Hello everybody, and welcome. David Tatera here with CryptoTutorials.org, and today I'm excited, we're starting a new project. We are going to go over the 10 most exciting new tokens for June 2021 and today I am doing the Bogged Finance Review.
There's there's well over a thousand new tokens that come out every month. It's amazing the volume. I like to keep an eye on a lot of them and see which projects I think are interesting, which ones might be worth an investment of a little bit of money. Which ones I think came up with a novel and unique way to use the blockchain. Which ones just did some cool marketing and I liked their design of things. I think all of those things are important when releasing a new token and I like to keep an eye on all of them.
I'm going to go over each token, what the token is, what it's about and a little bit of background on it. I'm also going to do article for each token so if you want to you buy BOG token, I'll show you how. I'm going to make it for each of these 10 and I'm really excited to share them with you. So lets get started with Honor Token.
Get Free Tokens - Airdrop Masterclass
Before I teach you all about this new token, I do want to let you know that we still have our $97 airdrop masterclass going for free right now. Not sure how much longer we're going to keep this up, but if you are interested in picking up free crypto and I don't mean junk scam tokens. I mean top quality, name brand tokens.
Things like Blocto, Muneriam, things that have been really, really valuable, take this class. I'm going to teach you how to pick out the good ones, how to apply for the good airdrops and how to successfully get some real coins that are going to hold some value. Go to GetMyFreeCrypto.com and let me know where you want the course link sent. I will send it right over for you to take the class.
BOG Token Re-Launch
Here we are at Boggged Finance. To be clear, this is relaunch. This token has already been out. There was an original Bog token. It was hacked. They recovered some of the tokens and had to relaunch the contract. Create a whole new set of protocols for it, a new contract, move people over. Then in the last month they relaunched.
That's the short story on bog finance. To be perfectly clear, this is one token that I am a holder in. This is one that I am a user too. I love Bog Finance. I was so excited when I discovered them. To be crystal clear, this is not financial advice, I just think it's a great program and it's something that I do own.
Bogged Finance Hack
Bogged Finance ha done a great job of recovering from the flash-hack that cost them the first token. It shows a good community and a good product.
Bogged Finance - Review Of Token History
Down here, you're going to see it is a Binance Smart Chain token. Sorry, I forgot to look over the token stats. Here we go. 94 cent token right now, almost 95 cent token right now it's up a little bit. Trading volume is 288,000 dollars in the last 24 hours, fairly stable token. It's been as high as 97 as low as 85. It's kind of on the upper end right now and market cap is not listed here now.
You're going to find some of this information that's missing here on Coingecko will appear on Bog Finance and we'll go over there. They actually will give us this information like market cap. Here is the coin chart on Coingecko. For the last two and a half weeks, little downs, more ups, it got as high as 1.40 and as low as 70 cents or 80 cents. It's settled in around a dollar right now.
What Is Bogged Finance?
So what exactly is bogged finance? Bogged Finance is a set of protocols that runs on top of Defi exchanges and adds additional utility to them. This is their medium page. Here they are on June 23rd, announcing trailing stop losses are live on Bog Finance.
If you don't know, trailing stop loss are for traders. Actually everybody can use them. What they do is, if the price of my particular crypto drops by a certain amount, they put in your order to sell it. But if it keeps going up, they let it keep going up.
Let's say I have a coin. That's that is selling for $1 and I want to sell it, if it goes down 10%. I could put in a sell at .90, but what happens if it goes up to $2. I would have to keep moving my sell price all the time to stay 10% below the current price. Or I could use a trailing stop loss at 10% and it would follow on the way up, but freeze on the way down.
This allows you to lock in some profits in case the market turns the other direction on your particular asset. But if it keeps going up, you can reap the benefits. So it's a great thing. It's something that actually doesn't exist on almost any exchange. Coinbase, Kucoin, they don't have trailing stop-losses. Even Binance doesn't. It's a very rare thing.
Bogged continues to release new features aimed at helping crypto traders make more money. These features require you to hold a certain amount of the coin to activate them.
Bogged Finance Review Of Features
Bog adds these tools to Defi exchanges, and they've got regular stop-losses and they've got limit orders and they've got sniping tools, a whole bunch of complicated new things. This is going to allow you to do a better job of managing your assets if you like to trade on a defy exchange.
Let's take a quick look over at the roadmap. As you can see, they have been busy. They had to relaunch the new token and get everything up and running. They added stop limit orders, stop losses, the trailing stop losses. They have price bots and embeddable charts coming out, trailing profit orders by the dip, sniping things. A lot of different tools to help you buy and sell and make the most out of your crypto assets.
I also have a Bogged Finance Tutorial where I log in with my account and do some trades. Show you how it all works. This one I'm just going to give you a quick overview of it. This is your basic trading platform you're going to get to when you log in and you can see it's got BOG token's chart here. These are full candlestick charts. You can change the timeframe on them. You're getting the volume down here. Better charts than you probably get on most DEXs. You can see that here's their liquidity, 5.4 million market cap, 13.3 million volume got a lot going right. They're doing really well, but that's the data that you weren't even able to get over on CoinGecko, and you're going to get it and you're going to get it constantly updated.
It's even giving you a list of all the trades as they go through here, you can see what price somebody paid, how much they bought, or what price, how much they sold. You can literally watch it happen with your token, I don't know if it's absolutely live, but it's pretty live. It's great. It's a big step up from what we're used to with, Pancakeswap or Sushiswap.
Bogged Works With Existing DEXs
That's the thing, this isn't a separate exchange. This is just a layer of protocols on top of the Defi exchanges. You're going to need an own some Bog tokens to do some of these things. Limit orders cost $2.50 cents worth of Bog per order. If you want to do stop losses, you have to own a hundred BOG before you can even do that feature.
Each of these tools costs a little bit, but man, being able to put a limit order to know that my token, if it drops, I can get out from under it. That's worth spending a couple bucks on, for sure, for me. It's easy to make that back. I don't know a lot about the sniper feature. This is something that you apparently have to be more advanced and have more... I don't know if it's just tokens or actual experience using the website. I'm not entirely sure.
I'd love to find out. I've done some research, but I can't seem to find much on how the sniping works. They are constantly adding new layers on top of this to improve the experience of using Defi exchanges. So as I said, this makes it a Defi exchange feel like a real centralized true exchange, which is really cool.All right. Thanks again, I think this has been great Bogged Finance Review. Let's all learn more about all the new projects coming out so that we can understand the direction that the crypto industry is moving in. Have a great day, and much Aloha!