BetCoin ICO and Token Sale Review
Betcoin is a cryptocurrency ecosystem with three primary components – a cryptocurrency debit card, a multicurrency wallet, and a native cryptocurrency exchange. Each of these peripheral systems works together to build an environment where spending cryptocurrency is as simple as using its fiat counterpart. The purpose of Betcoin is to create an ecosystem that makes it easier to transfer cryptocurrencies, facilitates routine purchases, and offers a single wallet to store multiple currencies. The ultimate goal is to create a digital economy that offers a consistent experience to users around the globe.
How does it work
Betcoin’s cryptocurrency wallet is the first part of the ecosystem where users can send, receive, transfer and store multiple cryptocurrencies in this wallet. The cryptocurrency debit card is the most critical part of the ecosystem. Using betcoin’s wallet app, users can transfer any amount of cryptocurrencies to their debit card. Betcoin utilizes a Smart Comparison Matrix of processing cryptocurrency conversions. Finally, cryptocurrency exchange will be introduced which will offer easy fiat to cryptocurrency conversions and vice versa.
At Betcoin, a simple one-click interface is presented for the users. It offers a native wallet application with support for multiple cryptocurrencies. The user can transfer any of the supported cryptocurrencies to his wallet. In case of multiple cryptocurrencies, that user can select a preferred cryptocurrency for real-time usage. Once the wallet is loaded, the user can start it for regular purchases. For better flexibility, we allow the user to convert cryptocurrencies to fiat in advance and store it in our wallet.
At the backend, we work with multiple third-party services for cryptocurrency to fiat conversion, choosing the one with best conversion rates. Betcoin will maintain a liquidity pool to process transactions instantly. This poll will include both fiats as well as supported cryptocurrencies.
- With Betcoin debit card, users can purchase groceries with their cryptocurrency returns.
- The debit card can be used to pay all types of utility bill payments.
- Online shopping can also be made using Betcoin debit card which includes two-step verification process for security.
- With MasterCard’s partnership, ATM withdrawals can be made using a debit card.
- Betcoin cryptocurrency wallet app supports multiple cryptocurrencies which include Bitcoin, Ethereum, Litecoin, Ripple and Dogecoin.
BETC Token Sale
BETC will be the primary currency for Betcoin cryptocurrency exchange. BETC is an ERC20 compatible token which supports blockchain wallet and the total supply of the same is capped at 125.5 million BETC tokens. Betcoin will conduct a token crowdsale to raise funds for the project. Betcoin will burn all the unsold BETC token at the end of the crowdsale.
- Start Date2018-05-15
- End Date2018-06-28
- Payment MethodBTCETHUSD
- Total Supply125500000
- SectorBankingBusiness Services