Topic: Bgogo exchange running an IEO without the project's permission (Read 127 times)
This cannot be called as an IEO, they are just simply selling their own tokens themselves. The most likely scenario here is Bgogo would sell the tokens above it's token sale price and the exchange would simply earn from it. The ones who have bought through Bgogo will be buying above the market price and Bgogo would definitely know how much they needed to buy for this users. Bgogo would earn a lot of money from this depending on how much they would put on top of the token's original selling price. It's just like Bgogo being a middle man who is taking advantage of both of the parties.
https://twitter.com/lawmaster/status/1115313069318725634
https://twitter.com/crypt0moon/status/1115259397356257282
Bgogo is actually not denying it !
What Algorand team says about all this :
https://twitter.com/Algorand/status/1115252001632333824
https://twitter.com/crypt0moon/status/1115259397356257282
Bgogo is actually not denying it !
What Algorand team says about all this :
https://twitter.com/Algorand/status/1115252001632333824
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