On August 8th, BuzzBgogo content section was officially launched on Bgogo.
The launch of the content section marks that Bgogo platform starts to meet dual needs of information and trading.
In the future, BuzzBgogo will complete the construction of payment modules using BGG to watch non-free content from influencers and KOL. All the revenues, including paid information income, 100% will be used to buy back BGG and burn. It is expected that the repurchase of BGG will increase after the information payment module is launched.
Lately, Bgogo's order-book depth has been greatly improved, and the order-book depths of mainstream coins such as BTC, ETH, XRP, LTC, and BCH have been thoroughly strengthened.
For more details:
In light of our respect for the voice of the community, We start the proposal vote on canceling trade mining and burning remaining 2 billions of mining BGG tokens.
Once the proposal gets approved, the BGG platform tokens will enter the era of deflation. Trading rewards will stop generating new BGG mining tokens, Bgogo platform will keep repurchase and burn bgg tokens on a monthly basis.
Note that Bgogo will continue to repurchase the BGG platform currency with 100% of the platform's incomes (including trading fees, listing fees, and paid content information).
Of the remaining 5 billion BGG platform tokens, 2 billion belong to the team (4 year lockup), 2 billion belong to the ecosystem (4 year lockup), and about 1 billion are in the market circulation. If the vote is approved, the BGG circulation will be reduced greatly in a short period of time due to constant repurchase and token burn.
For more details:Click here to see
In order to promote the upcoming ambassador program, this week we announced a strategic partnership with 27 top communities. They will work closely with Bgogo to launch the BGG Ambassador Program and focus on user growth.
The first ambassador program will begin in a few days, and the entire ambassador's system is fully automated and is currently under the final tests
There are a few more points on our ambassador plan I would like to elaborate:
- Total 50 Classes of Ambassadors will be constantly launched for 2 years. NOW it is the FIRST CLASS of AMBASSADORS. It just begins. We will have a second, third and fourth class coming very soon.
- The first class of ambassador will be launched with a hard cap of 80,000,000 BGG tokens. All 80 million BGG tokens will be locked up for at least 6 months.
- hold and lock a position above 200,000 BGG for 6/9/12 months will be qualified to be our ambassador and will be eligible to enjoy the staking annualized reward up to 14 %. The ambassador will receive an exclusive referral code, and enjoy up to two layered 16% referral reward. 11% of first-layer referral user lockup BGG amount and 5% of second-layer referral user lockup BGG amount can be rewarded directly to their Ambassador.