NGK DeFi Baccarat may promote BGV to become the next thousand times currency!
At present, it is close to the end of 2020, but the DeFi boom is still continuing. Recently, a piece of good news came out from the DeFi market, that is, Baccarat, the NGK DeFi decentralized trading system, will be launched soon. At that time, it will cause another shock in the entire blockchain market!
1. What is NGK DeFi Baccarat?
Baccarat is a DeFi decentralized financial transaction system launched by the NGK.IO blockchain. It is a decentralized transaction protocol and the first liquid mining platform built by the platform blockchain.
Unlike most DeFi on the market, which is developed based on ETH, the slow transaction speed, low throughput, high gas fees and serious network congestion have discouraged many users. NGK DeFi Baccarat is developed based on the NGK platform and has advantages that other DeFi projects do not have. Its fast transaction speed, high throughput and low transaction cost are recognized by many users and institutions, and they are looking forward for it to be launched soon!
2. How does Baccarat liquidity mining work?
There are two roles in Baccarat liquidity mining which are market maker and exchanger. When the market maker (LP) deposits funds in the liquid reserve pool, it injects momentum into market transactions, and all users can freely exchange on it, thereby incurring processing fees. The resulting commission will be returned to the liquidity reserve pool to be evenly distributed to each market maker that provides liquidity.
3. How is BGV allocated?
When NGK.IO launched Baccarat liquidity mining, it also issued a new currency BGV based on it as a liquidity return. It is worth noting that the currency cannot be purchased through the market in the initial stage, allowing participating users to hold cryptocurrencies to earn liquid BGV mining rewards, and BGV will be the first mining bonus in the Baccarat project.
Currently, the total number of BGV issued is 60,000, and the daily output is 1,500. The distribution principle is that 1,500 BGVs are weighted according to the market maker’s turnover, and a fixed maximum of 1,500 BGVs are issued per day. Every transaction generated by Baccarat will be calculated in time and will be issued at the appropriate time within 24 hours.
In addition to being used for weighted distribution, NGK DeFi Baccarat will also follow the airdrop default active account priority principle, and send 10,000 BGV to existing members according to the existing address. In this way, it will stimulate the enthusiasm of users and allow more users to participate in Baccarat liquidity mining.
At present, with the upcoming launch of NGK DeFi Baccarat, more investors and institutions have paid attention to the project. It is believed that after its launch, through the continuous update and iteration of technology and the continuous expansion of the market, it will be recognized by more companies and will be widely used for commercial use. In addition, the BGV coin issued on Baccarat will also increase in price and become the next thousand times currency!
