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Bgogo Token Review

2

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Average

Revainrating 3.5 out of 5  
Rating 
3.5
Crypto Projects, ERC20

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Description of Bgogo Token

BitcoinX (BCX) is trying to build the ideal Bitcoin system for the future and release the full potential of Bitcoin network.

Reviews

Global ratings 2
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  • 4
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  • 3
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  • 2
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  • 1
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Type of review

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.

Revainrating 4 out of 5

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.

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.