Bgogo price is $0.00050035
The current price of Bgogo (BGG) is $ 0.00050035. In the last 24 hours, its value has increased by +0.00%. Please note that crypto prices are highly volatile and can change rapidly.
Bgogo (BGG) is a native cryptocurrency token linked to the Bgogo platform. BGG token serves as a proof of stake for the trading infrastructure on the platform. The token has a maximum supply limit of 10 billion units, and it's worth noting that no additional public offerings have been planned. Bgogo platform rewards its active users with BGG tokens for executing trades, a process also known as "trade mining".
Under the unique model BGG terms as "self-governance", each 'supernode' is granted the discretion to list one cryptocurrency on the platform. A supernode, in BGG's ecosystem, is not a technical term but implies an influencer or entity that has significant impact or influence within the crypto community. This model is unique to Bgogo and it effectively decentralizes decision-making in terms of cryptocurrency listings on their platform.
There are primarily two methods of earning BGG tokens:
Mining: In the context of the Bgogo platform, trading can be considered as mining. Users are rewarded with BGG tokens equivalent to 105% of their trading fees every 30 minutes.
Purchasing: Users can also acquire BGG tokens by exchanging them for other cryptocurrencies.
Yes, Bgogo has a concept of negative trading fees. The platform returns to users their trading fees in an equivalent amount of BGG tokens, which essentially entails a -5% trading fee. More than 50% of the total supply of BGG tokens are specifically allocated for this reward process.
The Bgogo platform conducts a token buyback every 24 hours. The platform allocates 100% of the trading commission accumulated within the day for this buyback. After purchase, these buyback tokens are sent to a publicly disclosed address where they are permanently 'burned'. This burning process effectively reduces the circulating supply of BGG tokens, which can potentially increase the value of remaining tokens.
Bgogo (BGG) currently ranks #2331 in terms of market capitalization, which amounts to $ 0.5M. There are 988.1M BGG tokens in circulation right now, out of a total supply of 10.0B tokens.
Bgogo (BGG) can be purchased on the following exchanges: Bit-Z, ZBG, HitBTC. Keep in mind that the availability of BGG might vary from one exchange to another, and it's crucial to secure your tokens in a safe wallet to avoid potential risks.
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