How does the NGK team create a BGV project with a super high return rate?

The NGK aims to incentivize the network supply to guide decentralized nodes in promoting the network usage and bandwidth flow.

Specifically, in the next 24 months, the NGK will include some ecological participants in the whitelist system, so that the interested participants can keep up with the official information.

BGV project

Internally, the NGK adopts reasonable staking and slashing mechanisms to balance the enthusiasm of validators and their speculative opportunities, so that the interests of different roles are mutually restricted, while the network is built together to increase the speed of information dissemination between blocks. With that, it can achieve higher network throughput. Externally, the NGK uses a fair and novel token distribution mechanism to show its friendliness to the network builders, and also allows different blockchain communities and application developers to more actively participate in the expansion.

Recently, the NGK also conducted a series of test network operation results and observed some phenomenon. For example, in terms of operating costs, the average cost of a validator to run a single relay node is US$14/month. As NGK supports more new chains, and thus, it needs more bandwidth and the cost of validators is expected to increase; in terms of node performance, the community enthusiasts showed great enthusiasm and potential; in terms of the distribution of participants, new nodes were mainly from Europe, Brazil, Australia, and Japan, while the East Asia nodes performed better.

BGV project

So, how does NGK team win the favor of many top capitals such as UICI?

The NGK Spirit Stone team has solid technical strength and rich experience. The team members come from famous universities such as Stanford, MIT and Indian Institute of Technology, and most of them have years of blockchain development experience. The Chief Technology Officer, STEPHEN LITAN is a Ph.D. in Computer Science from the Carnegie Mellon University. During his tenure at Intel, he was mainly responsible for the adaptation of electronic chips and related system construction. In addition, the team also invited multiple consultants to join the advisory committee.

The NGK has proved that its projects have a super high rate of return. For example, the decentralized financial project BGV, it rose to 888.88 points within one day it listed the AOFEX, and the return on investment was over 1,700 times.

BGV project

The BGV project runs under a decentralized protocol. 1% of the handling fee will enter the liquidity pool for distribution. At the same time, the BGV will mine according to the liquidity pledge (LP). The BGV will produce 277 units of tokens on the same day. The distribution is based on the proportion of the liquid currency pool and the proportion of individuals, and the proportion of the entire network is recorded every half an hour, and the final statistics are obtained after weighted distribution.

The total amount of BGV token issuance is fixed at 60,000 units, and among them, 10,000 units are airdropped. Based on the remaining 50,000 units, the total mining cycle is six months.

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