BGOGO CEO Max Wang has an EXCLUSIVE interview with BlockchainBrad (BCB). But what is the Bgogo exchange all about? $BGG is the first digital asset exchange featuring a supernode listing authority and a buyback/burn model. BGOGO also claims to plan listings of only high-quality and promising digital assets. So what’s the big deal? Bgogo aspires to be the cryptocurrency exchange of the community, by the community, for the community. Time to explore!
What are Supernodes?
Bgogo supernodes are re-elected based on the top 21 accounts in BGG holding position on a quarterly basis, subject to vetting from the Bgogo team. Supernodes are entitled to “One Vote, One Listing” and “20% Per-Trade Commission” benefits (please refer to BGG token for details).
For more information:
https://bgogo.com/
source
Notes from the CEO: This is the dividend model what you're describing (used by most other new exchanges). What's happening is that the team gets distributed the most ETH/BTC since they're the biggest token holders. The ETH/BTC the dividend model gives away does not generate any real trading traffic, what's happening at the end is, cash flow (trading fee) is less than the amount of tokens out there, and no enough new investors can sustain payments to the early investors, and at the end the token value keeps dropping.
What buyback model is turning revenue into token buy pressure, this acts basically like what a stock is. In a dividend model, one would sell BGG once they get the dividend in fear of BGG price drop, but one would more likely to hold in a buyback model if it acts like a stock share.
Don't invest until this latest calamity in regards to failed ieo's,website unchanged for weeks,bots taking over trading,customer support failing badly(some investors waiting weeks for a reply),no announcements or updates recently and unruly telegram chat because the lack of admin.team bgogo are failing at many lvl's.
BGG 10$
2022
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so great interview ! tks ! bgogo to the moon!
Awesome. Transparent, Articulate, Community Driven, Deep
Really awesome news CEO and awesome Videos #BGG
wow the exchange has been ran for months now
what does she mean by $200,000,000 dollars in the bank in cash when they are also raising money via an ICO?