Topic: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue - page 38. (Read 27026 times)

This is how I see the whole project (and yes, I already invested some serious money because I truly believe in that great community project Bitgesell and hope it has a bright future):
Bitgesell is some kind of "digital gold", meaning it is designed to securely store value in the blockchain like Bitcoin.
But unlike Bitcoin, Bitgesell has its halvings of mining rewards yearly, not only all 4 years. This means that the inflation (mining block rewards) will decrease much faster over time than it is the case for Bitcoin.
Additionally there is the burn rate of 90% of all transaction fees, which will decrease the supply available over time. You can see here how many coins are already burned:
https://bgl.bitaps.com/
...and with every block new coins will be burned.

Together with the fact that the maximum amount of all Bitgesell (BGL) coins is only 21.000.000 (minus the burned coins of course), it should decrease the supply tremendously over the years.

But there is a lot of work to do to increase the demand of Bitgesell and get traction, e.g.:
- list the coin on more (and larger) exchanges with more volume
- make it more popular => everyone can help here. Spread the word. The more people know about Bitgesell, the more potential new users can be found.
- A whitepaper and timeline should be created by the team together with the community to make it clear to everyone what the goals for the future are.

Bitgesell has not only the potential of x50 but much more. Of course it will probably never reach a market capitalization like Bitcoin or Bitcoin Cash but once it gets a little bit more popular it can easily make a x1000 from the current low market cap (only $248,835 at the time I write this). Even $248,835,000 market cap is not much for a great coin like Bitgesell. Today it would be something like rank 140 on Coinmarketcap after a x1000 (and with growing crypto markets in the future $248,835,000 means even a much lower rank). Nothing impossible. Let's do it: Coin price of $0,025 today => $25 in a few years :-)

 

Hello, can someone make a case of why the project could get traction and the price do x50 ?

I can not disagree. Kucoin is better than Trade Ogre but Trade Ogre is not a too bad exchange. In the meantime, lower tier exchanges can be helpful for Bitgesell community. If listing fee is free or low, lower tier exchanges should be considered. If they don't have bad accusations, they are not bad ones.

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In another efforts to bring Bitgesell to Whattomine, @fredeq replied and if their research ends with good result, Bitgesell will appear on Whattomine. A little good news for us.

i believe listing in trade ogre is easier than kucoin. but of course, the trading volume in kucoin is much much better than trade ogre. but for the meantime, it still depends on the team where they are capable of listing this coin. right now, they have to find ways on how to increase their trading volume in their existing exchanges.


maybe you can refer to this post here = https://bitcointalksearch.org/topic/m.56786603

1 BGL = 1 WBGL ERC20 = 1 WBGL BEP20

Hi,

It says on the bitgesell.ca page that BGL has 21 million coins max. But trades on Digifnex shows several millions week to week and one of the weeks it tops to almost 17million coins.

How many coins have been created already on each BGL coin, WBGL ERC20 and WBGL BEP20  ?

Trade Ogre is not a big exchange but it is good enough to use with acceptable volume. Kucoin is better I agree with you but in the meantime, if the listing verification on Trade Ogre is easy and free, the Bitgesell team can consider it.

How to List a Coin on KuCoin. I don't see Kucoin tutorial writes about the listing fee.

I also want a non KYC exchange but an exchange that can attract volume and more traders, this is the first time I read that exchange I do not have anything against the exchange but at this point in time we need a decent exchange that can move the volume and the price, Kucoin is my best bet, but I'm hoping that one day we'll soon get into Binance.

You want non KYC exchanges, so why not mention TradeOgre exchange. Link is the listing application form from TradeOgre exchange.

It is not a big exchange but is an old one and it does not bad accusations as Hitbtc or Yobit exchanges.

I don't have information on their listing fee

I will reserve a translation of this topic into Russian. I see that many Russian-speaking users are interested in this project, so this information will be important for the community enlargement.

Exactly, the trading volume is really the most important if we want to see a growth of the project, BGL can compete with another successful project if this is listed in a big market. No matter how good BGL's team but if it's not getting even at least $100k trading volume, I would not expect growth anytime  in the short period of time.

This! Digifinex is ok for the moment. You can trade there without KYC (no identification needed) and the support there is very helpful. However, the 60 BGL withdrawal fee sucks and trading volume for BGL is low. Another crypto exchange with higher volume would be great and would help making Bitgesell (BGL) more famous, which would surely thrive the price long term.

