Topic: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue - page 45. (Read 26892 times)

Hi guys, unfortunately we don't see much activity in Ren repository. That's one of the reasons we decided to go for manual custodian, which would be nice to transition to Ren's decentralized approach. If you have GitHub account, could you please comment on the opened pull request to show support and community activity https://github.com/renproject/multichain/pull/78

I don't know reasons but you can use other exchanges if you want to trade BitGeSell. Three exchanges for BitGeSell and HotBit is a good choice now. HotBit and DigiFinex is two biggest exchanges for BitGeSell but former is for BTC pair and the latter is for USDT pair.
market list and HotBit exchange.
Last week, I intended to use DigiFinex but I decided to use HotBit because of deposit problem.

What is the reason that the DigiFinex exchange wallet for several days under maintenance? It takes no more than an hour to install and synchronize a node. Forks and new versions for BGL were not released. What is the reason?

The all time high could easily be achieve because the market is currently hype, but as an investor, we are looking for stability and it seems like it will not happen until we see BGL listed in a bigger exchange with some consistent trading volume. For now, the volume looks unstable as it could drop and pump into big numbers anytime and that would affect its price as well.



As I said, volume is the answer.

You are right.

The total supply is small and price is cheap. If you make your comparison to many overvalued DeFi tokens, you can see this altcoin can have better price. The team have run some contests and increase the exposure of this project in media. I think with this initiatives from the team and the general uptrend of the crypto market, this coin will at least reclaim its all time high days ago.

I even don't think that all time high will be a resistance for BGL for too long.

On coingecko, from the title of item #10 of the FAQ "My coin/project's information is incorrect", I think it follows that the official request for data correction should come from an official representative of the developer team or the creator of the coin, I think the same happens on cmc, although in https://coinmarketcap.com/methodology/ they mention that they actively listen to users ' feedback / requests

Proper marketing, continuous development, and an active community, and a good exchange if we continue to do this we will see the light, there's a lot of good feedback on Bitgesell and it's only a matter of time, so far the community is growing, we need to keep it up I hope the signature campaign will continue, the big boost will come if we can get in at least one big exchange.

Correction, that is not 21 billion, it's only 21 million (https://coinmarketcap.com/currencies/bitgesell/)

Circulating supply is only 10,523,645 BGL, so the price is really cheap at the moment, we just need more exposure and it will only happen with bigger excchanges trading this coin.

I see DEXes as the way that the markets would develop, on PancakeSwap there's some liquidity present already and the fees are very reasonable. What do you suggest as a more liquid exchange?

You only need to scroll your cursor up and then you will find this ann, mate.

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Just read on the first page, one of Bitgisell's targets is "B" exchange with a fee of 60BTC. I don't know when it will be realized considering the high fee for only 1 exchange. I think this target can be achieved in a cheap way even for free if team know and can reach a certain trading volume which makes this "B" exchange interested to be included in the free listing via community vote.
I can assume that to build a bigger community and increase exposure BGL won't cost up to 60BTC in order to achieve high trading volume (naturally).

Bitgesell price is still relatively low when viewed from a total supply of 21 billion, will Bitgesell have the opportunity to enter the BSC? almost all new coins now go to the BSC. I hope Dev thinks about this

Nice update @EmmaWu, that's a great for BGL community.

By the way, how about exchanges, is there any plan on adding BGL in a much more liquid exchanges?

Hello dear BGL community!

We have brought good news: Bitgesell (BGL) token is now supported on Ethereum blockchain
as WBGL (Wrapped BGL) ERC20 token and on Binance Smart Chain (BSC) blockchain as WBGL BEP20 token.
The token address is 0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A on both of them
(you can add this token in your metamask or any other ERC20 wallet, Uniswap pair, etc.)


To get token though DEX, you can use following links:
- Uniswap: https://info.uniswap.org/pair/0x015b3fe77de322194df3d4cd19e2e6cbd5cb361a
- Pancakeswap: https://pancakeswap.finance/swap?outputCurrency=0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A


For transparency, please note the wallets that are used as custodial purposes:

Custodian wallet for Ethereum blockchain:
https://bgl.bitaps.com/bgl1q70vhymm0espyccv6qfxrnc8nqtxuruxlcap06u
Its balance should match total supply of token https://etherscan.io/token/0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A
(WBGL), which is pegged 1-to-1 to BGL on the custodian wallet.

(you can use Etherscan to check https://etherscan.io/token/0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A
 Max. Total Supply value,
 or read contract directly https://etherscan.io/address/0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A#readProxyContract
 and check totalSupply method output)


Custodian wallet for Binance Smart Chain (BSC):
https://bgl.bitaps.com/bgl1qal6q9fv57t57tgmppkeqwh7xyex7ake2uuzyj3
Its balance should match total supply of token https://www.bscscan.com/token/0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A
(WBGL), which is pegged 1-to-1 to BGL on the custodian wallet.

(you can use BSCScan to check https://bscscan.com/token/0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A
 Max. Total Supply value,
 or read contract directly https://bscscan.com/address/0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A#readProxyContract
 and check totalSupply method output)


Here https://bglswap.com/ is bridge to automatically perform conversion between chains.
1 BGL = 1 WBGL ERC20 = 1 WBGL BEP20

I have already written about this that you need to correct the information for crypto aggregators (CMC and coingecko).
Only the developer or any member of the community can do this?

