Bitcoin Press Release: Bitun offers its users both personal savings and Investment Bank. The blockchain banking platform uses BUC nativenya tokens and will be listed on the Hong Kong Exchange Coinsuper in April 2018.
April 09, 2018, Singapore - Earlier this year the number one token tracking website Coinmarketcap listed over 1500 different cryptocurrencies and saw the combined total capitalization of the combined digital currency market surpassed the incredible $ 800 billion dollar value. Despite the recent market downturn, the number of tokens to the market has not slowed, and the total market capitalization is expected to continue to rise.
Faced with such exponential growth, the digital asset market is facing something amid the crisis in terms of management and investment. One of the biggest challenges is the substantial disparity between the rapidly expanding digital asset market and the financial infrastructure services currently underdeveloped. It is common knowledge that the basic services of the traditional financial industry are the accounts and asset management services provided by the banking industry.
In the rapidly growing industry of cryptocurrency, digital asset wallets provide all the basic attributes of traditional bank accounts, but with additional transparency made possible through decentralized blockchain technology.
Although these advantages still have many problems with account security, convenience, accessibility and transfer speed token.
Additionally, the sale of the cryptocurrency tokens, (or ICO's) has faced recent mainstream media oversight, investment process issues, and token problem distribution schemes. These problems have resulted in a bad name for crowdfunding and doubts for larger investors to participate in such projects.
Blockchain-based BitUN Bank aims to solve this problem and apply the stability and accessibility provided by all commercial banks. The Hong Kong-based bank acts as a private saving bank and investment bank, providing the most important and fundamental services to both financial markets, came into being.
BITUN, A CROSS - CHAIN ASSETS PRIVATE BANK BASED ON LIGHTNING NETWORK 2.0
Because Bitcoin, Ethereum, and other Blockchain networks implement different network protocols, it has proven to be a challenge to create channels for Lightning network between Blockchain networks with different structures. BitUN, based on the Blockchain CAS network, creatively defines the meaning of the universal protocol - Lightning Network 2.0 that connects Blockchain networks with different structures.
It is a network of digital currency settlement and liquidation that solves the difficult problem of asset and circulation management in many Blockchain networks safely and conveniently. When BitUN is building a lightning network channel, it locks the customer's assets in the original chain through Intelligent Contracts so as to trigger BitUN to execute the Smart Contract extracting its value.
The Intelligent Contract extraction value will trigger a double-entry BitUN system and bookkeeping can accurately record customer assets in the original chain.
The whole process is done through Lightning Network 2.0, which ensures the security of the original chain assets but also greatly improves the transfer speed, at minimal cost. Users can also restore the original chain assets safely through BitUN authorization. All information can be obtained through the Blockchain browser from BitUN to assure the traceability of the assets.
BitUN is also dedicated to building Lightning Network 2.0 into open industry protocols, building the largest cross-chain digital cross-currency transfer and cross-chain liquidation in the world where all assets in the chain can be transferred faster and safer. BitUN recently secured many strategic partnerships with various global digital asset exchanges.
BitUN uses Lightning Network 2.0 to provide total asset management, blockchain network circulation on different chains, providing OTC trading, while linking to global exchanges.
BITUN, ICO STORE BASED ON SMART CONTRACT
Currently, crowdfunding projects in the market are in chaos. The investment process has become problematic. Generally, the investor must transfer the asset to the address whether it is credible or not. The project publisher still does manual accounting for assets and investor tokens.
It is also often impossible for participants to track distribution and disburse plans from tokens. Participants generally have no choice but to trust the founders of the project.
BitUN will aim to integrate investment plans, distribution and token disbursement with Blockchain through reshaping the crowdfunding process with Smart Contract and Blockchain technologies. Token distribution and token liquefaction plans are set before distributing locked tokens on Blockchain through smart contracts.
BitUN also optimizes the entire process where users will have a more secure and faster crowdfunding experience. Furthermore, all token distribution and disbursement plans can be checked through the Blockchain browser from BitUN. Tokens will be transferred to targeting accounts only after they meet sufficient defrosting requirements. The whole process is openness, transparency and decentralization.
NEWS BITUN
March 14th, BUC Bitun ICO token is complete
March 23rd, BUC token released in BitUN
March 27, BitUN, private blockchain asset bank, and Coinsuper, Hong Kong's digital currency financial expert, signed a strategic cooperation agreement. Both parties will take long-term cooperation in various fields such as wallet exchange, customer service etc.
March 28, BitUN signed a strategic partnership agreement with Higgs Mining, the world's best hash mining service. BitUN became Higgs Mining's official wallet.
Mid-April, Bitt token BUC will be released in Coinsuper exchange
AIRDROP
On March 23, 2018, BUC, BitUN tokens and first round Airdrop will begin to be distributed in BitUN App to related users. The second round of Airdrop BitUN is currently underway, and there is still time to get involved.