[ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue

[Murat]

Signature Campaign Launched!

https://bitcointalk.org/index.php?topic=5313677.0

Rates updated. Apply now!

[coin-investor]

Signature Campaign Launched!

https://bitcointalk.org/index.php?topic=5313677.0

Rates updated. Apply now!

Thanks for approving my application and just on time to join when the rewards have doubled I am looking forward to finishing the campaign, I believe in the potential of the coin, it's still a long shot to make it to the top but with a hardworking community and developers we'll get there soon, the coin is very young and just on time to join and have some of it.

[EmmaWu]

https://digifinex.zendesk.com/hc/en-us/articles/900005568143


And congratulations to the winners of the node incentive program!
https://bglcontest.bitaps.com/nodes
2021-02-22
Total network nodes: 88
Here's winners list:
bgl1q4c7w22u7fap6f488dag2fxxwn7hualnrfv96yx
bgl1q3mmfq6g8sd8jdxyvvlf7wxgklw02ghn8qxrvkw
bgl1qetl6c3d59qxczh63xa4s5qxk877g3adwmc98qe
bgl1qmqeuy0lm3h0cauyw2hvfh8nthc68pncpj8dlgz
bgl1qajp8s70haxqhwa04p8v5qwwqk9sxzv8q4fsyxa
bgl1q2ytn79zxzhpvrytgzptj7x9xtahte6xgmuz6f7
bgl1qre2fq833efqcq8k6py75cqyjaeh47v6uqcsxyq
bgl1q2667gjgx5cl3nca5cmr8dxj82y5as6jfwgnsny
bgl1qv24nu956wulmfnrh3augwjv3uggtzu6t8230tl
bgl1q7d3c69rugljkntmevmv4av5fvnwg8c2llr2c5y
The reward is 850 BGL for everyone.

Congratulations to winner of the transaction contest!
https://bglcontest.bitaps.com
block #47525 2021-02-21 06:16
The address bgl1qyek697qhpjygwk52uzz8pmwy5k0cpqlg9ysw9c (20628 transactions)
The reward is 4250 BGL

Reward txid is 82ab7b43d571eb2e4a38d8b6b35bb1151e536150867f93694aad3140a40711c7

[Murat]

[terciduk123]

The more exchanges, the more traders and the greater the trading volume. Does Bitgesel have any partnerships or supporters? Currently coins that use their own blockchain have great potential for growth. How much is the transaction fee for each BGL transfer from one wallet to another?

[AlexLvov]

The more exchanges, the more traders and the greater the trading volume. Does Bitgesel have any partnerships or supporters? Currently coins that use their own blockchain have great potential for growth. How much is the transaction fee for each BGL transfer from one wallet to another?

I registered on the DigiFinex exchange, but did not find a Candy Box for staking on the web version.
Does staking work only in the mobile app DigiFinex?

[sloiz]

The more exchanges, the more traders and the greater the trading volume. Does Bitgesel have any partnerships or supporters? Currently coins that use their own blockchain have great potential for growth. How much is the transaction fee for each BGL transfer from one wallet to another?

I registered on the DigiFinex exchange, but did not find a Candy Box for staking on the web version.
Does staking work only in the mobile app DigiFinex?

Hi Alex

You have to install the mobile app (Android/iOS).
There you'll find the Candy Box feature under the Home section.
Good luck!

[sloiz]

The more exchanges, the more traders and the greater the trading volume. Does Bitgesel have any partnerships or supporters? Currently coins that use their own blockchain have great potential for growth. How much is the transaction fee for each BGL transfer from one wallet to another?

The standard tx fee is at 20BGL!

[crackfoo]

Hi,
We've added Bitgesell (BGL) to https://www.cexz.ca/ exchange.

## Exclusive partnership with https://zpool.ca ##
Mine on zpool using one of your CexZ deposit addresses and get your mining fee's waived!

==============================

Support: https://discord.gg/btHkR2NEam
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[terciduk123]

The more exchanges, the more traders and the greater the trading volume. Does Bitgesel have any partnerships or supporters? Currently coins that use their own blockchain have great potential for growth. How much is the transaction fee for each BGL transfer from one wallet to another?

