1. Programme Name
2. Project Introduction
BGG is the platform token issued by Bgogo exchange to participate in the BGG trading ecosystem.
There is a total fixed number of 10,000,000,000 BGG that will ever be created.
BGG Token Distribution：
50% (5 billion) will be mineable by users through trading
20% (2 billion) will be reserved for ecosystem developments and Bgogo
20% (2 billion) will be reserved for the team
10% (1 billion) will be allocated among the first generation of supernodes
and strategic investors.
10% of the total supply (1 billion BGG tokens) will be sold for 15,000 ETH to the founding generation of supernodes as well as strategic partners during the private sale. The private sale price is 1 BGG = 0.000015 ETH. Each supernode is granted an allocation of 500 ETH, totaling 10,500 ETH for all 21 supernodes. The rest 4,500 ETH is raised from strategic investors as well as ecosystem partners.
50% of the total BGG token supply is reserved for mining through trading over a period of 4 years. There is a daily cap for tokens available for mining. The 20% reserved for ecosystem developments and Bgogo daily operations will be unlocked at the same rate of mining. Team distribution will be vested over 4 years, with 25% at the end of each year.
On the first day, the founding generation of supernodes and strategic investors will unlock 50% of their BGG tokens (500 million), totaling 7,500 ETH (approx. $3.45 million not considering appreciation). This provides a baseline of liquidity in circulation. The rest 50% will be unlocked over a period of 5 months, with 10% at the end of each month. For each supernode, 250 ETH (approx. $117,000) worth of BGG tokens (16.67 million) are unlocked during the first day of token listing.
Meanwhile, Bgogo will update and post BGG token holding positions of all supernodes on the website. This is an unprecedented case where an exchange makes public its top token holders as well as their positions. This means that any change in supernode positions will be seen by all platform users.
3. Useful Links