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BNCoin White Paper (English) 200124
BNCoin White Paper (English) 200124
1. Abstract..................................................................................................................................1-1
2. Introduction..........................................................................................................................2-2
3. Problems in The Market.................................................................................................3-3
4. What Is a Cryptocurrency?............................................................................................3-3
5. What Is Blockchain Technology?................................................................................4-4
6. A New Wave of Cryptocurrency to Keep an eye on.............................................5-6
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7. What Is BN COIN ?..........................................................................................................6-6
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8. Purpose of BN COIN / Features................................................................................7-7
9. Why Use BN COIN🪙?.......................................................................................................8-8
10. BN COIN TECHONOMIC..................................................................................................9-9
11. COIN DISTRIBUTION (Airdrop and Reward Coin, ETC.).................................10-13
12. ICO..........................................................................................................................................10-13
13. ICO Parameters.................................................................................................................11-11
14. Future Use of BN COIN 🪙............................................................................................14-14
15. BN DEX SWAP AND BN DEX WALLET...................................................................15-15
16. Believe Network Space Eco-System Community.............................................16-16
17. Target Audience...............................................................................................................17-17
18. Conclusion..........................................................................................................................18-18
Page 1
INTRODUCTION
Bitcoin's realization of Satoshi's original vision hinges on amassing a substantial
user base. Despite its overall success, the inherent complexity of Bitcoin and other
cryptocurrencies poses a challenge, impeding swift exploration and integration of
crypto innovation for both individuals and companies. The perceived lack of security
and high risk associated with cryptocurrencies renders them impractical for everyday
transactions.
The emergence of numerous blockchain technologies and cryptocurrencies in
recent years has not translated into mass adoption. This is primarily attributed to
inadequate promotion, speculative bubbles, fraudulent activities, and user-unfriendly
interfaces. Additionally, a surge in crypto exchange attacks and other violations has
further eroded confidence in this nascent technology.
The hesitancy of merchants and service providers to accept Bitcoin payments is
driven by concerns over exchange losses, price volatility, and regulatory
uncertainties, compounded by challenges in financial, management, marketing, and
other unpredictable realms. These hindrances limit the global outreach of valuable
features and services within the crypto community. Although crypto holds the
potential to become a global payment method, uncertainties persist. The volatile
nature induced by speculators aiming for quick gains imposes significant costs on
regular consumers seeking currency stability.
In the realm of practical transactions, BN COIN's market platform aims to
facilitate real-life buying and selling activities. With a daily search feature,
neighborhood members, businesses, and users can seamlessly connect on the
platform. This enables providers and companies to effectively market and expand
their product and service offerings, while users can effortlessly discover and
purchase their daily necessities.
Page 2
PROBLEMS IN THE MARKET
Transactions don't need a "middleman" to authorize them; you have your own
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virtual wallet and treat them as your own minimizing circumstances and fees and
eliminating the risk of an organization withholding your funds. Perhaps the best view
of cryptocurrencies is that they are not impacted by world limits. Every country has
the same price, putting everyone on equal. Bitcoin is the first and most popular
cryptocurrency.
Blockchains store data semi-publicly in linear containers. Anyone may verify that
you introduced that information because the container includes your signature, but
only you (or the software) can unlock its contents because you securely possess the
private keys.
Therefore, the blockchain works like a database, except its "header" is public.
The data can be a valuable coin or crypto balance. Due to cryptography, the
blockchain is an alternate value transfer method that no central authority or hostile
third party may tamper with. Public/private hegemony—the blockchain's yin-yang—
ensures public visibility but private inspection. It resembles your home address.
Publicly publishing your home address doesn't reveal its inside. Your private key is
needed to enter your place of residence, and no one else can claim that address.
The blockchain is also a software design technique that connects peer computers
that use the same “consensus” procedure to release or record information and verify
every transaction via encryption.
1. Since the first cryptocurrency (Bitcoin) was introduced in 2009, the market has
seen an explosion of similar digital currencies, each of which has seen a surge in
popularity and value that is expected to continue. The value of cryptocurrency in
general (not just Bitcoin) is expected to rise more this year, and this trend is
expected to continue.
5. DeFi and NFTs: The Decentralized Finance (DeFi) sector continued to expand,
with various protocols offering lending, borrowing, and yield farming services.
Non-Fungible Tokens (NFTs) gained significant attention and were used in various
industries, including art, music, and gaming.
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7. Institutional Adoption: Institutional interest in cryptocurrencies continued to
grow. Several well-known companies and institutional investors announced their
investments in Bitcoin, contributing to the mainstream acceptance of
cryptocurrencies as an asset class.
WHAT IS BN COIN ? 🪙
The BN COIN is a token used in the Believe Network Space Ecosystem to prove
ownership of market benchmark assets. The value of this coin is tied to the market
price of fundamental cryptocurrency assets. Thus, this currency is going to
change and perhaps be reissued more than once. The currency is exclusively
sourced from trades and purchases on the decentralized marketplace,
necessitating sustained public engagement. The influence of BN COIN on investor
decisions, its potential to enhance the appeal of volatile currencies, and its role in
fostering diversified markets highlight its significance.