The standard tx fee is at 20BGL!

So, for one transaction we need 20 BGL as a transaction fee. If calculated, the transaction fee is 20 x $ 0.02 USDT = $ 0.4 USDT. for now it is cheap, but if the price of BGL increases to $ 1 USD, the transaction fees will be very high, I hope you prepare a solution before this happens.

[Mpamaegbu]

for now it is cheap, but if the price of BGL increases to $ 1 USD, the transaction fees will be very high, I hope you prepare a solution before this happens.

Well, I would say "why not enjoy the moment with the cheap transaction fee and allow the devs to take care of the future?" On the other hand, I am not sure I truly understand what is meant by "burn rate is 90% of tx fees" Does anyone truly know? I have checked the supply and it's still 21 million tokens, nothing has been burnt there. So, what could that burn rate be?

[coin-investor]

So, for one transaction we need 20 BGL as a transaction fee. If calculated, the transaction fee is 20 x $ 0.02 USDT = $ 0.4 USDT. for now it is cheap, but if the price of BGL increases to $ 1 USD, the transaction fees will be very high, I hope you prepare a solution before this happens.

You have a point, I'm looking at a higher price like what if BGL reaches $100, that would become an expensive fee in the industry, there should be a solution for this and I also want to know how they are going to address this, I believe in the project and the price of the BGL is very much depended in the community and the development, we all want to work on issues that will soon confront us and fee is a big concern.

[Murat]

I have checked the supply and it's still 21 million tokens, nothing has been burnt there. So, what could that burn rate be?

https://bitgesellexplorer.com/

Coin Supply (BGL)
9,419,818

https://coinmarketcap.com/currencies/bitgesell/

Max Supply
21,000,000
Total Supply
9,729,419

Less than 10M supply ATM. We spotted a low cap gem here. Also, the halving is coming this month!

[EmmaWu]

The more exchanges, the more traders and the greater the trading volume. Does Bitgesel have any partnerships or supporters? Currently coins that use their own blockchain have great potential for growth. How much is the transaction fee for each BGL transfer from one wallet to another?

The standard tx fee is at 20BGL!

So, for one transaction we need 20 BGL as a transaction fee. If calculated, the transaction fee is 20 x $ 0.02 USDT = $ 0.4 USDT. for now it is cheap, but if the price of BGL increases to $ 1 USD, the transaction fees will be very high, I hope you prepare a solution before this happens.

The tx fee is measured in 10^-6 BGL per tx vbyte
For example, simple transfer like this https://bgl.bitaps.com/bcc441fc45be740e2280df899c6b0eca4f0febef47902249a197af87e6acda14
is 0.00005000BGL because there is not much competition for the block.

If you withdraw BGL from HotBit exchange, 20 BGL is their service fee, it's not a transaction fee.

We have the ability to create lightning network like BTC does if the price goes high and transactions become expensive.


And congratulations to the winners of the node incentive program!
https://bglcontest.bitaps.com/nodes
2021-03-01
Total network nodes: 87
Here's winners list:
bgl1qfptc3dz5l4fucla5edt2szr7dx9tfhdgr7me5s
bgl1q0fx999llf8c6wknjcfqs6f7wyyxhc7dsqwmfux
bgl1qzcyg2v7wd0cggwgw2re0ea38j0fxpucv5q02sn
bgl1qhfptx6vymtx4xtup5jqcrmfcrg7703v492yvjn
bgl1qws5y74ure8gs7en3vc7j449vxd6ftpy3xtqr5j
bgl1q883rkg0vck8jp0vmupcvjv82rhphf6tm3qvatt
bgl1qre2fq833efqcq8k6py75cqyjaeh47v6uqcsxyq
bgl1qczfq6audnx8ts7eyk4859hcn0xsv06f3rzvwch
bgl1qty5tdqsrvj9feslj7gzvj7tqwwypwrz6fjttau
bgl1qzsl0s38t5wfs8xgsneavjau03pprzemm9g3rxt
The reward is 1050 BGL for everyone.

