The U.S. Association for Computing Machinery (ACM) and other well-known organizations stated that the BGV will continue to expand and develop in the future, and it will truly realize the DeFI ecosystem with long-term application value!
If there is one word to summarize the innovation in the encryption field in 2020, it is DeFi. The word “DeFi” is a combination of “decentralized finance”, which itself is a generic term.
Starting in 2020, DeFi has a lot to say. This industry, which was once full of emerging protocols, had tried its best to get investors to invest a total of US$1 billion, but now its value is more than that. As of December 2020, the DeFi protocol has locked in US$15 billion. However, if you consider the market value of DeFi tokens and the traditional financial institutions who are considering integrating the DeFi services, the value of this industry today is much higher. Today, we recommend you the BGV project, the first NGK’s dedicated token for the DeFi.
Baccarat is a centralized transaction protocol released by the NGK.IO blockchain. While the NGK.IO has always been at the forefront of blockchain technology innovation, it has launched the new token, namely the BGV. It is a new DeFi exclusive and dedicated token issued by NGK, which provides liquidity returns, and thus, the ecological builders can earn the BGV tokens by mining.
There are total of 60,000 units of BGV, and among them, 10,000 units have been airdropped. The final distribution rule for BGV liquidity mining is that 1% of the handling fee is entered into the liquidity pool for distribution. At the same time, the BGV will be mined according to the liquidity pledge (LP). The highest mining number of 277 units is issued according to the proportion of the liquidity currency pool and the proportion of individuals. The proportion of the entire network is recorded every half an hour, and the final statistics are calculated and then weighted.
In addition, its ultra-low fee is also one of the highlights for the DeFi trading market. Compared with the average handling fee for each exchange of DeFi transactions on the Ethereum, this project only charges 1% of the handling fee. The fee is calculated based on the average exchange volume of 1–200 US dollars, and the NGK saves customers at least 90% of the exchange cost. These fees will all enter the reserve pool for the benefit of market makers.
DeFi has produced a complete subculture. The so-called DeFi Degens is searching for new “agriculture” everywhere. New projects have sprung up like bamboo shoots after a rain, with more than a dozen projects providing high returns every day. Some of them have revenues of more than 1000%. However, many of these projects are obviously scams, and as a result, many investors suffer losses. While some projects are eager to enter the market and try to catch the hype, but they are full of loopholes. The prosperity of this activity has caused a surge in the trading volume of decentralized exchanges. The transaction volume of a single Defi even surpassed the largest centralized exchanges. This subcultural group has also found its own sense of humor. Suddenly, so-called meme coins appeared out of nowhere, based on specific themed foods (e.g. MEME coin whose logo is a pineapple, etc.) and these food-themed projects are full of loopholes. Many investors suffered losses as a result. However, the BGV is not under this category. Like all NGK projects, the BGV has undergone rigorous internal testing and third-party code audits before it goes online, so users can be completely assured.