With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Bincoin, a decentralized cryptocurrency payment system that was created cryptographically which run on an open source software has arrived and it is not being controlled by any entity.
"Cryptocurrencies and blockchain technology arrived on time. Our world is rapidly shrinking, and the distance is not a problem anymore in most cases. People from all over the globe are able to communicate regardless of borders. Local markets are opening up, goods and services from around the world penetrate them. Consumers need some payment instruments that could serve the global market at the appropriate level: with sufficient speed, at an adequate price, while being reliable and safe.
In the current state, traditional payment systems hardly cope with their work: the speed of operations is low; transaction cost depends on many parameters and is generally high. The widespread transition from cash to cashless payments leads to an avalanche-like expansion of payment system industry. Increasing complexity, reduced security, control and support of channel performance, network nodes and data centers require some serious resources."
With that being said, the Bincoin cryptocurrency payment system is not govern by any government or bank and Investors can use services to divide their investments between various services like P2P loans, Merchant Gateway , Crypto Exchange, etc.
But before we go any further, please check out this video presentation to get even more acquainted
What exactly is BINCOIN?
As depicted above and as indicated on the official website of Bincoin, Bincoin is a decentralized cryptocurrency payment system that was created cryptographically which run on an open source software and it is not being controlled by any entity. The Bincoin cryptocurrency payment system is not govern by any government or bank.
BINCOIN users and members can easily engaged in several services within the platform such as merchants gateway, p2p loans, exchange of crypto-currency and lots more
BINCOIN has makes it a point of duty to protect the investment and funds of its users through the adoption of its own wallet within then platform. Users will be able to access their wallet anytime they want because it is designed in such a way that users have full access to the private key of the wallets should incase any hacks or attacks happened, customers funds will always be safe. BINCOIN wallet will be the most secured wallet free of hacks and attacks. I believed we have all seen the hacks and attacks that really to some crypto-currency exchanges few weeks ago. This is why BINCOIN will be using advanced security system to safeguard the funds and assets of its customers.
BINCOIN transaction doesn’t required any permission or involvement of third-party services simply because everything runs on a blockchain network through the use of smart for complete automation of every transaction. Transaction detaios are been kept and recorded on the blockchain network which is why BINCOIN will be the best in terms of trust and transparency.
Within the BINCOIN ecosystem is the introduction of crypto-currency exchange in which members will be able to exchange their tokens for FIAT or another token of their choice. This is a great feature which has been lacking in other project of this kind. This feature and many other mentioned above will make BINCOIN the best and outstanding of all others out there.
BINCOIN has also developed its own token so as to make transaction and payment easier for all its users and there are lots of benefits such as low withdrawal fees to be enjoyed for holding this BINCOIN token.
Token Details
Token Ticker: BINCOIN
ICO token supply: 50,000,000 (50 Million)
Pre mine Tokens: 100,000,000 (100 Million)
Blockchain Protocol: CryptoNote
List price of BINCOIN: 1 BINCOIN = $0.10
Difficulty Retargetting Algorithm: Crypto Night Algorithm
Mineable Tokens: 10,000,000 (10 Million)
Blocksize: 4 MB
Soft Cap: 5000000 (est. $5.0m)
Hard cap: 20 000 000 Tokens (est. $20.0m)
Mining Block Reward: Up to 0.03 BIN / Block mine
TOKEN DISTRIBUTION
30% Allocated to Marketing Tools
15% Allocated to Infrastructure and Software
12% Allocated to Legal
8% Allocated to Reserve
FUND DISTRIBUTION
20% Allocated to Infrastructure
25% Allocated to Bonus Allowance
10% Allocated to Development
10% Allocated to Reserve
5% Allocated to Legal
Token Sale Stages
You Don't Need Permission
Free Access to banks and Visas are completely at the carefulness of the banks. There are over a billion people on the planet who don't approach a financial balance. Other individuals are level out rejected from opening a record.
Quick International Settlement
As long as you keep your private keys secure you can get to your cash every minute of every day. Bincoin is a worldwide installment framework that never quits running and isn't restricted by "business long stretches of activity."
There are No Spending
Bincoin doesn't have any spending cutoff points which implies you can send as much cash as you require Though banks need to confine buys and withdrawals with every day spending limits.
ROADMAP
Till next time…
For more information, please visit:
Website: https://bincoins.io/
Telegram: https://t.me/BINcoinOfficial
ANN Thread: https://bitcointalk.org/index.php?topic=5120167.new#new
Facebook: https://www.facebook.com/bincoins/
Twitter: https://twitter.com/BINcoinOfficial
Reddit: https://www.reddit.com/r/BINcoin/
Steemit: https://steemit.com/@bincoin
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
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