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April 08, 2019, 06:55:43 PM |
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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.
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