ANNOUNCING DIRTYBAGS.ORG

BAGS token community is delighted to present you our latest project – an experimental link aggregator, built for community collection, curation and creation of all the bad, crazy and terrible (sprinkled with some awesome) things that are happening in the crypto- currency ecosystem.  

 

Upcycle Your Tokens

Join The BAGS Community

What is Token Upcycling?

Upcycling is all about taking something that’s unwanted or without value and turning it into something that people want.

With BAGS, upcycling means taking low-value tokens, mostly from abandoned projects, and giving crypto traders something new in return–the BAGS token!

Take this, for example: previously, if traders wanted to change their tokens to new ones, they would have to sell them. With BAGS, you don’t have to.

BAGS will collect only 0.01$ value of token per person (for verification purposes). In turn, we will give you a new BAGS tokens. These tokens have a very minimal supply.

Hey Crypto Buddy

Ever since Satoshi invented Bitcoin, people have been trying to recreate the success of Bitcoin with their own cryptocurrencies and crypto tokens. This produced the altcoin boom of 2013 and the ICO token boom of 2017. In 2019, after Bitcoin hit $13,000 AGAIN, the cryptocurrency space is on the verge of tulip-like hysteria once more and the mistakes of old will be repeated by those who fail to learn from the past.

In 2017, unfortunately, even good projects that were overhyped experienced gravity-defying token price rises and falls. For people who gave in to the mass hysteria and bought their expensive tokens, this was a big loss event in their portfolios.

Investors who experienced FOMO (Fear Of Missing Out) with tokens like this are now forced either to hold them, without knowing if the value will ever reach even a quarter of what it was during the highs, or sell at a 99% loss.

To break the “BAG HOLDER” loop, we created this token. We’re now transforming a story of failure and loss into a story of GROWTH and SUCCESS.

UPCYCLE TOKENS

STORE OF VALUE

LIMITED SUPPLY

FAIR DISTRIBUTION

Introduction & Story

The BAGS token is UPCYCLING your BAD tokens into GOOD ones! Take this, for example: previously, if traders wanted to change their tokens to new ones, they would have to sell them. With BAGS, you don’t have to.

BAGS will collect only 0.01$ value of token per person (for verification purposes). In turn, we will give you a new BAGS tokens. These tokens have a very minimal supply.

The Problem

Lots of projects raised millions of dollars during a bull run lost their token value in a bear market. Without income or a working project, they had to put a halt to everything.

As such, many “zombie” tokens are lying around now. Many still have active traders, so they have value, but project progress has stopped. People with these tokens are forced to sell at a huge loss or hold them and wait, without knowing if the tokens will ever regain value.

Solution

If you are not satisfied with the current tokens you are holding, and you are not willing to sell now, the best way to solve this problem – join BAGS token Community.

You do not need to sell your current tokens to receive new ones. For verification reasons, we only need 0.01$ value of token from you! We are creating a new BAGS token out of broken dreams from the 2017 ICO token rush.

 

How BAGS is Different?

 Blockchain projects funded by ICO, IEO, and STO usually over collect money for their idea implementation and release a ridiculous number of tokens.

They hide a secret stash of founder tokens and, slowly with each bull market, dump their hundreds of millions of tokens on unsuspecting, naive investors.

Satoshi had it right by setting the supply at 21 million, making for a very limited number of coins.

Since we don’t need to bootstrap the cryptocurrency movement or support mining, BAGS has only 1 million tokens, making it 21 times more limited than bitcoin.

We know that every venture carries risk. Up to 80% of small business ventures fail in ten years, and 90% of startups fail even faster.

This was mostly ignored during the 2017 ICO rush, tokens were hyped as a guaranteed success. The same thing is happening 2 years later, but the acronyms have changed.

Now it’s IEO or STO, but the risk profile is actually even bigger. If the project is not a scam, there’s still a 90% chance that IEO / STO will deliver tears to those who bought into the hype.

The BAGS token, on the other hand, is a community project and will succeed or die in the hands and minds of its community. There is no BUSINESS PLAN and so it carries no BUSINESS RISK.

 

 

DEFLATION

 

BAGS token is durable as long as the Ethereum blockchain is working and producing new blocks. Every cryptocurrency with a fixed supply can be deflationary if the public interest in it grows faster than its supply.

BAGS token will have its own progressive deflationary system: a yearly halving deflationary burn fee for transactions over 10 tokens. For the first year, every transaction with an amount larger than 10 BAGS tokens will burn 2% for the transaction. In the second year, the deflation fee will halve to 1%. In the third year, it will halve again to 0.5%. In the fourth year, it will halve yet again to 0.25% and then it will stay fixed at 0.25% forever.

This deflationary system is designed to follow the token growth curve, benefitting small holders and small transactions who are protected from excessive deflationary fees levied by other deflationary tokens (like BOMB) when transferring small amounts. If you send up to 10 tokens to an exchange or to another user, you will not be charged with a deflation fee.

We also hope that such a system will allow BAGS to be best fit to decentralized exchanges, allowing users to avoid the churn of hacked centralized exchanges. Remember not your keys, not your coins.

 

Distribution

You can buy BAGS in these Exchanges:

 

Forkdelta.app

Token.store

DDEX.IO

To help those users burned in 2017 ICO rush, and to warn of hidden risks those who are just coming into cryptocurrency we have created a token which allows users to upcycle their old ICO tokens into new, without selling them at the loss.

Total Supply:

984,843 BAGS

BAGS Distribution

 

  • Community 80% 80%
  • Project Growth 10% 10%
  • Creators 10% 10%


If you are not satisfied with the current value of the tokens you are holding, and you are not willing to sell them now, the best way to solve this conundrum is to join the BAGS token Community and upcycle your tokens.

Rules of Distribution

You do not need to sell your current token to receive a new one. For verification reasons, we need to receive 0.01$ value of token from you, as a “Proof Of BAG” that you are holding. You will keep the rest!

A:

You can buy BAGS at exchange: DDEX.IO 

B:

You can Upcycle your other crypto-currencies and receive 100 BAGS

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