What is Bitcicoin?
BitciCoin is a groundbreaking digital asset in Turkey that brings together several ecosystem platforms and operates on its own blockchain network. The platform provides fast and secure transaction services to its users and is the mainnet (fully developed) coin of the BitciChain blockchain. BitciChain is a digital network that combines payment and stock exchange services with blockchain technology, allowing users to create smart contracts and tokens.
At the heart of BitciCoin is its goal to provide a centralized hub for crypto asset management, smart contracts, cryptocurrency storage, and asset transfer services. The platform also aims to offer real estate tokenization, fan tokens, blockchain network-related services and products to its global audience. With the BitciChain network, BitciCoin intends to support public and private sector operations in the future. To ensure data security and safety, the platform uses the proof of authority (PoA) consensus mechanism. The BitciCoin represents the value of the BitciChain blockchain and the services and products offered in the Bitci Ecosystem, which is an umbrella of blockchain applications that includes BitciChain, Bitci wallet, and more.
Bitci is the native token of BitciCoin. The token allocation of Bitci includes 10% for marketing, 5% for seed funding, 0.65% for advisors and team, 1% for development, 0.35% for Surver, 4% for private sale, and 79% for token burning. Token burning is a process in which a portion of tokens are sent to a wallet with no private key, making them permanently lost and reducing the availability of tokens to increase market value.
BitciCoin was launched in 2020 by BitciChain along with its explorer, wallet, and exchange listing. Çağdaş Çağlar, the founder of BitciCoin, is a seasoned businessman and entrepreneur with extensive experience in end-user products, the blockchain ecosystem, energy, and other industries. The team also includes Burak Çağdaş ÇAĞLAR (chairman), Onur Altan Tan (CEO), and Metehan Karadan (CFO). The maximum supply of BitciCoin is 100,000,000,000 BITCI tokens.
BITCI operates on the BitciChain network, a decentralized network that provides various blockchain-based services and products to its users. BITCI, as the native token of the BitciChain, is used as a medium of exchange within the Bitci Ecosystem, where users can buy and sell various products and services offered by the BitciChain network.
One of the main features of BitciCoin is the Proof of Authority (PoA) consensus mechanism, which ensures the security and safety of the BitciChain network by using authorized nodes to validate transactions. This consensus mechanism also enables fast transaction processing times and low transaction fees, making BITCI a suitable token for day-to-day transactions.
BITCI tokens are also used for governance purposes in the BitciChain network, giving holders the right to participate in decision-making processes such as determining the use of the treasury, fee parameters, product features, etc. This helps to align the interests of all stakeholders in the BitciChain ecosystem and incentivize the growth and development of the network.
The primary purpose of BITCI is to serve as a hub for various crypto asset management systems, smart contracts, cryptocurrency storage, and asset transfer services within the BitciChain network. BITCI also offers real estate tokenization, fan tokens, and other blockchain-related products and services to its worldwide users, making it a versatile and valuable asset for various purposes.
BITCI also aims to provide public and private sector operations on the BitciChain network in the future, making it a valuable tool for businesses and individuals alike. By using BITCI as the native token of the BitciChain network, the platform can offer a secure, reliable, and seamless experience to its users while also providing a means of value exchange within the Bitci Ecosystem.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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