The BOG Relaunch — Everything you need to know.
The $BOG token will relaunch in under 15 hours, here’s what you need to know to get up to speed with everything.
What happened?
The old $BOG token was exploited due to a flaw in the staking portion of the token contract, which allowed a hacker to inflate the supply and dump the tokens on the market.
This has been rectified in version 2 of the $BOG contract, and $BOG and BogTools is ready to come back stronger than ever. We have completed an audit with a third party and will get additional audits done post-launch.
The Relaunch
The $BOG token will be relaunched at 9PM UTC on June 1st 2021, in under 15 hours from this post going live.
Currently, tokens are being airdropped via the bogged.finance platform to pre-snapshot holders, and trading will be re-enabled at 9PM UTC.
The interest in $BOG is immense and we’re excited to continue to build $BOG and the Bogged.Finance platform.
Tokenomics
BOG will launch with the following tokenomics.
Max Supply: 15,000,000
Circulating Supply: 13,300,000
Initial Launch Price: 145 BOG per BNB.
Contract Address: 0xb09fe1613fe03e7361319d2a43edc17422f36b09
Transaction Fee: 5% on Trading Only. Transfers are free.
BOG will launch approximately 70% below its all-time high market cap. Original pre-exploit holders were diluted by approximately 3–3.5x.
Post Launch Burns
1. 1530 BNB ($459,000~) will be paired with an additional 221K BOG as a liquidity boost, this LP will be staked and the yield will be burnt, further reducing supply.
2. 1530 BNB ($459,000~) will be used to buy-back and burn BOG, on a schedule of ~109 BNB per day for the two weeks following launch.
Further burns will be announced after this period and we will use our platform fees to buy-back and burn additional BOG.
The Marketing
We have had incredible interest in the relaunch of BOG, with our telegram exploding to almost 25,000 members.
In terms of marketing, we have activated a massive banner on the charts platform which is being seen by hundreds of thousands of people per day — inviting them to the relaunch of $BOG.
In addition, we will be activating marketing with a variety of partners pre and post-launch.
Post-launch Project Plan
- Migrate sniper to use new BOG token for priorities.
- Migrate stop-losses to use new BOG token for minimum holding.
- Release limit orders v2 with BUSD and Pancake v2 & Apeswap support along with payment in the new BOG token.
Medium-Long term roadmap:
- Bogged.Finance “Pro Mode” — integrated swap, limit orders, stop losses and chart interface
- Scheduler oracles
- Embeddable BogCharts
- Cross-chain release on MATIC with BOG bridge
View more at https://docs.bogtools.io/roadmap
Pre Exploit Holders & Post Exploit Purchasers Information
People who purchased BOG prior to 11:01 AM on May 22 may be eligible for the $BOG airdrop, which will transfer value of BOG and LP over to the new contract for eligible wallet addresses.
You can check and claim at https://bogged.finance/
Solo Staking & LP Staking
People who purchased BOG prior to the exploit will be able to access Solo Staking, allowing them a share in the 2% fee as LP tokens.
All holders are able to access LP staking, where users pair BNB and BOG as LP in Pancakeswap V2 earn a share in the 3% fee as BOG tokens.
You can stake at https://bogged.finance/staking
Full Relaunch schedule
Sunday 30/05/21 9PM UTC
All airdrop disputes must be submitted by this time. Check your airdrop at bogged.finance
Monday 31/05/21 9PM UTC
Pre-launch airdrop claims will be available from this time on Bogged.Finance
Users may also stake their claimed BOG and/or LP on bogged.finance — further instructions will be announced closer to the time.
Tuesday 01/06/21 9PM UTC
Launch. Liquidity will be added and $BOG will be available to trade.
Airdrop claims will be available indefinitely if you are unavailable to claim during the pre-launch period.
We hope you will join us for the relaunch of $BOG, if you have any questions don’t be afraid to tag @bogtools on Twitter or join us on telegram.
Announcement: https://t.me/bogtoolsann
Telegram Chat: https://t.me/bogtools
Twitter: https://twitter.com/bogtools/
