DQmaousiVQoitAZEsMvsbvNg3yQzyiNb6TfxGZJtVeLzhok/supernodessss%2021.png)
**The right of the Supernode :** 1. The tenure of each supernode is one quarter. Within this 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). 2. Commissions : 20% of the transaction fees generated by the succesful candidate will return to the supernode during the candidate's listing period. ---

Comparing Bgogo with other exchanges

Bgogo is improving the Fcoin exchange model by offering incentives besides divident payouts. They do this by burning BGG tokens and giving everyone a chance to become a supernode. Fcoin was the first to bring the new system called trans-mining to compete with Binance. As we know every exchange wants to compete with the likes of Binance, Huobi, etc.. This system brings a massive ammount of volume. Fcoin had and has a large volume. The problem was that their system caused high inflation and the price of FT (Fcoin token) went down. Bgogo improved that system, like I said earlier, and we could see increases, followed by small corrections of the price. There are other fairly new exchanges that use trans-mining now like : CoinSuper, CoinEx, CoinPark . What makes Bgogo a strong competitor with a better system, is that they are burning the coins, thus offering incitives besides the dividents payout. Besides that they will incubate projects like Binance is planning to do. We also have to keep in mind that 20% of the tokens for the team are vested for 4 years and the top 21 holders, known as supernodes, have their tokens locked during their tenure. You can find more about that in their whitepaper, which I linked at the end of ther article. ---

The Bgogo Team

Bgogo is lead by, Amber Cheung, a veteran asset manager and investment banker with vast experience in security and commodity trading. The CTO, Nicolas Chan, is a security expert that was responsible for safeguarding 2 billion accounts. His jurisdiction extended across Facebook, Whatsapp, and Instagram. The CMO, Maximillian Wang worked as an engineer for Facebook (forming a crypto syndicate there) and acted as an advisor/investor to several blockchain projects including Quarkchain (It is surprising to see a technical CMO, we are curious to see how it pans out). The team member with the most hype is Oscar Song. Oscar is a former chief of Huobi, a top world renown exchange. Lastly, we have Ciara Sun, a previous consultant from BCG and Deloitte intern with a speciality in finance; She has worked with funds that managed billions of dollars. ---

Other key features and my toughts regarding the project

* 21 richest accounts will have their tokens locked * The supernodes decide which coins are listed * 100% of fees are used to burn the BGG token * The team has their tokens locked for 4 years Based on this Bgogo exchange does not make any money from fees and does not decide which coins get listed. So how do they profit from their product ? The exchange is just a vehicle to build their ecosystem. They aim to profit through through their company named Blabs and a "decentralized VC firm". Bgogo plans to incubate Initial Coin Offerings (ICO's) and help them grow from the beginning. *The important part is that* BGG holders will get a pre-sale allocation for all projects incubated by Blabs based on their holdings. Based on this, I think it will do very well and BGG holders have a great chance on making even more profit by participating in the pre-sales of the incubated projects. My estimation is that price wise it will do very well in the beginning, followed by a correction. Once the exchange develops further we will see a steady price increase. One risk could be that the team doesn't have much experience in building trading platforms, but their CTO is a security expert, which at this point is the primary concern for the exchanges, being that regulation is knocking on the door. ---

How to obtain BGG?

1. Mining: trading on BGG is considered as mining, i.e. 105% trading fee return. 2. Purchasing: users can obtain BGG by exchanging. **For other key features I suggest watching the Token Tank video. Token tank is a united group of independent youtube influencers with a fairly good ammount of subscribers. You can find the video here :** https://www.youtube.com/watch?v=8gETyS-dJ30&t=842s ---

Bgogo useful links

* [Website](https://bgogo.com) * [Telegram](https://t.me/Bgogo) * [Telegram Chinese](https://t.me/BgogoChinese) * [Whitepaper](https://bgogo.com/assets/white-paper/BGG-Token-Whitepaper-v1.7.3EN.pdf) * [Reddit](https://www.reddit.com/r/Bgogo/) * [Twitter](https://twitter.com/BgogoExchange)

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