qualifacto Steem Profile | Ecosynthesizer

@qualifacto

steemit.com/@qualifacto

VOTING POWER100.00%

DOWNVOTE POWER100.00%

RESOURCE CREDITS100.00%

REPUTATION PROGRESS0.00%

Net Worth

0.342USD

STEEM

2.159STEEM

SBD

0.000SBD

Own SP

3.739SP

Detailed Balance

STEEM
balance	2.159STEEM	STEEM
market_balance	0.000STEEM	STEEM
savings_balance	0.000STEEM	STEEM
reward_steem_balance	0.000STEEM	STEEM
STEEM POWER
Own SP	3.739SP	SP
Delegated Out	0.000SP	SP
Delegation In	0.000SP	SP
Effective Power	3.739SP	SP
Reward SP (pending)	0.000SP	SP
SBD
sbd_balance	0.000SBD	SBD
sbd_conversions	0.000SBD	SBD
sbd_market_balance	0.000SBD	SBD
savings_sbd_balance	0.000SBD	SBD
reward_sbd_balance	0.000SBD	SBD

{
  "balance": "2.159 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "6080.496676 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "0.000000 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

name	qualifacto
id	1097089
rank	805,734
reputation	27795962
created	2018-07-31T03:07:48
recovery_account	blocktrades
proxy	None
post_count	7
comment_count	0
lifetime_vote_count	0
witnesses_voted_for	0
last_post	2018-08-06T17:16:48
last_root_post	2018-08-06T17:16:48
last_vote_time	2018-08-02T13:28:24
proxied_vsf_votes	0, 0, 0, 0
can_vote	1
voting_power	9,800
delayed_votes	0
balance	2.159 STEEM
savings_balance	0.000 STEEM
sbd_balance	0.000 SBD
savings_sbd_balance	0.000 SBD
vesting_shares	6080.496676 VESTS
delegated_vesting_shares	0.000000 VESTS
received_vesting_shares	0.000000 VESTS
reward_vesting_balance	0.000000 VESTS
vesting_balance	0.000 STEEM
vesting_withdraw_rate	0.000000 VESTS
next_vesting_withdrawal	1969-12-31T23:59:59
withdrawn	0
to_withdraw	0
withdraw_routes	0
savings_withdraw_requests	0
last_account_recovery	1970-01-01T00:00:00
reset_account	null
last_owner_update	1970-01-01T00:00:00
last_account_update	1970-01-01T00:00:00
mined	No
sbd_seconds	0
sbd_last_interest_payment	1970-01-01T00:00:00
savings_sbd_last_interest_payment	1970-01-01T00:00:00

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    "weight_threshold": 1
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  "balance": "2.159 STEEM",
  "can_vote": true,
  "comment_count": 0,
  "created": "2018-07-31T03:07:48",
  "curation_rewards": 0,
  "delegated_vesting_shares": "0.000000 VESTS",
  "downvote_manabar": {
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  "last_account_update": "1970-01-01T00:00:00",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_post": "2018-08-06T17:16:48",
  "last_root_post": "2018-08-06T17:16:48",
  "last_vote_time": "2018-08-02T13:28:24",
  "lifetime_vote_count": 0,
  "market_history": [],
  "memo_key": "STM8CYovQXnaMB9ZvNjK1n5P3mJhXo2agN28qEp82gX14d1vWpLMa",
  "mined": false,
  "name": "qualifacto",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "other_history": [],
  "owner": {
    "account_auths": [],
    "key_auths": [
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    "weight_threshold": 1
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  "pending_claimed_accounts": 0,
  "post_bandwidth": 0,
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  "post_history": [],
  "posting": {
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    "key_auths": [
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  "posting_json_metadata": "",
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  "proxied_vsf_votes": [
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  "proxy": "",
  "received_vesting_shares": "0.000000 VESTS",
  "recovery_account": "blocktrades",
  "reputation": 27795962,
  "reset_account": "null",
  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_steem": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "sbd_balance": "0.000 SBD",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "tags_usage": [],
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  "vesting_balance": "0.000 STEEM",
  "vesting_shares": "6080.496676 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "vote_history": [],
  "voting_manabar": {
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  "rank": 805734
}

Withdraw Routes

Incoming	Outgoing
Empty	Empty

{
  "incoming": [],
  "outgoing": []
}

From Date

To Date

qualifactopublished a new post: bgogo-exchange-the-implications-of-its-novel-design