Even now, you can use the Hotbit exchange for deposits and withdrawals. I agree with you that the coin needs at least one more crypto exchange at a level higher than those on which we can trade today, I mean DigiFinex, Hotbit and Crex.

Is there any news about additional exchange listing we cannot trade on Hotbit because deposit and withdrawal here are disabled, the price on Hotbit is attractive compared to the other two exchange, we need at least one more exchange to replace Hotbit, for me, Digifinex is the only exchange worth trading I do not trust Crex24 because of the bad reports coming from my friends.

There is also no information about which devices can be used to mine BGL. Don't offer Nicehash, it's not a device.

Any response or update from Whattomine?

The whattomine's owner required you to do your submission again. Any update from fredeq since your second submission?

Ok, it's a good idea to write some rules. Thank you for that and understanding. I apologize for the delay.
I'll try to find some technical solution.

Congratulations to the winners of the node incentive program!
https://bglcontest.bitaps.com/nodes
2021-05-31
Total network nodes: 242
bgl1qdlwkyqezxa8gk06hvrklzsvlpnwhg75zmtm3p0
bgl1quky9gmwj6jhdhxqx6uq9xtesntuex9p9nw6z9n
bgl1qd748n8ux9aquu3736x93t9xzan74cdwm9aftuc
bgl1q68e8jgzgn97w4myc6q38nj4cs5er8uudmhjj4v
bgl1qnl58hvrytnqmp3pw9uame24tcxw6y8dfwnlj49
bgl1qyjt49tdyrsk0ywd9g6hu6pfs3kjvdshce30mcl
bgl1qhyf5e4uzcw5xnneljhg682kk93j5qkyqcvc9qm
bgl1qkq46retx588pdyvu2panym9ghrzflpfdlnf2vj
bgl1qy7pwlcs293tk8j9cljq6j2xmpjcwphykc3cryd
bgl1qczfq6audnx8ts7eyk4859hcn0xsv06f3rzvwch
bgl1qen9l6paegpk0ky9rq3kzhlucv73xzsspst0jxh
bgl1q0j2wp68ymw2ffehyr440gr0ypm03pjr6kuhdtp
bgl1ql9yzngyu459gq5d6ewhhyfxp3ajchmlnucq5xf
bgl1qcagqen3709gmvw0e6lvdfswu36hrh86acn5vme
bgl1q5rasf25nllug4hlk4jhqhp8y57t4ckw98cr95c
bgl1q5a0z6qnfeg0fcp25fgset2rg9hfxw4lpkjrc4p
bgl1qdjsgjswfjer53j5lwqzeywkkmm3cg24kt8e9lm
bgl1qvgzj6clmanzx7hzlqnv9l7j4ts4j3zj0afwpu9
bgl1qvzavxnzdfwmjftaz0qc4seaaeq8ketpktda7xl
bgl1q3xazhrk55gxjefr7czx09cc7uj593f4hexgu6u
The reward is 900 BGL for everyone.

Congratulations to winner of the transaction contest!
https://bglcontest.bitaps.com
block # 61637
2021-06-03 09:30
The address bgl1qvapfvztjp5yzpkvvcwppeqn88qvtr6fj0vxscw (97197 transactions).
The reward is 4500 BGL

Reward txid is  fdc339d60b37f61d39fc454462502360d40530dbf1baa7a19e0f62842e194034

Open BGL Core > Settings > Options > Click on "Open Configuration File".
Then Fill it as below

Before you approve, you need to understand the situation Bro. There was already a drawing on May 31, which was not paid to the owners of the nodes. See here https://bglcontest.bitaps.com/nodes We gave away the prizes for May 24.

Last node draw paiement was Done four days ago, you can check few posts above before claiming. The reward winners are selected randomly so may be your address wasn't picked in last distribution. You have to wait till next weak Bro .

I run a node using my windows client and I still can't find the way to add my address easily to the "agent name". Asked op who sent me a simple guide to do it but I can't figure out how to open what called Bgld which seems to be function in Linux Os. I can see my node in the list but not recognized by op without an address so I am not eligible for the weekly bonus. It would be great if someone can help .

Why did they delay the payment in the node draw? If the rules have changed, then write new ones. And such actions are not serious for the project.