The next generation in crypto exchange has arrived with the launch of BGOGO.com. Nearly 10 years ago, in 2009, an expert in cryptography Satoshi Nakamoto created the Bitcoin network. This new network was a decentralized value transmission system with a market value of US$11.3 billion. Nakamoto’s one million Bitcoins continue in the Genesis Block.
Half a decade later, 19-year-old Vitalik Buterin dropped out of university after the release of his Ethereum (ETH) white paper, this opened a new era that allowed anyone to issue their own digital cryptocurrency. With Buterin’s work, ERC20 tokens started to bloom and the market value of ETH reached US$4.7 billion.
Now, in 2018, the digital cryptocurrency exchange Binance, with almost 12 months’ history, set a 3rd quarter net income with more than US$1,500million. Another 2018 development was the launch of an exchange using the “vote for your coin” function. With this exchange, the industry champion, Huobi Hadax coin cost more than US$7 million. These developments set the blockchain industry on a path that Nakamoto did not foresee, a path that left general users feeling confused, disappointed, and resentful.
Where once exchanges centered around quality projects and the common user, latest developments have proven to be reapers of the cryptocurrency industry, draining industry growth through manipulation and bribery.
A new and revolutionary platform has arrived to combat the recent obstacles in the industry. Bgogo is an exchange platform designed to take the absolute rights of exchanges back to communities. Bgogo partners with the most influential organizations and individuals in the global market to list only the top-quality coins on the platform. The partners on this exchange stake their reputations on the value of the coins. In addition to the guaranteed value of the coins, the partners agree to return 20% of the transaction fees to be divided among users. The more users trade, the more transaction fees they can earn.
Bgogo will appoint 21 organizations and individuals as “supernodes”. The organizations will operate under a self-governing mode, returning control to the community. Bgogo removes the “one man one vote” system that opened exchanges up to bribery to push coins to the top. The supernodes are organizations with important resources in the blockchain industry who are incubating and supporting top quality projects. They have the professional capacity to identify potential profitability and stability in new projects with their reputation and profits at stake. With research and marketing at the heart of these quality projects, the flow of the blockchain industry will be fresh, positive, and sustainable.
Pantera Capital, the largest digital cryptocurrency capital fund, is among the 21 supernodes. Pantera recognized the value and potential of the Bgogo platform early on and recently committed to a strategic investment agreement. Together, the two companies are committed to promoting in-depth cooperation between China and the United States in technology and application of blockchain industry.
In addition to Pantera Capital, BGOGO has confirmed the following supernodes:
• Michael Arrington (Founder of TechCrunch)
• BlockWater (Korean digital cryptocurrency capital fund)
• Node Capital
• PreAngel Fund
• Genesis Capital
• 500 Startups (U.S. incubator)
• 田甲 (Digital cryptocurrency investor)
• Utopia Capital (Israeli digital cryptocurrency)
The BGOGO team led by Maximilian Wang, a former software engineer at Facebook and founder of Facebook’s crypto syndicate. Wang holds a Master’s degree in Computer Science from UCSD with a focus on machine learning and neural networks. He is also a senior blockchain researcher, influencer and advisor. He consulted on several popular blockchain projects in Silicon Valley such as QuarkChain.
Max reaffirms Bgogo’s dedication to reshape the crypto exchange ecosystem with an optimized structure and only the best blockchain projects. “We are looking forward to improve and promote compliance, fairness, openness, and transparency,” Max explained.
“In the future, BGOGO will not only be the leading crypto assets trading platform, but will also be the leader in token economy," he added. Max and his team believe that the token economy and blockchain will revolutionize the way to deliver value and will redefine producer, consumer, owner, and user.
Max’s team consists of experts with experience from industry giants such as Facebook, Twitter, Microsoft, IBM, and Alibaba. Core team members have been recipients of the ACM Computer World Championship on multiple occasions.