Bgogo Exchange Review

Bgogo is a cryptocurrency exchange that stands apart from other crypto exchanges by being the first to offer supernode listing authority. This helps to ensure that only digital assets of the highest quality get listed. A Bgogo exchange review reveals that this is accomplished by providing each supernode with the privilege of “one vote, one listing”, a privilege that must be used wisely because a supernode receives commission over a lifetime for a cryptocurrency or digital asset nominated by it.

A Bgogo exchange review also reveals that this crypto-asset platform serves the crypto space via no less than 34 active markets and various cryptocurrency pairs. It also seems to have its own token BGG that serves as proof of stack (PoS) in terms of the trading infrastructure. One of the primary purposes of this utility token is to serve as a trade reward for active users. This is done through what is called transaction or trade mining, an activity where users mine native token by placing trades. This kind of activity is controversial as it encourages wash trading that is a form of market manipulation.
Bgogo seems to be registered in the Cayman Islands as crypto-asset platform aiming to be a community-driven platform for and by the community.

Operations have started and continued with a limited number of BGG tokens, 10 billion. The first billion was sold in the private sale, with other 40% being unlocked immediately, while the remaining half had been released equally over 5 months.
At the moment, all BGG tokens have been unlocked but the way in which Bgogo Exchanges operates ingeniously is that they perform daily buy-back and burn by using 100% of the fees they generate through customer trading. The main consequence of this decision is that there is always a constant demand for the token.

The team behind this exchange aims at providing users with low-cost trading experience. The current CEO is Maximilian Wang, who is a former software engineer at Facebook, and also one of the former founders of Facebook’s crypto syndicate, while he also helped in developing other blockchain projects in Silicon Valley. The core team consists of more than 30 members with backgrounds in various profitable firms such as Facebook, Microsoft, Alibaba, Twitter, and Boston Consulting Group.