2021/08/03 04:07:12 UTC

56,033,340|0675b33

author	qualifacto
body	<html> <p>[Empty]</p> <p></p> </html>
json metadata	{"app":"steemit/0.2","format":"html"}
parent author
parent permlink	blockchain
permlink	bgogo-exchange-the-implications-of-its-novel-design
title	[Deleted]
Transaction Info	Block #56033340/Trx 0675b33eb59c97b62550be9b20267a475fb52d26

View Raw JSON Data

{
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      "parent_author": "",
      "parent_permlink": "blockchain",
      "permlink": "bgogo-exchange-the-implications-of-its-novel-design",
      "title": "[Deleted]"
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  "op_in_trx": 0,
  "timestamp": "2021-08-03T04:07:12",
  "trx_id": "0675b33eb59c97b62550be9b20267a475fb52d26",
  "trx_in_block": 9,
  "virtual_op": 0
}

qualifactopublished a new post: trade-mining-bgogo-s-secret-weapon

2021/08/03 04:03:36 UTC

56,033,271|2e32fb8

author	qualifacto
body	[Empty]
json metadata	{"app":"steemit/0.2","format":"markdown"}
parent author
parent permlink	bgogo
permlink	trade-mining-bgogo-s-secret-weapon
title	[Deleted]
Transaction Info	Block #56033271/Trx 2e32fb84a03b5e6d8e44887bf009bc16404d7b98

View Raw JSON Data

{
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      "parent_permlink": "bgogo",
      "permlink": "trade-mining-bgogo-s-secret-weapon",
      "title": "[Deleted]"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2021-08-03T04:03:36",
  "trx_id": "2e32fb84a03b5e6d8e44887bf009bc16404d7b98",
  "trx_in_block": 6,
  "virtual_op": 0
}

qualifactopublished a new post: as-things-stand

2021/08/03 04:02:45 UTC

56,033,254|7bacdb7

author	qualifacto
body	[Empty]
json metadata	{"format":"markdown","app":"steemit/0.2"}
parent author
parent permlink	bgogo
permlink	as-things-stand
title	[Deleted]
Transaction Info	Block #56033254/Trx 7bacdb772d1bc0b9d116cbc7b63490a19ad7150e

View Raw JSON Data

{
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      "parent_permlink": "bgogo",
      "permlink": "as-things-stand",
      "title": "[Deleted]"
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  "op_in_trx": 0,
  "timestamp": "2021-08-03T04:02:45",
  "trx_id": "7bacdb772d1bc0b9d116cbc7b63490a19ad7150e",
  "trx_in_block": 1,
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}

qualifactopublished a new post: remember-all-i-m-offering-is-the-truth

2021/08/03 04:01:45 UTC

56,033,234|5adde8b

author	qualifacto
body	[Empty]
json metadata	{"app":"steemit/0.2","format":"markdown"}
parent author
parent permlink	bgogo
permlink	remember-all-i-m-offering-is-the-truth
title	Remember, all I'm offering is the truth.
Transaction Info	Block #56033234/Trx 5adde8b92dc1a9b048294b9c251434fed51b48c0

View Raw JSON Data

{
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      "parent_author": "",
      "parent_permlink": "bgogo",
      "permlink": "remember-all-i-m-offering-is-the-truth",
      "title": "Remember, all I'm offering is the truth."
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2021-08-03T04:01:45",
  "trx_id": "5adde8b92dc1a9b048294b9c251434fed51b48c0",
  "trx_in_block": 2,
  "virtual_op": 0
}

qualifactopublished a new post: bgogo-s-integrated-token-buyback-model

2021/08/03 03:59:33 UTC

56,033,190|b731755

author	qualifacto
body	[Empty]
json metadata	{"app":"steemit/0.2","format":"markdown"}
parent author
parent permlink	blockchain
permlink	bgogo-s-integrated-token-buyback-model
title	[Deleted]
Transaction Info	Block #56033190/Trx b7317550b75eebb412157d3e76b2b5653e88a89d

