Exchanges & Wallets
Bgogo is a digital asset platform with supernode self-governance. 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.
Bgogo supernodes are re-elected based on the top 21 accounts in BGG holding position on a quarterly basis, subject to vetting from the Bgogo team. Supernodes are entitled to "One Vote, One Listing" and "20% Per-Trade Commission" benefits.
A fixed 20% of the commission generated over a lifetime from trading the cryptocurrency a supernode nominates will be paid to the supernode.
Mineable BGG tokens (50% of total supply) will be reserved for users in the form of high-frequency trading fee rebates, commonly known as mining through trading. A number of BGG tokens equivalent to 105% of the trading fee will be rebated to the user in only 30 minutes after the trade. Bgogo reserves the right to adjust the rebate rate as they grow, but promiseы to maintain a minimum rebate of 100%. The price of BGG will be determined by the market price at the time when a trade is finalized.
To avoid malicious manufactured trading, the number of BGG tokens mineable will not exceed the daily cap. Any trades after the daily cap is reached are not eligible for fee rebates.
Every 24 hours, Bgogo will use 100% of the trading commissions accumulated to repurchase BGG. The buyback tokens will be sent to a burn address made public.
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