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Bangladesh
1 Level
1075 Review
2891.25 Karma

Review on Bgogo Token by Robiul Islam

Revainrating 3 out of 5

The cryptocurrency exchange of the community.

Whether they will be able to maintain their community-driven policies and fair commission sharing models in the future remains to be seen, but various top-level investors undoubtedly play a role in Bogogo's legitimacy.

Overall, the project looks good in the short term due to the low circulation supply and the listing, so many details about the project are unavailable because of uncertainty about the long term business model. It may be worth taking a small amount of risk.



Pros
  • This is a hazardous exchange despite the excellent things like trans-fee mining, supernods and a daily buyback program. This is a very risky trading model and only those traders who understand the risks associated with this model should trade this exchange because your investments can multiply 100x or you may face significant losses.
Cons
  • The general concern to me is that the exchange will have to look for other sources of cash flow to maintain their operations as a result of using all transaction fees for buybacks.
  • There is no exchange list other than their own exchange.