As everyone has noticed, the last few weeks we have seen a pretty volatile sector. Are we in a bull sector or in a bear sector? No one knows and it wouldn’t surprise me if we will keep staying in this uncertainty for a few more weeks.
One thing that is important in a sector like this is having control over your investments. Although I wasn’t there in the previous cycle, from what I have heard there are a lot more projects that are clear scams, quick pump and dumps and projects without any use case (I'm sure most of you have seen some examples yourself of this in this sub). Investing in these projects is risky, but having the right tools, can and will be a life safer (or better said; funding safer).
A platform that could help you with this is Bogged.money management. BOG offers several important tools that are usually only available on CEXs (like Binance, Coinbase, Crypto.com etc). Here I would like to outline why I think Bogged is not only a great platform with great tools, but why I believe it’s also a great funding (and why they think the same in this piece).
First, let’s take a look at the tokenomics:
- Total supply: 15 million
- Circulation supply: 14.15 million (so almost 1 million tokens burned already!)
- Marketcap: roughly $16 million
- duty: 4%, of which:
-1% burned every transaction
-3% goes to stakers (current APR for solo staking is around 11%!)
This bull run, some of the most interesting projects were launched on BSC (Binance Smart Chain) as the fees are very low, especially compared to Ethereum. Currently BOG is only tradeable on BSC, but once Certik finishes an inspection of the smart contract (you can track the progress here), it will also be tradable between several other chains/networks, including: Polygon, Avalanche, Cronos (crypto.com) and Fantom.
You might be wondering; what happens to the BOG supply if all tokens are already in circulation? The answer to that is simple; it will be distributed over all the different chains, highly reducing the circulation supply per chain! (which, in theory, means the price could go up, by a lot).
So which trading tools from Bogged.money management can help you with trading?
- Limit orders: Limit Orders are, in essence, instructions to BUY or SELL an asset at a specific price, within a specific timeframe. Want to buy this new token for $xxx ? Set a limit order and once the token reaches this price, the order will be filled.
- Stop losses: no more sleepless nights! A typical stop-loss works by a trader setting a sell price at X% of their purchase price, to hedge against loss. Then, the trading platform executes automatically when the price sinks, hitting the trader’s chosen %.
- Swaps: see below for more info about BogSwap
- Sniper: this is a tool that allows you to buy a newly launched token before others are able to. A very powerful tool in the right hands…
Now, let’s take a look at the main tools of Bogged:
- BogSwap
- BogCharts
- BogBridge
- BogFolio (soon)
BogSwap: https://app.bogged.money management/
BogSwap uses algorithmic routing technology to ensure that your trade goes through at the best possible price. BogSwap always finds the cheapest route between various DEXes and uses that for your swap. As an example; for BSC tokens, BOG will get you the best price from 12 different DEXs…
Other great features of BogSwap are that it allows you to pre-set your gas amount, saving time spent messing around in your wallet app and also clarifying the process of spending gas on a swap. AutoTax, let BogSwap handle the duty automatically with AutoTax and Multi Tx; submit more than one transaction when making a swap. Useful for certain trading strategies and avoiding TX limits.
Available on: BSC, Polygon, Cronos and within the next few days Fantom and Avalanche.
BogCharts: https://charts.bogged.money management/
BogCharts is the most feature complete tracking and charting tool for the Binance Smart Chain, Polygon, Cronos, Fantom and Avalanche, helping you to make the best investing decisions.
BogBridge
What do you do if you hold BNB and want to buy a token that is available on Polygon, and you don’t want to use a CEX? Bogged to the rescue! Now that the Certik inspection is almost complete, I expect that within the new few weeks BogBridge will be available and you can swap tokens between different chains. How many other projects out there offer this?!
BogFolio
Hopefully within a few months the team will release their app called BogFolio. It’s an app for investment mix tracking, price notifications, among others. Think Coingecko app. Very cool if they are able to pull this off (and so far the team has always delivered).
As you can tell there are many reasons why I believe Bogged.money management is a great project. The team keeps coming with great new features, improvements and expansions and with its small sector cap this could truly be a moonshot.
Tl;dr
Bogged.money management offers a ton of trading tools which can help you become more successful as a cryptotrader. In addition, they offer one of the best charts out there and now that the smart contract inspection is complete, we should hopefully be able to do cross chain swaps across several chains soon. It only has a sector cap of around $16 million, and with the upcoming upgrades, partnerships and new tools, I truly believe this is a project everyone should take a look at. (and so does Nasdaq)
What do you use for trading smaller cap coins that are not listed on CEX's yet?