View Raw JSON Data

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      "parent_author": "",
      "parent_permlink": "blockchain",
      "permlink": "bgogo-s-integrated-token-buyback-model",
      "title": "[Deleted]"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2021-08-03T03:59:33",
  "trx_id": "b7317550b75eebb412157d3e76b2b5653e88a89d",
  "trx_in_block": 5,
  "virtual_op": 0
}

qualifactopublished a new post: 21-supernodes-21-listing-powers

2021/08/03 03:54:42 UTC

56,033,093|0bf7793

author	qualifacto
body	[Empty]
json metadata	{"format":"markdown","app":"steemit/0.2"}
parent author
parent permlink	bgogo
permlink	21-supernodes-21-listing-powers
title	[Deleted]
Transaction Info	Block #56033093/Trx 0bf77930b8f697b39855d1dd4d5faacf03d913cb

View Raw JSON Data

{
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      "parent_author": "",
      "parent_permlink": "bgogo",
      "permlink": "21-supernodes-21-listing-powers",
      "title": "[Deleted]"
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  ],
  "op_in_trx": 0,
  "timestamp": "2021-08-03T03:54:42",
  "trx_id": "0bf77930b8f697b39855d1dd4d5faacf03d913cb",
  "trx_in_block": 1,
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executive-boardsent 0.001 STEEM to @qualifacto- "❗ Hello qualifacto, great that you are using the STEEM blockchain. The Executive Board is publishing insider infos at https://discord.gg/KyBbmhh on how you will be earning the most coins. It's easy, j..."

2021/08/03 03:42:09 UTC

56,032,843|5b18151

amount	0.001 STEEM
from	executive-board
memo	❗ Hello qualifacto, great that you are using the STEEM blockchain. The Executive Board is publishing insider infos at https://discord.gg/KyBbmhh on how you will be earning the most coins. It's easy, just follow the instructions. THE 1000X BOOSTER KEY is already waiting for you over there too. 😉 Warm regards, The Executive Board.
to	qualifacto
Transaction Info	Block #56032843/Trx 5b181513104b8cf18dc75a99f9f7ebd245ad3123

View Raw JSON Data

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  "block": 56032843,
  "op": [
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      "amount": "0.001 STEEM",
      "from": "executive-board",
      "memo": "❗ Hello qualifacto, great that you are using the STEEM blockchain. The Executive Board is publishing insider infos at https://discord.gg/KyBbmhh on how you will be earning the most coins. It's easy, just follow the instructions. THE 1000X BOOSTER KEY is already waiting for you over there too. 😉 Warm regards, The Executive Board.",
      "to": "qualifacto"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2021-08-03T03:42:09",
  "trx_id": "5b181513104b8cf18dc75a99f9f7ebd245ad3123",
  "trx_in_block": 3,
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}

qualifactopublished a new post: bgogo-the-people-s-exchange

2021/08/03 03:41:33 UTC

56,032,831|8454430

author	qualifacto
body	<html> <p>[Empty]</p> <p><br/><br/></p> <p></p> </html>
json metadata	{"format":"html","app":"steemit/0.2"}
parent author
parent permlink	bgogo
permlink	bgogo-the-people-s-exchange
title	[Deleted]
Transaction Info	Block #56032831/Trx 8454430a952fdc753576ca6d714ecfa15f24511b

View Raw JSON Data

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      "json_metadata": "{\"format\":\"html\",\"app\":\"steemit/0.2\"}",
      "parent_author": "",
      "parent_permlink": "bgogo",
      "permlink": "bgogo-the-people-s-exchange",
      "title": "[Deleted]"
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  "op_in_trx": 0,
  "timestamp": "2021-08-03T03:41:33",
  "trx_id": "8454430a952fdc753576ca6d714ecfa15f24511b",
  "trx_in_block": 1,
  "virtual_op": 0
}

qualifactopublished a new post: bgogo-the-people-s-exchange

2021/08/03 03:40:06 UTC

56,032,802|a68b566

author	qualifacto
body	<html> <p>[Empty]</p> <p><br/><br/></p> <p></p> </html>
json metadata	{"format":"html","app":"steemit/0.2"}
parent author
parent permlink	bgogo
permlink	bgogo-the-people-s-exchange
title	[Deleted]
Transaction Info	Block #56032802/Trx a68b5661c4983d48521dc1dfb2d7293cede7c479

