Introduction
There is constant growth since the inception of blockchain technology and cryptocurrency, which began with the Bitcoin Network in 2008. Over the years, this technology is developing and becoming an integrated system in several industries, as it has different applications that are relevant to the activities within each of these industries. We are witnessing how the adoption of blockchain technology is revitalizing the operations across various disciplines, and it has continued to improve its applications since its inception. One major aspect of this remarkable technology is in the financial industry, where operations and processes are shifting from the traditional banking system into the adoption of cryptocurrencies. More so, the payment systems are drifting into using the technology as its mainstay, due to the benefits of its features. Users can send and receive assets on time and there is an advanced level of security.
The functions of blockchain technology also extend to the level of governance within organizations. Initially, most businesses and corporations operate in the confines of a centralized government, where a few persons decide the authority of making decisions and policies that affects the entire community. This system of governance also implies that the bulk of profits generated from the platform goes to these few personnel. However, blockchain technology gives users and the community members the right to make the decisions and a fair share of revenue generated. It also creates a system where all members can participate, contribute, and interact within the network.
The benefits and functions offered through this technology make things easier, more convenient, and secure. Users can monitor and access their assets through a digital wallet, and have total control over their transactions due to decentralized exchanges. Contrary to centralized systems, where the network and third parties have control over users’ assets and make interfere with transactions.
The BCMC Network
With the continuous expansion of the blockchain industry and the cryptocurrency market, we are witnessing different emerging projects and companies that introduce their plan and objective to the public. Some of them have attractive business plans and visions and this pulls crypto investors and enthusiasts towards the business, they also present new features to the market, or work on the existing ones and improve them. BeforeCoinMarketCap (BCMC) is a recent project in this industry that has an entirely different vision and objective, and it developed a platform that seeks to ease the process of accessing useful information on different tokens. BCMC network focuses on providing its users with information on all the tokens stored in their digital wallets, as well as all active tokens in the crypto market.
Most of all the existing and emerging blockchain projects own a cryptocurrency, and they often have peculiar information about them. During the initial stages of the project, the management team usually organizes various activities, which will introduce the network to the public and potential investors. However, with many existing networks and new ones coming up fast in the market, enthusiasts and investors may have to spend lots of time searching through the tokens to obtain the information. The BCMC system ensures that its users can get up-to-date information and updates on tokens to enable them to know when to sell or purchase.
The process of accessing this information on the BCMC network is easy and convenient for all users. After registration on the platform and signing up, then the user needs to verify the account. The next step will require users to submit their digital wallet address in a field and the platform will generate all necessary information of tokens stored in each wallet. While BCMC collaborates with top exchange platforms such as Ethplorer and Etherscan to provide the information, they might not have the details for all tokens in the crypto market, due to the vastness of the market, and the rate at which new projects emerge. For such cases, the network relies on the community members who have information on such tokens to present them to the platform and receive rewards. BCMC focuses on ways to provide its users with quality information on the current token trends and ensure they have updated details for their trading plans.
Functions of BCMC Network
This blockchain-based project has several functions it performs, and, which users can do on the platform, they include:
Submission of Announcements:
As mentioned above, BCMC may usually not have information on all tokens in the crypto market and have to fall back to its community members to provide such information, if they have any. BCMC accepts announcements from its users on tokens that they do not have information, which in most cases is a new token. After submitting the announcement, the team of the network will vet the information contained therein and give their approval. Users whose announcements are approved will receive the ecosystem’s token.
Access to Token Information:
With the stated objective of BCMC, users can conveniently access relevant details of all tokens contained in each of their wallets. They only need to submit their wallet address and the network provides all the token information. This function of BCMC ensures that users do not waste much of their time searching for particular tokens, tracking new updates, and deciding on the action to take. Subscribers and investors can access all this information within the shortest possible time and take the necessary steps.
Token Staking:
BCMC also allows users to stake their tokens obtained within the ecosystem. Users can actively participate in the authentication of transactions performed on the network, and receive rewards for them. The percentage reward for staking on the BCMC network depends on the amount of staking time.
Voting Exercise:
A unique function performed on the BCMC platform is the ability of users to engage in voting processes. The network allows its clients to participate in the voting of the best projects released on a specific blockchain.
People IEO:
This is a function the development team of BCMC is working on, which will form part of the network’s features. Users will be able to vote for people IEO.
USEFUL LINKS
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: Nesanens
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767345
Proof of Authentication: https://bitcointalk.org/index.php?topic=5307843.msg56101287#msg56101287
Eth Address: 0xEC77d8EF19da5DC6e60f306B625378aeBeafe9e2