Hello Steemit community! We would love to tell you the project we are currently working on:
Do you like beer? Do you like crypto? Then this is the perfect thing for you!
We are a start-up based in Bavaria (Bayreuth), Germany and we are creating the worlds first cryptocurrency that can only be mined by drinking beer!
What is it?
The Beerchain Beercoin (BCBC) is a standard ERC20 Ethereum token with a twist. It can only be mined by scanning QR-Codes inside of beer bottle caps. There are four kinds of QR-Codes: Bronze, Silver, Gold and Diamond. These different coins all have different values and vary in scarcity.
The Bronze coin gives the user 1BCBC, the Silver coin will have a value of 10BCBC, Gold will be worth 100BCBC and finally the Diamond coin will give the user 10,000BCBC. These coins will also have different chances of being in a bottlecap: Bronze (90%), Silver (9.9%), Gold (0.09%) and Diamond (0.01%).
Why use it?
Besides being the first of its kind the Beercoin will be advantageous to the users as well as the Breweries supporting it.
The users will be able to not only treat Beercoin like a standard crypto (trade it, sell it, hodl it), they will also be able to support their favorite breweries by buying Merchandise or beer with it through our App. The App will also let the user donate their Beercoins to local charities, and so enabling the user to give back to his or her respective community.
Breweries will be able to use Beercoin as a marketing tool as well as for tracking user statistics. The Beercoin app will ask the user for some of his or her data (can be disabled) and will sell this data to the Breweries once it is bundled and anonymized. This data will include things like approximate age, gender, type of beer, location and the advertisements that were shown to them. Breweries will also be able to sell their merchandise and beer for Beercoins.
Why does it work?
We will have one standard beer which will be the “anchor” for the price of the Beerchain Beercoins (BCBC), one standard beer will always be worth 100BCBC. This means that our crypto will be extremely stable since it is bound to, and backed by, a consumer good. We will also use part of the funds generated by ad revenue to buy back and burn Beercoins as a further measure of stabilizing the price.
Where we are at.
We have just finished programming the money and had our first Airdrop with around 3500 users. Currently we started talks with breweries and are hoping that we will finish this phase as well. Well then I hope the rest of you are having a great day with a nice and cold beer. Cheers!