The reliance of BN Coin on the global community is evident through activities
such as holding, staking, buying, and selling, contributing to the Believe Network
Space Project Eco-System, including ongoing initiatives like the Planet Upgrade
System and upcoming projects such as Universe Project, NFT Royalty, Global
Project, and Galaxy Project.
Payment System: BNcoin allows for anonymous payments from one person to
another in the Believe Network Space Eco-System for all programs, and everyone
can buy, sell, and stake BN Coin globally without joining our eco-system. If he joins
and works with the system, he will get lots of benefits like active income and
passive income forever.
Features
BNcoin is a cryptocurrency, a virtual currency designed to act as money and a
form of payment outside the control of any one person, group, or entity.
There will only ever be 99,999 BN coins.
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The primary goal of BN COIN is to diversify the unpredictable cryptocurrency
industry. This allows investors to invest in the whole cryptocurrency ecosystem without
having coins in separate wallets or exchanges or betting on a specific coin. Due to the
enormous amount of coins on the market, some are worth little. Top-performing coins
may have subjective characteristics, but BN COIN aims to reduce investment risks and
increase profits.
Some coins are highly unpredictable, highly correlated, and have a non-zero
likelihood of unforced failure, thus investors must choose between maximizing
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expected profits and limiting unpredictability. BN COIN aims to maximize the Sharpe
ratio, which is the ratio of predicted portfolio returns to the portfolio standard deviation.
Prevention of Identity Theft: When you give a vendor your credit card, they have
access to your whole credit limit, even if the deal is minimal. The store starts the
payment and pulls the money from your credit card "force" facility. Cryptocurrency's
"push" element lets holders transfer what they need to the vendor or beneficiary
without additional information.
Access to Everyone: About 2.2 billion people with Internet or cell phones do not use
conventional exchange systems. These are Bitcoin market preppers. Kenya's M-
PESA system, a mobile phone-based money transfer and microfinance administration,
currently includes a Bitcoin wallet for every three Kenyans.
Lower Costs: Nowadays, bitcoin exchanges don't charge transaction fees because
the network pays miners. Even though there's no Bitcoin or cryptocurrency
transaction cost, many expect customers to use Coinbase to create and maintain
their own Bitcoin wallets. These firms, like PayPal, improve the situation for cash or
charge card clients by offering an online Bitcoin exchange system, but they may
impose fees. Note that PayPal doesn't accept or move bitcoins.
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BN COIN TECHONOMIC
COIN NAME BELIEVE NETWORK SPACE
TOKEN SYMBOL BN Coin
TOKEN PRECISION (DECIMALS) 18
BLOCKCHAIN Smart Chain ( BN Scan- Soon )
TOTAL SUPPLY 99,999 BN Coin
CONTRACT ADDRESS Soon
DEX (SWAP) BN DEX SWAP (Soon)
Although ICOs are frequently associated with crowdfunding, a private ICO that does not
seek public investment is also viable. Startups employ initial coin offerings (ICOs) to
avoid the regulated capital-raising process needed by venture capitalists or banks.
Ethereum (ETH) was one of the most successful initial coin offerings (ICOs) in history,
raising over $18 million in its 2014 ICO.
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BN COIN aims to provide a platform that tracks the price changes of the top 30 most
mined digital currencies. Furthermore, it aims to produce a highly valuable
cryptocurrency that will provide investors with value for their investment while also
giving information that will allow all investors, even those with an expert understanding
of the cryptocurrency market, to make informed investment decisions. In this regard,
BN COIN intends to generate funds that will be utilized to expand and market the
platform to the cryptocurrency industry and interested investors, bringing more
individuals on board to reap the benefits of this index cap information.
Users of BN Coin will be able to transact and exchange their coins promptly when the
need arises, thanks to Binance technology. Furthermore, with the hope that the market
will continue to expand, coin holders can be confident that their investment will have a
chance to increase as well. Investors will be able to keep connected and informed of
market developments and predicted changes, as well as make judgments on which
currencies to invest in. This will provide a platform for new cryptocurrencies to attract
investors and grow, generating higher returns like existing currencies have done in the
years since their launch.
ICO PARAMETERS
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BN COIN will be pegged on the DEX Pancake Swap first then will be on our own DEX
Swap (Because of Prevention to High Volatility on Centralized exchanges )
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THE TOTAL BN COIN DISTRIBUTED WILL BE: 99,999 BN COIN
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BELIEVE NETWORK SPACE - BN COIN AIRDROP: 5% ( 5000 / 99,999 )
JUST REGISTER WITH US AND GET “0.05 BN Coin”
Also, Your Sponsor Will Gets A “0.025 B-Network Invitation Bonus As BN Coin”
Hurry Up Now This Value Is Limited To 5000 B-Network Coins**()
EVERY MONTH - 10% REWARD COIN WILL BE REALISE FOR OPEN MARKET
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ICO OR PRE SALE - 50% (50,000 / 99,999)
ICO / PRE SALE - COIN PRICE.
