- Jan 20, 2018
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Website: https://btk.community
Telegram: https://t.me/joinchat/HLlnQw9SOw6HzYIehZOCMw
Twitter: http://www.twitter.com/bitcoin_token
Reddit: https://www.reddit.com/r/BitcoinToken/
(Note: This announcement is an abbreviation of our official whitepaper: https://btk.community/bitcointoken-whitepaper.pdf )
BitcoinToken is a de-centralized Currency on blockchain technology. Open Source. Community run and maintained. It is a currency ultimately owned by the people who posses it, a financial system owned by individuals not a large entity.
BitcoinToken is not an ICO but a radical step towards repeating and improving the legacy of the original Bitcoin in creating a de-centralized currency, by the people for the people. Unlike other cryptocurrency ventures that seeks to sell all or almost their entire tokens during their ICO, BitcoinToken is designed to be majorly distributed as awards to adopters for maintenance and continual improvement of the project. The remaining large portion of tokens are to be airdropped freely. This again is another attempt to start a movement of a crypto community that can not be controlled by major donors or financial investors but each person of the community adds the value to the currency. Instead of nodes it is people. Instead of business decisions, it is a passionate individuals adopting a new way of thinking and transferring money through blockchain technology.
A NEW SOLUTION NEEDED
With larger adoption Bitcoin has run into problems like scalability, its price-point is daunting to investors or for common day usage. Mining prices to sustain the network have become astronomical in energy consumption. The time and fees of the TX have made the currency un-usable for day to day transactions with waiting periods of up to 30 minutes or longer. These; among others, are the problems that inspired the creation of (BTK) BitcoinToken. Despite the challenges associated with bitcoin, a lot of investors still want to participate in its market. To this end, BTK is introduced as a platform for easy, fast, affordable and efficient use of bitcoin. The solution is centered around giving people (BTK community) the ability to comfortably use bitcoin through a scalable alias – BTK.
OUR VISION
One ailment of the crypto-currency world is over technicality and confusing jargon. We believe that blockchain technology can be delivered to a larger user-base with simplicity, and less confusion. BitcoinToken is striving to be one of the leaders in adoption for everyday use of digital currency. We intend to simplify and bring the powerful peer to peer ledger system into the hands of every day people who will utilize it everyday transactions. Our vision to accomplish this is to put the community and people first. We regularly speak of ourselves as a community currency and enjoy the simple comments and interactions of new users to blockchain technology. We allow them to dictate how we should make things easier and more effective for their use. We also are community run and desire to set the framework of an open source system where this currency will perpetuate with the community in control not a large investor or any larger centralized entity. We desire for BTK to remain and continue as a decentralized currency for the people.
OBJECTIVES
E-commerce Applications
BitcoinToken is looking to make the bitcoin currency easily transferable and liquid-able for purchasing power. We are already in talks with various companies that we believe are spearheading the way forward to integration with all major existing e-commerce online platforms. The current TX rates can be as low as .2 cents, so this makes our solution strongly competitive with Paypal or Stripe who charge 2.9%+ for each transaction of money. So our goal is to have BitcoinToken available to be used by small businesses or websites as method of payment or donation to transfer funds.
Technology Upgrades
BitcoinToken is to provide a stable cryptocurrency that will be trusted and adopted. We are currently utilizing the Ethereum blockchain as we have started an ERC20 token under their system. Our circulation of tokens is 10 billion with a decimal point of 18 and our contract address is: 0xdb8646f5b487b5dd979fac618350e85018f557d4. The Ethereum platform is trusted and utilized by very large companies and is a very forward thinking blockchain. We have discussed amongst developers the need to continue to evaluate the long-term durability of the ETH blockchain and if we need to start our own blockchain. So we have not closed the door to this possibility depending on the adoption rate of BitcoinToken and it’s scalability issues.
Educating Users
BitcoinToken is very sensitive to the need to educate people on blockchain technology in a simple user-friendly fashion. This objective is close to the heart of the project in putting people and their needs first in ensuring adoption of the technology is easy and even fun. Our platform is open source and also spreads further education and forward thinking of the blockchain technology, spurring on innovation.
World-Wide Community
BitcoinToken since its foundation has been a world-wide currency. Developers from many countries, advisors, innovators and volunteers on social media have been from varied parts of the world. This has become part of our DNA to cater to the needs of translation work and adoption of blockchain technology in countries all over the world. This is another way that blockchain technology is disrupting the financial sector is that it is rewarding not only the rich but poor in any part of the world. We are excited to have team members joining from all walks of life and social status to be a part of BitcoinToken.
Usability
BitcoinToken will make blockchain technology less daunting for the end user and give people renewed confidence in this pioneering way of transferring funds through a peer to peer digital network. From our custom applications to partnerships with like-minded teams, we are seeking to make this technology as user-friendly as possible.
read our full announcement here: http://www.altcoinstalks.com/index.php?topic=7580.0
