BITGESELL LISTINGS?
BITGESELL LISTINGS?
Why isn't Bitgesell listed on major exchanges? When will it be listed? Why was BGL listed by centralized exchanges that eventually went bankrupt or failed to honor agreements? What is the actual supply of WBGL and the portion locked in BGL at the ratio 1:1? What will be Bitgesell's inflation rate at each halving until 2030?
If you have any of these questions, read the Bitgesell Investment Guide (BIG) or the following points. Only a poor investor would stay out of Bitgesell, the most deflationary crypto coin on the crypto market. Bitgesell is everything that Bitcoin represents, but with a focus on deflationary principles.
When the first cryptocurrency Bitcoin (BTC) started being mined in 2009, there were no exchanges where it could be listed. The uniqueness of the product was a novelty and the creation of exchanges for the purpose of selling crypto products began to attract new audiences and entrepreneurs. The first cryptocurrency exchange was bitcoinmarket.com! It was proposed on January 15, 2010, on Bitcointalk, a forum created by Satoshi Nakamoto, the "father" of Bitcoin. The idea came from a user identified as "dwdollar." This exchange still operated for some months, but then closed, unlike Bitcoin which has survived and prospered to this day.
BITGESELL SUPERIOR FEATURES
Eleven years after the first crypto, Bitgesell (BGL) was launched to compete directly with Bitcoin, but despite Bitcoin being the first cryptocurrency, Bitgesell entered the market during the pandemic with unique improvements such as a initial block reward of two hundred coins (x 52,500 blocks) until the next halving, burning 90% of transaction fees, yearly halving, 10x smaller block size, etc. Based on the performance of some developers on BitcoinTalk and GitHub, Bitgesell had been in the works for many years before.
BGL YEAR OF LAUNCH: 2020
Bitgesell was launched during one of the worst moments in human history and amid of the 6th deadliest pandemics, Sars Covid-19. Only a group of good "madmen" (EmmaWu) would launch Bitgesell in the middle of a global crisis, with the entire population stuck at home. But that’s exactly what happened. The crypto product was too attractive to remain locked away. Moreover, most ASIC mining processors could mine two cryptocurrencies at the same time, which is why Bitgesell was launched, giving early and old bitcoin miners the opportunity to mine, trade, etc.
TARGETED BY THE EXCHANGES
At that time that Bitgesell was began his blockchain there were already exchanges catering to all kinds of clients. That year, which coincided with the COVID-19 pandemic, 75 crypto exchanges closed down. Some of these exchanges disappeared after hacker attacks or turned out to be elaborate scams. Between 2020 and 2021, BGL was listed on several exchanges but ended up falling victim to these new exchanges, which were either untrustworthy or simply went bankrupt or vanished from the market without honoring their commitments.
CEX & DEX PREVIOUS LISTINGS
According to Bitgesell's BitcoinTalk, the first listing was on the Hotbit and Catex exchanges. One month later, it was listed on Crex24. And the list continued until the early miners dumped their coins on the exchanges, causing liquidity to collapse with each listing, though always documenting its journey. As we will see below, Bitgesell's listings on five centralized exchanges and two decentralized ones had the following outcome:
Bitgesell previous listings:
Hotbit Exchange - Listed 1th June 2020 (CLOSED)
Catex Exchange - 6th June 2020 (CLOSED)
Crex24 Exchange - 17th July 2020 (CLOSED)
Alterdice Exchange (CLOSED) - 23th July 2020
DigiFinex - 23th February 2021 (BROKEN AGREEMENT)
Uniswap & Pancakeswap (DEX)- 12 April 2021 (ACTIVE)
OPTIMISM AND ARBITRUM - 23th February 2024 (ACTIVE ON SEVERAL DEX)
BITGESELL IS NOW READY FOR LISTING?
Today, Bitgesell has everything it needs to be listed on the world's leading exchanges as a cryptocurrency. Firstly, because it is a cryptocurrency with superior and nobler fundamentals than Bitcoin, more ecological, with the specific feature of BGL having an annual halving, making it the most deflationary currency in the store of value segment by burning 90% of transaction fees. After know that, will Bitgesell be listed on top and reliable exchanges? Not only is it inevitable, but it will also be a valuable addition to the entire cryptocurrency market to have BGL as reference asset. Bitgesell is a cryptocurrency in crescendo with its own blockchain, fully decentralized and recognized by over 6,000 holders who, after studying the coin, have come to realize that BGL will be scarcer than Bitcoin and potentially more valuable.
WBGL: THE DOOR TO BGL
Bitgesell (BGL) is currently traded only on decentralized exchanges (DEXs), where you connect your wallet and buy the wBGL token on DEXs such as Uniswap, Arbswap or PancakeSwap or any other DEX that provides access to wBGL on the Binance Smart Chain, Ethereum, Optimism and Arbitrum networks. Each wBGL on each network is equivalent to 1 bitgesell coin. However, the cost of accessing the bglswap.com bridge using Metamask and Bitgesell Wallet address is only 1% over each transaction value.