View Raw JSON Data

{
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      "parent_author": "",
      "parent_permlink": "bgogo",
      "permlink": "bgogo-the-people-s-exchange",
      "title": "[Deleted]"
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  "op_in_trx": 0,
  "timestamp": "2021-08-03T03:40:06",
  "trx_id": "a68b5661c4983d48521dc1dfb2d7293cede7c479",
  "trx_in_block": 5,
  "virtual_op": 0
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steemitboardreplied to @qualifacto / steemitboard-notify-qualifacto-20190731t041432000z

2019/07/31 04:14:33 UTC

35,133,553|11bc52a

author	steemitboard
body	Congratulations @qualifacto! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@qualifacto/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@qualifacto) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=qualifacto)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata	{"image":["https://steemitboard.com/img/notify.png"]}
parent author	qualifacto
parent permlink	bgogo-the-people-s-exchange
permlink	steemitboard-notify-qualifacto-20190731t041432000z
title
Transaction Info	Block #35133553/Trx 11bc52a6daa591234067cdef52bae9ef87017796

View Raw JSON Data

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      "author": "steemitboard",
      "body": "Congratulations @qualifacto! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@qualifacto/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@qualifacto) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=qualifacto)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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qualifactopublished a new post: bgogo-the-people-s-exchange

2018/08/06 17:16:48 UTC

24,835,743|d10e4de

author	qualifacto
body	<html> <p> </p> <h3>Summary</h3> <p><a href="https://bgogo.com/"><strong>Bgogo</strong></a> is the people’s exchange that is founded to restore balance to a grossly imbalanced crypto landscape.</p> <p>Twin pillars of its community-driven operating model:</p> <p><strong>21 Supernodes</strong> democratizes listing power, through a process of division and multiplication. Through sharing listing authority with 21 other crypto entities that act as representatives of the public community, sound decision making is made possible.</p> <p><strong>105% Trading Fee Rebate</strong> is Bgogo’s walk the talk for a truly decentralized crypto sphere. By removing fees for the marketplace platform that it provides (as a middleman), Bgogo ushers the public into a decentralized mindset where no high fees are required since no middlemen are.</p> <p>On the whole:</p> <p>A sensible game theory design that does not overlook the self-interest of participants. That aligns the self-interest of participants with its own. That shares with its (past/present/future) supernodes 20% of lifetime trading commission. Such that they would ensure the stability and progress of Bgogo. That pays users 5% of what would have been their trading fee. For each trade they make. Such that they would be happy to continue trading on Bgogo.</p> <p>Resulting in an autonomous and resilient ecosystem — a harmonious interplay of self-interest feeding off itself. </p> <p>Website: <a href="https://bgogo.com/">https://bgogo.com/</a></p> <p>Telegram: <a href="https://t.me/Bgogo">https://t.me/Bgogo</a> </p> </html>
json metadata	{"tags":["bgogo","blockchain","crypto","exchange","change"],"links":["https://bgogo.com/","https://t.me/Bgogo"],"app":"steemit/0.1","format":"html"}
parent author
parent permlink	bgogo
permlink	bgogo-the-people-s-exchange
title	Bgogo — The People’s Exchange
Transaction Info	Block #24835743/Trx d10e4de7f30591090e61ad5e1c01961700ff7951

View Raw JSON Data

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      "body": "<html>\n<p>&nbsp;</p>\n<h3>Summary</h3>\n<p><a href=\"https://bgogo.com/\"><strong>Bgogo</strong></a> is the people’s exchange that is founded to restore balance to a grossly imbalanced crypto landscape.</p>\n<p>Twin pillars of its community-driven operating model:</p>\n<p><strong>21 Supernodes</strong> democratizes listing power, through a process of division and multiplication. Through sharing listing authority with 21 other crypto entities that act as representatives of the public community, sound decision making is made possible.</p>\n<p><strong>105% Trading Fee Rebate</strong> is Bgogo’s walk the talk for a truly decentralized crypto sphere. By removing fees for the marketplace platform that it provides (as a middleman), Bgogo ushers the public into a decentralized mindset where no high fees are required since no middlemen are.</p>\n<p>On the whole:</p>\n<p>A sensible game theory design that does not overlook the self-interest of participants. That aligns the self-interest of participants with its own. That shares with its (past/present/future) supernodes 20% of lifetime trading commission. Such that they would ensure the stability and progress of Bgogo. That pays users 5% of what would have been their trading fee. For each trade they make. Such that they would be happy to continue trading on Bgogo.</p>\n<p>Resulting in an autonomous and resilient ecosystem — a harmonious interplay of self-interest feeding off itself.&nbsp;</p>\n<p>Website: <a href=\"https://bgogo.com/\">https://bgogo.com/</a></p>\n<p>Telegram: <a href=\"https://t.me/Bgogo\">https://t.me/Bgogo</a>&nbsp;</p>\n</html>",
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qualifactopublished a new post: 21-supernodes-21-listing-powers