Congratulations to winner of the transaction contest!
https://bglcontest.bitaps.com
block #48533
2021-02-28 07:21
The address bgl1qyek697qhpjygwk52uzz8pmwy5k0cpqlg9ysw9c (50724 transactions) It's new absolute record!
The reward is 5250 BGL

Reward txid is 58601e4f14c9371f81d999a139e9cfb6c0c83f56d9e2552a15e2b670dd591e9d

[my luck]

Today I run a node to support the project through greater decentralization. Can you tell me what resource I can use to control whether my node is working or not? Maybe a list of nodes...

[TimeTeller]

The more exchanges, the more traders and the greater the trading volume. Does Bitgesel have any partnerships or supporters? Currently coins that use their own blockchain have great potential for growth. How much is the transaction fee for each BGL transfer from one wallet to another?

The standard tx fee is at 20BGL!

So, for one transaction we need 20 BGL as a transaction fee. If calculated, the transaction fee is 20 x $ 0.02 USDT = $ 0.4 USDT. for now it is cheap, but if the price of BGL increases to $ 1 USD, the transaction fees will be very high, I hope you prepare a solution before this happens.

Why is the transaction fee very expensive?
Because if that's the case, I don't think this coin is practical to use in the payment sector.
Maybe, it depends on the exchange, like for example, it was mentioned above, hotbit, they are charging 20BGL, whereas in crex, only 1.5 BGL.
But why it is expensive in hotbit? The gap of service fees is very wide.
And can they enumerate why this coin has real store of value? Thanks.

[SquirrelJulietGarden]

So, for one transaction we need 20 BGL as a transaction fee. If calculated, the transaction fee is 20 x $ 0.02 USDT = $ 0.4 USDT. for now it is cheap, but if the price of BGL increases to $ 1 USD, the transaction fees will be very high, I hope you prepare a solution before this happens.

You need to clearly classify the withdrawal fees on exchanges and transaction fees if you make your BitGeSell transactions from your own wallet.

If you are moving your BitGeSell from one exchange, you will be charged withdrawal fee and believe me, withdrawal fee on exchange is never be cheap as same as the fee you pay from your own wallet.

Why is the transaction fee very expensive?
Because if that's the case, I don't think this coin is practical to use in the payment sector.
Maybe, it depends on the exchange, like for example, it was mentioned above, hotbit, they are charging 20BGL, whereas in crex, only 1.5 BGL.
But why it is expensive in hotbit? The gap of service fees is very wide.

1.5 BGL and 20 BGL are very different withdrawal fee. The withdrawal fee on HotBit is 13.3 times more expensive than on Crex24.

[EmmaWu]

Today I run a node to support the project through greater decentralization. Can you tell me what resource I can use to control whether my node is working or not? Maybe a list of nodes...

This is a good idea, thanks! I'll ask guys to make a full node list page so we could see the current status of the network

[Altcoin Reviewer]

I see BGL is making a lot of noise in the forum lately which is great. I would like to trade BGL on FTX or some Tier 2 Exchanges. I think spending money on low-tier exchanges is a waste of money.

Tier 2 Choices -

FTX
Bithumb Global
Gate.io
Okex
Bittrex
Kucoin


or some other reputable exchanges. Try to get in FTX, please..... 

[my luck]

I see BGL is making a lot of noise in the forum lately which is great. I would like to trade BGL on FTX or some Tier 2 Exchanges. I think spending money on low-tier exchanges is a waste of money.

Tier 2 Choices -

FTX
Bithumb Global
Gate.io
Okex
Bittrex
Kucoin


or some other reputable exchanges. Try to get in FTX, please..... 

Yes, this is a good list. Maybe excluding Kucoin, which has not very good reviews from traders related to the delay in the withdrawal of funds.

Today I run a node to support the project through greater decentralization. Can you tell me what resource I can use to control whether my node is working or not? Maybe a list of nodes...

This is a good idea, thanks! I'll ask guys to make a full node list page so we could see the current status of the network

That would be nice. You can also add flags for the countries where the nodes are located so that the user can rent a VPS in places where the coin network is low.