Additional Information on BCMC Token

kendomem (25)in #beforecoinmarketcap • 4 years ago

Introduction

The blockchain industry and cryptocurrency market is steadily growing yearly, has amassed a total capitalization of about $400,000,000,000 (400 Billion USD), and is likely to continue to increase. Following the current trend of business and technology in the world, it is not farfetched that the popularity and adoption of cryptocurrencies will continue to rise, which will give birth to the introduction of new projects on different platforms. Major financial organizations all over the world are beginning to incorporate the use of cryptocurrencies, as their mainstay for all their processes and operations. Based on research by Chainalysis, the recent happenings in the United States suggest that financial regulators are intently getting ready for the mass adoption of cryptocurrencies and it is expectant that financial institutions will align their procedures, adopt the technology and reduce risks. This will invariably warrant businesses and organizations to begin looking out for new projects and obtain useful information on them, for the possibility of investments. Owing to these recent events, it is obvious that the relevance of the BeforeCoinMarketCap (BCMC) project will increase.

The primary objective of the BCMC project focuses on creating a central platform that unites all crypto investors and enthusiasts. They plan to achieve this vision by gathering and collating the latest information and daily updates on all new and existing projects that are related to the cryptocurrency industry. BCMC is interested in the information on the initial listing of the tokens on trading and exchange platforms, then they will create a system that supervises and record the price fluctuations of tokens in the crypto market, and they believe this will boost their importance in the crypto world. With the quality of information on the BCMC network, every member of the crypto community will benefit from registering on the platform. Users can access tokens that are usually traded on the exchanges and have the opportunity to earn money. For tokens not on the BCMC network, users can make announcements on them and receive BCMC1 tokens as a reward.

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Some information on the BCMC1 token include;

Initial Coin Offering (ICO)

This is a common activity organized by all cryptocurrency project when introducing their tokens. It usually occurs before the token is made available to the public. Emerging blockchain projects announce their ICO to attract crypto investors who are interested in purchasing their tokens, and they usually sell the token at a discounted price to their early partners. BCMC will have three different rounds of ICO and the tokens will have different prices. More so, the network will have an exact number of tokens, which will be sold during each of the rounds.

The first round will have about 400,000,000 BCMC1 that will be accessible for purchase, for 0.0015 US Dollars per token. In the second round, the total number of tokens available for sale will be 600,000,000 BCMC1, and they will be offered at 0.0031 US dollars for each token. For the third round, the network will have a total supply of 500,000,000 BCMC1 tokens allocated for it and will sell the tokens for 0.0041 US Dollars.

With the structure of the three rounds of the initial coin offering, the platform intends to increase the earning power of its investors. Starting from the beginning of the presale process of the network, investors are likely to earn from 2.5x to 12x. Besides, to increase the earning opportunity of clients, BCMC will also create the possibility of creating more time for staking of tokens. Users will have the opening of staking their tokens from 1 month to 12 months.

Staking

This network activity allows users to earn more rewards after locking and storing tokens in a wallet, over a period. However, the BCMC platform has a threshold of the number of tokens bought allowed for staking, when it is below this minimum value, the staking payment will not go through. For staking of tokens to be accepted on the system, it must be equivalent to at least 100 US Dollars. The percentage reward for staking of tokens is relative to the amount of time it is locked up. For clients who stake their tokens for about 3 months, they are eligible to receive 4% of the staked funds. The percentage rises to about 9% of invested funds when the staking time increases to about 6 months. The reward for staking tokens on the BCMC network for about 12 months is 21% of the embedded tokens. After the staking period, the system automatically transfers the invested tokens and the percentage increment to the registered digital wallet, from which the tokens were sent initially.

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Token Sales

BCMC is planning to have two different stages of token sales, the Hard Cap and Minimum Cap, and there will be an apportioned amount of investment for each of these token sales. For the hard cap, the investment amount will be about $3,999,990 while it will be $1,800,000 for the minimum cap. Using either of these stages will reproduce a different development rate of the project, while the hard cap will allow the project to develop at a faster rate; the minimum cap will reproduce at a slower rate. The first targeted area to implement the raised investments will be for the development of the project. BCMC intends to utilize the funds raised to improve and support different areas of their network.

They plan to pull in resources to complete the development of the platform and increase the productivity of their team through expansion and exposure. Then, they will buy new equipment and create extra job opportunities within the platform, which will enable them to meet the demands of their users and serve them effectively. To ensure that the project remains sustainable, 60% of the investments generated will be stored in a stable fund, for purchasing more tokens, in the advent of when it falls to a critical level after the start of sales. Hence, the management team will endeavor to maintain a minimum token balance and ensure that it does not fall hastily, and this will give a sense of security to the crypto investors in the project. The development and completion of the activities listed on the project’s roadmap will take the remaining amount of generated investments.

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