2018/08/06 17:10:21 UTC

24,835,614|1ad9afe

author	qualifacto
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ubgupvoted (1.00%) @qualifacto / as-things-stand

2018/08/04 06:34:15 UTC

24,765,313|1226a03

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qualifactopublished a new post: as-things-stand

2018/08/03 07:16:30 UTC

24,737,367|e875eae

author	qualifacto
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youngogmarqsupvoted (0.02%) @qualifacto / trade-mining-bgogo-s-secret-weapon

2018/08/03 07:13:15 UTC

24,737,302|9ef6a91

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qualifactopublished a new post: trade-mining-bgogo-s-secret-weapon

2018/08/03 06:51:00 UTC

24,736,857|60135e9

author	qualifacto
body	https://www.youtube.com/watch?v=bBrnI7pIvIQ
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parent permlink	bgogo
permlink	trade-mining-bgogo-s-secret-weapon
title	Trade Mining: Bgogo's Secret Weapon
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qualifactofollowed @chaosandorder

2018/08/02 13:31:42 UTC

24,716,078|24c372e

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qualifactoupvoted (100.00%) @chaosandorder / memeful-review-of-the-bgogo-trading-platform-ico

2018/08/02 13:28:24 UTC

24,716,012|91412b9

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muraliytupvoted (100.00%) @qualifacto / remember-all-i-m-offering-is-the-truth

2018/07/31 18:19:57 UTC

24,664,278|d24aef1

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qualifactopublished a new post: remember-all-i-m-offering-is-the-truth

2018/07/31 18:19:33 UTC

24,664,270|7c9853e

author	qualifacto
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parent permlink	bgogo
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title	Remember, all I'm offering is the truth.
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alphabotupvoted (1.00%) @qualifacto / bgogo-s-integrated-token-buyback-model

2018/07/31 18:03:24 UTC

24,663,947|6fb4d60

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qualifactopublished a new post: bgogo-s-integrated-token-buyback-model

2018/07/31 18:03:15 UTC

24,663,944|760fcc8

author	qualifacto
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fastresteemupvoted (1.00%) @qualifacto / bgogo-exchange-the-implications-of-its-novel-design

2018/07/31 03:40:45 UTC

24,646,703|3d593a0

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qualifactopublished a new post: bgogo-exchange-the-implications-of-its-novel-design

2018/07/31 03:40:36 UTC

24,646,700|c2ddb96

author	qualifacto
body	@@ -3276,22 +3276,16 @@ ecision -  making p
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permlink	bgogo-exchange-the-implications-of-its-novel-design
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keisukevillaupvoted (100.00%) @qualifacto / bgogo-exchange-the-implications-of-its-novel-design

2018/07/31 03:39:48 UTC

24,646,684|613fb2d

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ax3upvoted (1.00%) @qualifacto / bgogo-exchange-the-implications-of-its-novel-design

2018/07/31 03:39:03 UTC

24,646,669|c8b2f43

author	qualifacto
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qualifactopublished a new post: bgogo-exchange-the-implications-of-its-novel-design

