Bgogo team worked day and night during the past two weeks. We have achieved the following milestones:
On August 1st, we reached a cooperation agreement with 30+ well-known communities all over the world.
On August 2nd, Bgogo's official website and APP went through a significant upgrade, and the order book depth and liquidity of the mainstream tokens were greatly enhanced.
On August 3rd, we’ve launched a community promotion campaign and conducted AMA in 100+ global communities for a week.
On August 6, strategic cooperation was reached with the Bipaopao(200,000 daily active users). The landing page of Bipaopao was displayed as Bgogo Logo.
On August 8, BuzzBgogo was officially launched, creating the "Tiktok+ Bloomberg". In the near future, paid content will be launched and will increase Bgogo platform income.
On August 8, the vote to cancel the trade mining was launched. As the voting option 1, more than 2.3 billion BGG tokens will be burnt once.
On August 11, the first class of Bgogo Ambassador was officially launched, and more than 80 million BGG tokens were locked in just two hours.
On August 12, the Apollo Launchpad project TXT was announced. TXT is the token issued by TrustDice.win, which is the world top 3rd blockchain gaming platform.
On August 14, the second class of Bgogo Ambassador was officially launched, more than 30 million BGG tokens were locked in half an hour.
On August 16, the third class of Ambassador was officially launched, more than 15 million BGG tokens were locked in half an hour.
On August 19, the results of the voting to cancel the trade mining were released, and more than 2.3 billion BGG tokens will be burnt. BGG tokens will be deflated from now on. 100% platform income will continuously be used for repurchasing and burning BGG.
On August 20, the Apollo Launchpad project TXT subscription rules and schedule were announced.
On August 22nd, 2019 (tomorrow), Bgogo will completely burn the BGG tokens of the trade mining part according to the voting result, sending more than 2.3 billion BGG Tokens to zero address at once.
- BGG will move forward to a deflationary era, and there will not be new BGG produced by mining. The Bgogo platform will keep repurchasing and burn BGG monthly with 100% income.
- BGG currently has a market circulation of about 1 billion tokens. As the price at this moment, the total market capitalization is less than $3 million. The market value of less than $3 million also includes all the Supernodes and institutions. Most of them supported us for a long time and also have been our long-term value investors. A large percentage of them choose to lock further to be our Supernodes.
For sure, there are also a few institutional investors that have recently chosen to quit. However, please notice that several new institutions have joined in and become our Ambassadors.
Institutional investors currently occupy around half of the BGG positions and are always important to Bgogo platform. We are committed to bringing more institutional investors who are optimistic about the long-term value of Bgogo.
We have noticed that this round of bumping and dumping has little to do with the increasing or reducing in the holding of institutions. Overbuy and oversell by individual investors have mainly caused recent huge price fluctuations.
In a short period, the market price of BGG has experienced a sharp rise and fall since August 1st. We analyzed the reasons. Since the actual market circulation of BGG token is too small; also sell and buy orders are scattered, the BGG market price is easy to fluctuate. We see the huge price movements bring negative emotions to the community. To this end, the Bgogo team will adopt a new mechanism and program to stabilize the secondary market and stabilize the BGG token price. We strive to put in use the new mechanism as soon as possible and deliver the results.
Our Ambassador plan will be carried out firmly.
The fourth ambassador plan will be launched as planned next week. The first three classes (including last Friday) performed very well. Later on, we try our best to reduce the emotional fluctuations caused by the fluctuation of BGG price to the ambassador, firmly carry out the ambassador plan, complete the training of the ambassador, and strengthen the Bgogo ambassador team. For the first three ambassadors, please don't be too affected by short-term price fluctuations. Our team will follow the plan, step by step, and finally deliver the value of the platform. Please join hands with the team to bring the value of the Bgogo platform from the current $3 million to $30 million, $300 million, $3 billion...
We believe that we can make it!
On August 23, we will re-launch the long-lost Apollo Launchpad trading event — TXT. We will use TXT to reveal our listing ability. The TXT token is from TrustDice.win and is world top 3rd blockchain gaming token with real application scenarios. A large number of TXT users already registered on the Bgogo and become our new users. All ambassadors and BGGHP holders, who are participating in the TXT Apollo registration, please pay attention to this Friday's trading event! This token is a new start for Bgogo Apollo. There will be various types of projects landing on Bgogo one by one. After all, we are a trading platform with hundreds of thousands of deposit users, and we are also a large community and traffic center!
We will bring a variety of benefits to all Bgogo Ambassadors and BGGHP holders.
At last, I want to talk about the BuzzBgogo paid content that we have carefully planned. BuzzBgogo's paid content will offer blockchain and token KOLs a video platform to introduce their analysis of certain tokens or judgment. We will rank them according to their prediction record and accuracy level of their analysis, and let users pay for their video content. All the paid content income will be used for buying back and burning BGG. For the platform we have dedicated to, we believe our future accumulated income will easily go beyond $3 million, which is the current circulation marketcap of BGG tokens.
Paid content spoiler alter, please ask the admin :)
Please wait and see, we will develop Bgogo step by step. We are confident to present you with the true value of our platform. Thank you!
August 21, 2019,