As cryptocurrency continues down its volatile path, developers are continually trying to create a truly non-speculative digital currency. In the beginning of 2018, for example, the total market cap of the space climbed to nearly $800 billion before abruptly falling back down to just over $400 billion in January alone. This degree of volatility makes digital assets, tokens and coins difficult to trust, let alone trade frequently and invest in long-term.
Some critics say that the high volatility points to a coming crash similar to that experienced in the beginning of the dot com boom. This uncertainty has prompted developers to attempt to come up with ways to scale blockchain technology into the mainstream, and without a more stable price that traders and investors can trust, this task is much less realistic.
The idea of a less volatile class of cryptocurrencies has led to the development of digital currencies that are backed by pegged, real world assets. Here is one of blockchain project that issued a native cryptocurrency backed by real assets, alcohol drink, namely BeverageCash (BC) Token.
What Is BeverageCash?
BeverageCash is a decentralized solution whereby the real sector of economy and cryptoworld have been merged. The application has been developed to address the key problem of cryptocurrency price instability, and marries the trading process on an innovative platform with unique functions.
Starting with the beverage market, BeverageCash decentralized platform is a makeplace for trading commodity tokens that are backed by alcoholic drinks. The envisaged ecosystem is supposed to connect private and institutional investors, traders, manufacturers, collectors, wholesalers, experts, buyers, etc.
Within the platform, alcohol manufactures, sellers, collectors will be able to place bids (bottle, box, etc.) that will be represented by Beverage Token (BT). The platform will also employ a Beverage Coin (BC) that will be used for transactions, fees and commissions on the bevarage.cash platform.
The price of Beverage Coin (BC) will grow with time and volume, just as the wine becomes fine with time. The investors are allowed to make long-term and short-term investments, and in addition, the orders of lots can be delivered to any address at any time. The lots transfer of ownership will occur on the blockchain records but they do not have to physically move from point A to B.
BeverageCash Platform Features
BevarageCash platform is the exclusive combination of features, design and social elements that truly sets us and our solution apart from the competition:
- Easy-to-Use: This platform is simple and accessible to all users.
- Social: The members of the community such as leaders, collectors, and experts are given rewards for the - achievements, recommendations that will come from the award fund through the smart contracts.
- Security: The platform is secure from mistreatment and fraud of its users and investors.
- Instant Payments: The payments on this platform are instant. After the transaction, money is sent to the participants through smart contracts.
- Transparency: Since all the transactions are made on the blockchain system, they are always secure and transparent.
- Localization: The ability, with the help of geolocation, to allocate lots and users nearby, contact them using an integrated messenger and, if necessary, meet for the transaction.
- Inability to Manipulate: The rating of trust– unique solution which excludes any manipulation.
BeverageCash Market Segmentation
Investor:
For investors, the purchase of highly liquid assets insures their crypto-cash capital from losses and brings profit. Investment portfolios with the greatest profit will be awarded with the investment trust cup from bronze to platinum.Crypto Trader:
Traders have the opportunity to speculate in the market without having to buy a lot. They are awarded different statuses for the most active and profitable work - from a beginner trader to a guru.Alcohol Manufacturer:
Manufacturers of alcoholic beverages are able to sell their produced alcoholic beverages on the platform.Alcohol Collector and Seller:
They have the opportunity to trade their alcoholic beverages on the platform.Alcohol Expert:
Experts assess the quality of drinks, their potential price, taste, rare beverage, publish opinions, tasting reports, awards and other information. Depending on the level of trust and activity, they receive payment for their publications from the prize fund.Consumer:
Consumers buy drinks for further transportation to the specified location.Advertisers:
Any of the participants in the alcohol market and related areas can advertise their products on the platform. The advertising fund is distributed among the most active participants.Third Party:
Third-party developers have the ability to create applications for any device using the API.
BeverageCash Token (BC)
Beverage Coin (BC) is an ERC20 standard token on Ethereum Blockchain. The token will be used for transactions, fees and commissions on the bevarage.cash platform. The fact that the platform has a social feature makes it a great component for success since it is made to satisfy various participants in the alcohol market and the crypto community.
A total of 97,776,705 BC will be issued. 65% of the total tokens have been allocated for the open market while the organizers will get 29% and the rest goes to bounty marketing and the advisors. In the Q4 of 2018, the platform will conduct its pre-ICO and ICO token sales. The same period will also see the placement of Beverage Coin (BC) on exchanges.
For more information about BeverageCash, you can visit the following links:
Website: https://beverage.cash
Whitepaper: https://beverage.cash/WhitePaper.pdf
Facebook: https://web.facebook.com/beveragecoin/?_rdc=1&_rdr
Twitter: https://twitter.com/BeverageCash
Telegram: https://telegram.me/BeverageCash
ANN Thread: https://bitcointalk.org/index.php?topic=4560096.0
Author: Binar Bumi
Bitcointalk Profile : binar234