2018/07/31 03:38:54 UTC

24,646,666|08bcf0d

author	qualifacto
body	<html> <h3>Introduction</h3> <p>To any who have been keeping abreast of the bustling blockchain scene, the recent phenomenon of exchanges springing up would be nothing new and would indeed by now seem to be a repetitive, pointless exercise. The  highlight of these transaction mining exchanges such as FCoin and CoinPark is that they reimburse trading fees to their users in the form of their respective tokens. This is a step in the right direction but one which does not tackle the main negative effects of an exchange such as Binance. </p> <p><br></p> <p><img src="https://i.imgsafe.org/fd/fd5d78522d.png" width="759" height="281"/></p> <p><br></p> <p><a href="https://bgogo.com/"><strong>Bgogo </strong></a>is a transaction mining exchange just like the formerly mentioned FCoin and CoinPark but with a twist all its own. It is led by a stellar team of individuals with solid experience from leading tech giants and its  investors include well-known venture capitals such as Node Capital, Sky9 Capital, Goopal Digital, and Hike Capital.</p> <h3>Unique Features of an Original Design</h3> <p>Bgogo introduces several unique features as follows</p> <ol> <li>Supernodes — Based on this concept, there are 21 supernodes holding the highest amount of BGG tokens that are each entitled to pick a cryptocurrency they support for listing on Bgogo exchange. These 21 BGG supernodes are to be selected from leading global cryptocurrency entities and they get to share 20% of the commission generated over the trading lifetime of the cryptocurrency they elect for listing.</li> <li>BGG token holding positions — Bgogo will set a precedent by posting and updating the holding positions of its 21 supernodes.</li> <li>Token buyback model — Bgogo will utilize 100% of the trading fees it receives to repurchase its tokens.</li> <li>105% trading fee rebate — Users are returned an amount of BGG tokens the equivalent to 105% of the trading fees they incur after every 30 minutes.</li> </ol> <h3>Implications of an Original Design</h3> <p>There are two aspects to what Bgogo is trying to do that set it apart. The first is that Bgogo is really aiming to compete with Binance. As all would know, Binance holds a monopoly of influence to the point that when a project manages to list there, its token price will shoot up pre and post listing. As such, every project vies to be listed there upon token unlock. This is not such a bad thing as it could be an attestation to what Binance has often asserted — that it vets potential listings carefully for quality. However there is a downside here as Binance has sole discretion as to who gets to list on its platform and when. There arguably have been multiple good projects denied this privilege. The other drawback is that chosen projects are more or less at the mercy of  Binance as to the timing of their token listing. This may seem like a trivial thing but it could well negatively affect the timeline of projects and thus on a cumulative scale market movements. Now, Bgogo with its supernode system provides a much needed solution to the predicament faced by projects. With all of its 21 supernodes granted the right to exclusively list their best projects on a top notch market platform, <strong>decision  making power is distributed and uncertainty and delay are eliminated. What this means is that no worthy projects are denied the chance of a strong start as on Binance and that the attendant difficulties that come from a central authority such as Binance are done away with</strong>.</p> <p>Secondly, Bgogo with its 105% reimbursement of trading fees <strong>is inherently pursuing a more decentralized way of matching buyers and sellers. By doing away with trading fees so to speak, they are in effect relinquishing their status as the middle man</strong>. As such, contrary to what many might think, Bgogo’s main competitors are not FCoin or Coinpark or other such transaction mining exchanges but Binance and Kucoin. In fact it can be said that all exchanges in the transaction mining category are complementing each other in establishing a new standard that is of an immense benefit to the wider ecosystem.</p> <h3>Verdict</h3> <p>By upholding, preserving and pushing the tenets of decentralization amidst the current landscape, Bgogo is leading a new way forward for others to emulate. It is not content with being a game player but looks set to be  a game changer. I will be looking forward to use them for my trades and am excited to see what repercussions will arise from their endeavor.</p> <h3>Links</h3> <p>Website: <a href="https://bgogo.com/">https://bgogo.com/</a></p> <p>Telegram Community: <a href="https://t.me/Bgogo">https://t.me/Bgogo</a></p> <p>Whitepaper: <a href="https://bgogo.com/assets/white-paper/BGG-Token-Whitepaper-v1.8EN.pdf">https://bgogo.com/assets/white-paper/BGG-Token-Whitepaper-v1.8EN.pdf</a> </p> </html>
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parent author
parent permlink	blockchain
permlink	bgogo-exchange-the-implications-of-its-novel-design
title	Bgogo Exchange — The Implications of Its Novel Design