Digifinex put the deposit for BitGeSell on maintenance. Do the team have any information from them about this issue?

HotBit exchange does not have problems with deposit or withdrawal.

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BitGeSell is recovering and the increasing volume is good for more rally and maybe other all time highs for this coin.
BitGeSell price and volume
Coinmarketcap does not include the Twitter account for BitGeSell (in Community list). Coingecko has that link and I would prefer to visit coingecko for statistics and updates with new exchanges.

There are two contests/incentive programs running (and they should be running for a year more at least):

1. Node incentive program:
Every week (1008 blocks) 20 nodes would be randomly picked and awarded $20 each.
For this particular moment it means that every new node would get this bonus, until network grows!
https://bglcontest.bitaps.com/nodes This contest is planned up to next halving in March 2022.
Hourly updated list of nodes: https://bglcontest.bitaps.com/nodes_list
The nodes are picked randomly throughout the whole week range. Nodes are crawled hourly.
The more hours node is online - the better the chance for it to be in winners list.

2. Transaction contest
Every week wallet address will be picked automatically which is included in most transactions.
This address will be awarded $100.
https://bglcontest.bitaps.com/

The number of exchanges that allow you to trade BGL coin is limited now. Its Crex24, DigiFinex and Hotbit. All information is here https://coinmarketcap.com/currencies/bitgesell/markets/

Nodes run using Linux VPS. Already there are 130 participants + on the last day are launched many "1 hour nodes". Small chance to catch good luck.

Guys, just wanted to alert the newbies like me, use whatever exchange just not hotbit! Pure shit platfrom and fees are just insane.
Withdraw 1220 BGL and they took 20 coins... wtf...
Besides that, the platform just barely moves. Android app is a joke too...
I wanty to accumulate BGL on a different platform, which one do you experienced guys recommend?

Also, +1 for how to run nodes and participate in the contest You do that just by having BGL core wallet open?

Hey EmmaWu.

The rewards for two contests are great. Would you mind sharing more details about them, please. I would like to buy some more BitGeSell and join the future rounds. How often those contests are run (weekly, bi-weekly or monthly)?

Binance CEO about coin burn:
https://twitter.com/cz_binance/status/1381277694705295362

They are not truly decentralized (21 verification nodes and burn is made manually and by central decision), some opinion about it:
https://bravenewcoin.com/insights/binance-smart-chain

and some discussion:
https://bitcointalksearch.org/topic/will-binance-be-the-next-ethereum-5318456

_______________________________________________________________


Congratulations to the winners of the node incentive program!
https://bglcontest.bitaps.com/nodes
2021-04-12
Total network nodes: 182
bgl1qgh6f2t642cdknlg7ctp9ancw38k5kejfsn6aul
bgl1q23ax63htl26u5jz4cj2pc4nfl7tuspcpuqg2uh
bgl1qfhr6zd70wpzvqczgqh3yzlv55kt2pl4xwh9vvz
bgl1qfehmlqx82zdf8gr085cgnh09ttg9ay6klza60c
bgl1q85ha3m4jhshssx8u3fkg6nsrv632ewreeylsrh
bgl1qwldvflqk3kg7tx55qsytdaffxsu6qqnls35f6w
bgl1qdlwkyqezxa8gk06hvrklzsvlpnwhg75zmtm3p0
bgl1qux3rsswva957nvzpe6mq0rext2y34auhjj70t6
bgl1qcagqen3709gmvw0e6lvdfswu36hrh86acn5vme
bgl1qmhhysju8kpj7s7l3cztcc9tttqk9lyry7l5edc
bgl1qdccky450htelpxdwng20twx9g87hpusrveldyw
bgl1qnnavs02upzhmj4ryxjtau9ytlawfypzxu3dyae
bgl1qns07wz0nr87cshr2cfeazdwapz9r86wq4q4wyz
bgl1qw6ruzrmq75lgxq6a7ry5elxefvxcz26e7y982s
bgl1q6qcrx73r7vjzum8l2ukv7q0lc9cy7qzvcdznz0
bgl1qtc59ghcgc6shw9jg5rlgf6an94pe3qm56ej8au
bgl1qjr8mtyknmhg9qjaqs63dz9guvhhr3aej4wm356
bgl1qly3q33uhqcrhmjj55pk0f3maffnwcqufhj9czw
bgl1q2lfgua0s6e9vwnu5dw4pm8vneyhuecp4esnh47
bgl1q2e8xd33da8ru209gs66wgcls6evmuwfl0y049c
The reward is 340 BGL for everyone.

Congratulations to winner of the transaction contest!
https://bglcontest.bitaps.com
block #54581
2021-04-11 12:54
The address bgl1ql7qj3kyla4fyjcjclklmq8yky06djdccxd02v2 (219772 transactions)
The reward is 1700 BGL


Reward txid is  71218e2d2be0dc7bbef15a83edf6bcbc13506af0ef193221a9fc75ce6014bf71