Introduction
Creating a unique pathway or approach when venturing into a business or industry filled with numerous products or competition can be the key to a rejuvenating success. This is what makes the BeforeCoinMarketCap platform a special kind of crypto project because it does not have any analogues in the cryptocurrency market. The founding owners hired the best experts and professionals, who are vast in the knowledge of cryptocurrency and blockchain technology to embody and develop the project’s vision. BCMC targets creating a distinctive platform that enables the auditing and tracking of both existing and recently developed crypto assets, and providing relevant information on them. An exceptional feature of BCMC is that it rewards members who contribute to the vision of the project.
In a bid to ensure quality and timely delivery of services and information, BCMC is collaborating with different top sources of information on crypto coins in the industry, and they include Etherscan, CoinMarketCap, and Ethplorer. With such backup, users and crypto investors do not need to spend much time tracking tokens individually; instead, they can sign up on BCMC, provide their wallet address in a selected field, and receive all valid and current information on the tokens stored in their wallet. For any token without information on the ecosystem, users can make announcements on such ones, and receive rewards in tokens after verification.
This is why the development team is creating the network’s token, which will be denoted as BCMC1 and have multiple utilities. Community members can use the BCMC1 token as a means of making payments. Users can use the token to purchase other digital assets on exchange platforms or buy physical assets on e-commerce platforms. Within the BCMC ecosystem, there are distinct actions the token can perform, they include;
Voting Exercises and Crypto Forecasts:
As a platform built on blockchain technology, BCMC adopts a decentralized system of governance. Hence, the running of the operations within the network is community-driven. The BCMC1 token becomes relevant when there is a need to make decisions, which will influence the state of affairs in the project. For users to participate in voting exercises, they will require to possess a minimum amount of the ecosystem’s token (the BCMC1). This increases the acquisition of the token among community members because all would want to participate and contribute to ensuring that all decisions reached remain fair and credible to all users.
Likewise, another application of the token is in rewarding members who offer announcements on tokens not listed on the network. The BCMC platform, having the vision and objective of providing useful and timely information on all tokens within the crypto market, may not always have concrete details on all. Therefore, it creates a rewarding system that offers incentives to users who can announce information on these tokens.
Promotion and Competition Participation
There is also a reward for subscribers of the BCMC platform, who engage in promoting the affairs of the network. A similar promotion activity can be the airdrop campaign. Users are expected to share information on the project on their social media outlets such as Facebook and Twitter and will receive the BCMC1 tokens as a reward for it. After completion of the airdrop and promotion program, users will submit their ERC-20 compatible digital wallets to receive the tokens. More so, there will different competitions organized for community members by the network, and incentives will be paid to those who participate and win.
Software Development:
This is an emerging blockchain project, which is new to the cryptocurrency market, and it is still undergoing certain stages of development. The tokens of the ecosystem are useful in developing certain software required for the progress of the network. Developers within the BCMC network charged with the responsibility of building new software would need to utilize the token to access licenses and other requirements.
Ads Positioning in Apps:
This effective marketing strategy puts the network in the limelight and creates awareness for potential investors and crypto enthusiasts to learn more about the project. BCMC intends to use their token to place their adverts on mobile and web apps where they can reach a larger audience, increase the adoption of their project.
Staking:
This is a general action across most crypto projects that requires the use of the ecosystem’s token. Staking simply involves buying the tokens of a blockchain network and hold them for some time until they are added to the mining pool. Users on the BCMC network can also use their tokens for staking, and they will receive rewards for this activity. The platform even allocates a certain fraction of its total tokens in circulation for rewarding clients and network subscribers who participate in this process and stake their crypto coins. Staking also relates to the validation of transactions within a blockchain network using a minimum token balance, and users receive a reward for it.
Referral Reward System:
One of the methods of expanding the number of users and creating more awareness of a crypto project is through referrals. After registration, signing up, and verification of accounts on the BCMC platform, each user obtains a unique referral link, which they can share with their family, friends, colleagues, and acquaintances who wish to join and partake in the network. When any of their referrals uses that unique link to register on the platform, and their accounts are verified, the network rewards that member with BCMC1 tokens.
Conclusion
For the storage of the BCMC1 tokens, during the early and developmental stages of the project, the development team is working to implement the digital wallet of the Ethereum Blockchain. This implies that the token will be ERC-20 compatible. The BCMC1 tokens can be stored in any digital wallet also supported on the Ethereum Blockchain network. However, for future references, the team intends to expand the possibilities of storing the network’s token on other blockchains in the crypto industry. Some blockchains that will provide digital wallets for the storage of BCMC1 tokens will include EOS, XLM, TRON, and others.
AUTHOR'S DETAILS
Website: https://beta.beforecoinmarketcap.com/
Whitepaper: https://beta.beforecoinmarketcap.com/storage/bcmc-whitepaper-3.pdf
Telegram: https://t.me/BeforeCMCgroup
Twitter: https://twitter.com/BeforeCMC
Facebook: https://www.facebook.com/BeforeCMC
LinkedIn: https://www.linkedin.com/company/beforecoinmarketcap/
YouTube:https://www.youtube.com/c/BeforeCoinmarketCap
AUTHOR'S DETAILS
Bitcointalk Username: Chidoskim
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2652432
Proof of Authentication: https://bitcointalk.org/index.php?topic=5307843.msg56092783#msg56092783
Eth Address: 0x4F70c5e328B15825Fa456a4F32fEeF315ba88FDf