For all the relatively short time of the existence of block projects, we have encountered many different kinds of start-ups aimed at solving problems, most of which are related to centralization, through the decentralization of these areas. More often than not, they were related to the financial sphere and payment systems, but there were also projects that offered solutions in the fields of education, medicine, advertising, e-commerce and many other areas.
To implement their plans, teams of projects, consisting of professionals in their field and technology of blocking, conduct ICO - Initial Coin Offerings (in the process of which they sell tokens produced in the framework of projects). The main purpose of the ICO is to form an audience of participants and to raise funds for the further implementation of the project idea. Although, some of the block projects also rely on the investment of large investors, not related to the participation in the crowdsdale.
The project that we will talk about today is called Bitcoin Origin , and it will definitely be an exception to the rules, as ICO is not planned at all, despite the fact that coins will still be produced, as they will become an important part of the concept itself , which is developed by the creators of the project.
The thing is that the project fund will become self-financed - the founders of Bitcoin Origin are so confident in the success of their project that they decided to invest only their own funds, not relying on ICO, like most other block-start-ups. On the one hand, this can have negative consequences, because in this way the team partially limits itself from the audience of potential customers.
The thing is that the project fund will become self-financed - the founders of Bitcoin Origin are so confident in the success of their project that they decided to invest only their own funds, not relying on ICO, like most other block-start-ups. On the one hand, this can have negative consequences, because in this way the team partially limits itself from the audience of potential customers.
In the first one we decided to tell about the very idea of the Bitcoin Origin project to understand that it is so unique, profitable and effective that its creators were so confident in its success.
The idea of Bitcoin Origin
The purpose of the Bitcoin Origin project is to launch the world's first crypto-penta plug on a serverless server, similar to binary options, in which the "fork" scheme is used to perform financial transactions with fiat currencies, like dollars, euros, etc., in order to guarantee profit.
Bitcoin Origin will become the main competitor of the Proof of Work (PoW) concept, on which the overwhelming majority of crypto-currency mines are built. Thanks to this, the project developers will be able to achieve a more efficient, cost-effective and, most importantly, environmentally friendly solution, because, as you know, mining using equipment through Proof of Work seriously harms the environment.
As is known, over time, the mining of Proof of Work has lost its profitability, and the purchase of equipment for mining has ceased to justify itself. The fact is that the equivalent amount that can be obtained at the expense of mining of crypto currency has barely covered the cost of equipment and payment for electricity, so the mining of bitcoin, other popular crypto-currencies and, especially, of minor altcoins has become unprofitable.
The Bitcoin Origin penta-plug, that is, a crypto-currency plug that includes 5 different items, will consist of five main crypto-currencies - Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, each of which works on the Proof of Work concept. The creators of Bitcoin Origin have developed their own mechanism called Proof of Ambassador, and holders of these crypto-currencies will be able to earn Bitcoin Origin (ORI) tokens in proportion to the dollar equivalent of the value of their crypto currency - BTC, BCH, ETH, LTC and DASH.
To ensure that the Bitcoin Origin crypto currency pin turns out to be the most efficient, specially allocated smart contracts will be responsible for the distribution of ORI tokens, tied to the cost of each of the five Crypto-currency in dollars at the time of the transaction. Thanks to this, Bitcoin Origin members will receive a proportionately reward in an honest, transparent and maximally profitable manner.
In the next part of the Bitcoin Origin project overview, we will describe in more detail the essence of the so-called "plug" and the history of its use , as well as how the environment will be preserved through the use of a crypto currency plug.
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