Review on Bgogo Token by LUIS RIVERO R
Bgogo is an exchange token with the same name, which offers benefits to users…
Bgogo is an exchange token with the same name, which offers benefits to users who have a certain number of tokens in their portfolio, and blocking it is possible to become a supernode that gives you more benefits since a significant amount of the exchange's profits are destined to pay more benefits to these. Also each supernode has the possibility to list the cryptocurrency that you prefer. however, there is a large number of newly launched exchanges that offer superior benefits to new users.
Updated 5 years ago
Rating changed from 3 to 4
At present it is almost impossible to become a super node, they should create shared participations. To actually have gains to keep in Hold is insignificant, since losses are generally obtained.
What makes it generate some stability is that a percentage of the profits from the exchange goes to burn tokens.
In general this project has many competitors and some extremely large, in order to survive it is necessary that Bgogo expands as an exchange.
Pros
- 50% of the total supply is addressed to users of the exchange as re-exchange for negotiation fees. The user can view the balance 30 minutes after the transactions. Multiple benefits for owning this token, such as becoming a supernode. Bgogo uses a certain capita to repurchase tokens and burn them. It has the support of an exchange.
Cons
- This exchange is small and the business model it offers with its tokens is considered a risk. Many exchanges offer this mechanism of mining and are more interesting in the benefits that are obtained.