AVAILABLE
ICO PRICE PER
PHASE.NO NUMBER OF COINS LIQUIDITY
COIN-USDT
IN ICO
1 12,000 80 960,000
2 9,000 150 1,350,000
3 7,000 300 2,100,000
4 6,000 600 3,600,000
5 5,000 1,200 6,000,000
6 4,000 1,500 6,000,000
7 3,000 3,000 9,000,000
8 2,000 6,000 12,000,000
9 1,200 12,000 14,400,000
10 800 25,000 20,000,000
50,000 75,410,000 USDT
Page 13
FUTURE USE OF BN COIN 🪙
Our primary ambition and goal is to create a cryptocurrency that is adopted globally by
a mainstream audience. Our best chance of getting to that stage is to produce a
platform that is focused on the needs of webmasters and accessible to everyone.
We intend to release merchant tools that will allow webmasters to use BN COIN 🪙for
taking digital payments via their websites.
First of All, Our BN Coin will be Used in Our Believe Network Space Eco-
System Which is running now like in the current project and Upcoming
Projects:
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BN COIN will eventually comprise multiple products related to the financial field.
We will explain briefly them hereunder. A white paper will be published to provide
you with further information before the launch of each product.
Page 14
BN DEX SWAP:
We will Introduce Our Own BN DEX SWAP.
Decentralized exchanges are cryptocurrency platforms that enable peer-to-peer
transactions directly from your digital wallet, eliminating the need for intermediaries.
Dexes like Uniswap, PancakeSwap, dYdX, and Curve facilitate secure and
transparent trading, ensuring users maintain control of their funds.
BN DEX WALLET:
A cryptocurrency wallet is a secure digital wallet used to store, send, and receive
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digital currency like BN COIN . In order to use any cryptocurrency, you will need to
use a cryptocurrency wallet, herein we bring you one of the best cryptocurrency
wallets – BN DEX Wallet.
Going forward, we envisage that the Believe Network Space Eco-System community
will be able to help take part in helping as well as conserving nature in any way
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possible. The public could donate some amount of BN COIN or any other related
currency for a cause that they find appealing to them which would then be used to
fulfill that cause, providing top-of-the-class updates for the same.
Page 16
TARGET AUDIENCE
There is no better feeling than trading with cryptos and discussing this with like-
minded people. As all of our BN COIN 🪙 team members are traders themselves
(required), we know how a trader thinks and acts. We could categorize ourselves as a
part of the target audience. Due to our collective effort and research, we came up with
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three main audiences for BN COIN users. With the rise of awareness about the
potential future of blockchain technology, the number of people who are interested in
diversifying their portfolio with cryptocurrencies has expanded tremendously.
According to an academic study, it is estimated that in 2023, there were over 420
million cryptocurrency users worldwide. This is an 8,000%+ growth rate from 2016
when there were only 5 million users.
The number of active users in cryptocurrency has increased by 39% from January
2022 to January 2023. The monthly average of daily active users (number of unique
sender addresses) was 326.0K in January 2022 and 453.2K in January 2023.
The global cryptocurrency market cap is currently $1.12 trillion. Crypto Potato
predicts that by 2030, there will be one billion users. This number is still growing each
year.
It is quite impressive already and it seems to be a lot, but we are convinced that
this number is an underestimation to indicate how big the interest in cryptocurrencies
is. The study is counting the active users and not the number of users who are
interested but are not active yet. We believe this group of users is not active yet mainly
because of two reasons.
1. The primary reason is that this group of users are beginners and they don’t even
know how to start investing in cryptocurrencies.
2. The secondary reason is that they might also be insecure in the fairly new
cryptocurrency world, hence they haven’t taken any action yet.
This group of people is also our main target and they form the core activity of the BN
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COIN ecosystem.
This whitepaper has been prepared to provide the most detailed information about BN
COIN 🪙 concerning its key characteristics and features, the most important
technologies used in its development, and the risks associated with it.
We have succeeded in finding out and establishing that the Pre-Mine consensus BN
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COIN is based on fact to be more secure, just, and eco-friendly as well as less
difficult to use.
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BN COIN is a new progressive cryptocurrency, which supports an unlimited number
of transactions between different devices at high speed with its crypto mapping
technology, which makes it a viable option for micropayments.
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BN COIN is going to sign contracts with some big players around the world, and we
are ready to take the financial industry to the next level.
Traditional payment system requires efforts to manage and maintain the systems. In the
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case of BN COIN , less maintenance with nearly transaction fees puts up maximum
benefits to the users of BN COIN🪙
BN COIN 🪙 offers not only a decentralized payment mechanism based on the
blockchain but also a sustainable economy that produces, manages and securely
sends/receives a large number of transactions each and every second. Last but not
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least, the BN COIN is just going to be the first leading peer-to-peer cryptocurrency to
manage high-value instant payments.
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BN COIN is more than just a coin. It’s a technology poised to disrupt the entire
payment industry covering peer-to-peer payments and mass payments. It is a
revolution in the realm of peer-to-peer cryptocurrency payments.