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      "body": "<html>\n<h3>Introduction</h3>\n<p>To any who have been keeping abreast of the bustling blockchain scene, the recent phenomenon of exchanges springing up would be nothing new and would indeed by now seem to be a repetitive, pointless exercise. The &nbsp;highlight of these transaction mining exchanges such as FCoin and CoinPark is that they reimburse trading fees to their users in the form of their respective tokens. This is a step in the right direction but one which does not tackle the main negative effects of an exchange such as Binance.&nbsp;</p>\n<p><br></p>\n<p><img src=\"https://i.imgsafe.org/fd/fd5d78522d.png\" width=\"759\" height=\"281\"/></p>\n<p><br></p>\n<p><a href=\"https://bgogo.com/\"><strong>Bgogo </strong></a>is a transaction mining exchange just like the formerly mentioned FCoin and CoinPark but with a twist all its own. It is led by a stellar team of individuals with solid experience from leading tech giants and its &nbsp;investors include well-known venture capitals such as Node Capital, Sky9 Capital, Goopal Digital, and Hike Capital.</p>\n<h3>Unique Features of an Original&nbsp;Design</h3>\n<p>Bgogo introduces several unique features as follows</p>\n<ol>\n  <li>Supernodes — Based on this concept, there are 21 supernodes holding the highest amount of BGG tokens that are each entitled to pick a cryptocurrency they support for listing on Bgogo exchange. These 21 BGG supernodes are to be selected from leading global cryptocurrency entities and they get to share 20% of the commission generated over the trading lifetime of the cryptocurrency they elect for listing.</li>\n  <li>BGG token holding positions — Bgogo will set a precedent by posting and updating the holding positions of its 21 supernodes.</li>\n  <li>Token buyback model — Bgogo will utilize 100% of the trading fees it receives to repurchase its tokens.</li>\n  <li>105% trading fee rebate — Users are returned an amount of BGG tokens the equivalent to 105% of the trading fees they incur after every 30 minutes.</li>\n</ol>\n<h3>Implications of an Original&nbsp;Design</h3>\n<p>There are two aspects to what Bgogo is trying to do that set it apart. The first is that Bgogo is really aiming to compete with Binance. As all would know, Binance holds a monopoly of influence to the point that when a project manages to list there, its token price will shoot up pre and post listing. As such, every project vies to be listed there upon token unlock. This is not such a bad thing as it could be an attestation to what Binance has often asserted — that it vets potential listings carefully for quality. However there is a downside here as Binance has sole discretion as to who gets to list on its platform and when. There arguably have been multiple good projects denied this privilege. The other drawback is that chosen projects are more or less at the mercy of &nbsp;Binance as to the timing of their token listing. This may seem like a trivial thing but it could well negatively affect the timeline of projects and thus on a cumulative scale market movements. Now, Bgogo with its supernode system provides a much needed solution to the predicament faced by projects. With all of its 21 supernodes granted the right to exclusively list their best projects on a top notch market platform, <strong>decision &nbsp;making power is distributed and uncertainty and delay are eliminated. What this means is that no worthy projects are denied the chance of a strong start as on Binance and that the attendant difficulties that come from a central authority such as Binance are done away with</strong>.</p>\n<p>Secondly, Bgogo with its 105% reimbursement of trading fees <strong>is inherently pursuing a more decentralized way of matching buyers and sellers. By doing away with trading fees so to speak, they are in effect relinquishing their status as the middle man</strong>. As such, contrary to what many might think, Bgogo’s main competitors are not FCoin or Coinpark or other such transaction mining exchanges but Binance and Kucoin. In fact it can be said that all exchanges in the transaction mining category are complementing each other in establishing a new standard that is of an immense benefit to the wider ecosystem.</p>\n<h3>Verdict</h3>\n<p>By upholding, preserving and pushing the tenets of decentralization amidst the current landscape, Bgogo is leading a new way forward for others to emulate. It is not content with being a game player but looks set to be &nbsp;a game changer. I will be looking forward to use them for my trades and am excited to see what repercussions will arise from their endeavor.</p>\n<h3>Links</h3>\n<p>Website: <a href=\"https://bgogo.com/\">https://bgogo.com/</a></p>\n<p>Telegram Community: <a href=\"https://t.me/Bgogo\">https://t.me/Bgogo</a></p>\n<p>Whitepaper: <a href=\"https://bgogo.com/assets/white-paper/BGG-Token-Whitepaper-v1.8EN.pdf\">https://bgogo.com/assets/white-paper/BGG-Token-Whitepaper-v1.8EN.pdf</a>&nbsp;</p>\n</html>",
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blocktradessent 2.158 STEEM to @qualifacto

2018/07/31 03:07:48 UTC

24,646,045|4fc8ebd

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2018/07/31 03:07:48 UTC

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