Algorand will launch the Bgogo IEO platform on April 12

On the evening of April 8, Bgogo issued a statement saying,The second Apollo project Algorand will be launched on April 12th.

According to theBgogoNotice: Bgogo Apollo is the time-limited and price-limited transfer of Algorand project token ALGO, and the initial transfer is jointly participated by multiple transferors of the project community, including but not limited to early users and private investors of the project.

Block beat BlockBeats noticedAlgorand's official website and twitter account are not coming online yet.Bgogo's announcement.

The following is the notice

Dear users,

The Bgogo Apollo project team has adjusted the order of the upcoming projects, and the x-block project, which was originally scheduled to go online on April 10, has been postponed (the specific time will be further notified). Bgogo exchange will launch Algorand, the second project of Apollo, on April 12th. Bgogo Apollo is a time-limited and price-limited transfer of Algorand project token ALGO, and the initial transfer is jointly participated by multiple transferors in the project community, including but not limited to early users and private investors of the project.

A. What is Algorand?

Founded by MIT tenure-tenure professor, cryptographer and Turing award winner Silvio Micali, Algorand solves the "blockchain impossible triangle" by providing a platform for decentralization, scalability and security. Algorand provides a foundation for existing businesses and new projects to operate globally in the emerging decentralized economy. Algorand's equity proof agreements provide billions of users with the scale, fairness, and participation they need to build systems.

Website link: https://www.algorand.com/

& have spent 2. ALGO price:

ALGO Launchpad price: 1 ALGO = 0.05usdt (0.05usdt is Algorand private placement price with no premium)

The ALGO Launchpad supports a currency: USDT

ALGO Launchpad credit: 500,000 USDT 

ALGO personal Launchpad hardtop: convertible according to the proportion of BGGHP held in the account to the total amount of BGGHP (BGGHP over 10 million is marked as invalid)

3. Notes for charging and withdrawing ALGO COINS:

ALGO will be available for charging after the Algorand main network is online. It is expected to open in June 2019.

Four. What is the ALGO Launchpad pre-sale:

ALGO will begin pre-sales on the Bgogo exchange. All users with BGGHP (click here to see what BGGHP is) can participate in the ALGO project knowledge test, which is expected to take 5 minutes. Users who pass KYC and participate in the test can participate in the ALGO pre-sale quota allocation, a total of 500,000 USDT equivalent ALGO. Details are as follows:

ALGO project knowledge test time: 14:00, 9 April 2019 -- 14:00, 11 April 2019 (UTC+8)

Launch date: 14:00, 12 April 2019-20:00, 12 April 2019 (UTC+8)

ALGO/USDT trading pair online time: 20:00, April 12, 2019

ALGO project knowledge quiz link: to be updated soon

Five. Activity flow:

There is no need for panic buying - as long as the user passes KYC certification and takes an ALGO knowledge test, a pre-sale quota can be obtained based on the proportion of BGGHP held in the total BGGHP of the platform. Subscription can be made on the platform at any time within 6 hours after the start of pre-sale.

KYC- Bgogo accounts participating in pre-sale activities need to be KYC certified. Users who do not meet KYC requirements are deemed to have voluntarily waived the purchase qualification.

ALGO knowledge quiz - users who apply to participate in the ALGO Launchpad event will be required to participate in the ALGO knowledge quiz. Users who have passed the KYC and participated in the ALGO knowledge test can participate in the ALGO Launchpad pre-sale.

BGGHP- the pre-sale quota of ALGO will be allocated according to each user's BGGHP holding quota. Anything over 10 million BGGHP will not be counted. BGGHP is based on April 12, 2019.

ALGO subscription - the ALGO Launchpad has a fixed sell order that users with a quota can subscribe to for up to six hours. The "transaction fee" position below the trade box will display the "ALGO subscription quota".

Six. Activity statement:

The main party and responsible party of this pre-sale activity are ALGO team. Bgogo only assists ALGO in pre-sale in terms of technology and implementation.

Announcement of the link

https://bgogohelp.zendesk.com/hc/zh-cn/articles/360026218192-Bgogo-Apollo-Launchpad-%E7%AC%AC%E4%BA%8C%E6%9C%9FAlgorand%E9%A1%B9%E7%9B%AE%E4%BB%8B%E7%BB%8D

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