Here are the wBGL tokens on the four networks corresponding to locked BGL wallets within the Bitgesell blockchain, allowing the free transaction of BGL across various decentralized exchanges. Check it out:
It’s worth noting that it is advisable to transfer a good portion of your tokens to the native Bitgesell network in order to protect your coins from hackers, scams or the temptation to sell at a price you may regret in the future. However, if you want to venture into trading the coin, it’s best to remain in wBGL. The choice will always be yours.
For greater security, purchasing through the Binance WEB3 Wallet is recommended. Note: BGL 90% transactions fees burns, from a small fee of 0.00001 BGL, only take effect within the Bitgesell blockchain.
HOLDING WBGL OR BGL?
Regarding whether to hold WBGL or BGL, EmmaWu wrote the following on BitcoinTalk: "If you intend to hold and own your BGL, then store your coins in BGL mainnet on cold wallet. This is most secure and reliable way. Bridge, pancakeswap are to provide means of exchange, the main function of wrapped tokens is to provide exchange and liquidity without CEXes.
The BSC blockchain is not fully decentralized (although it has many good points). Remember BTC's old saying, not your keys - not your coins, it stays true."
LISTINGS ARE IMPORTANT
As an investor, if you came across Bitgesell for the first time, like I did accidentally after reading a thread on BitcoinTalk in September 2022, you might wait until 99.95% of the coins are mined. Why? To avoid a 51% attack, particularly from early miners. Contrary to what you might think or say, "It's better not to," the best investment strategy for Bitgesell is: Start now! Accumulate little by little as the price gradually increases year after year, while keeping in mind the two biggest threats to cryptocurrencies, often disguised as a red candle or bear: extreme volatility and the bearmarket cycle.
WHEN WILL BGL BE VALUABLE?
The answer to that question is simple: gradually, year after year. You might be wondering: when will 99.95% of Bitgesell coins be mined? Precisely in 2030, when only 10,253.9 Bitgesell coins will remain to be mined, after completing 11 halvings. Currently, in October 2024, we are approaching the 5th halving, expected between April and May 2025. The inflation rate, driven by mining and miner sell-offs, is reduced by 50% each year.
Year / Inflation Rate / Coins Mined:
2020/21 = 50% BGL inflation (10,500,000 BGL)
2021/22 = 25% BGL inflation (5,250,000 BGL)
2022/23 = 12.5% BGL inflation (2,625,000 BGL)
2023/24 = 6.25% BGL inflation (1,312,500 BGL)
2024/25 = 3.12% BGL inflation (656,250 BGL) — We are here!
2025/26 = 1.56% BGL inflation (328,125 BGL)
2026/27 = 0.78% BGL inflation (164,062.5 BGL)
2027/28 = 0.39% BGL inflation (82,031.25 BGL)
2028/29 = 0.19% BGL inflation (41,015.625 BGL)
2029/30 = 0.09% BGL inflation (20,507.8 BGL)
2030/31 = 0.04% BGL inflation (10,253.9 BGL)
...
All values will continue to drop by 50% until 2054 or until 33 halvings are completed!
WHY BGL LISTING AFTER $1 USD?
According to many, as we've seen, Bitgesell's listing will make sense after 99.95% of the total supply is mined. However, there's hope it could happen sooner for two reasons. First, in the second post on the first page of the Bitgesell BitcoinTalk thread, you can read a post from one of the main founders, EmmaWu, stating: "I decided to also fund most of the big activities with BGL coins to get them covered when the price reaches $1." For that reason, the wallet containing the genesis block is intended, according to EmmaWu, to fund marketing activities and probably listings: Here! Secondly, as Community members, we know that Bitgesell has partners who may list the coin in advance. In fact, anyone can pay for listings, given the increasingly affordable prices and the less selective criteria of various exchanges.
BITGESELL IN GROWING MODE
Therefore, whether developers initiate listings or they happen through exchanges, partners or holders, there's still a long way to go before Bitgesell becomes a worldwide and trusted brand. That's why your help as a holder in spreading the word is essential. In fact, Bitgesell doesn't need many holders. With less than 1% of Bitcoin's holders, BGL could reach the top 100 on CoinMarketCap, where it would gain greater visibility. At that point, Bitgesell would likely be listed on the top exchanges and attract investors, particularly those who hate losing money.
240.000 BGL SATS FOR EACH EARTLING
Finally, there are 8.1 billion people currently in the world. With a Bitgesell limited supply of less than 21 million and more than 1.1 million coins burned, if we distributed BGL to every inhabitant of the planet, each would only receive 0.0024 BGL coins or, if you prefer, 240 000 BGL satoshis! So, don't rush, but don't get left behind.
More information and links can be found on Linktr.ee Bitgesell, created by Bitgesell Community.
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