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  8. BCoin - World’s First Fiat-Crypto Exchange With An Integrated Digital Payment Solution

BCoin - World’s First Fiat-Crypto Exchange With An Integrated Digital Payment Solution

October 06, 2018
https://www.bcoinsg.io/

This time I will describe the exchange platform BCoin.sg is an established business headquartered in Singapore, with an international presence in more than 8 countries globally. Having already built a successful exchange platform with active users trading tens of millions in trading volume, BCoin consider this the first step towards consumer empowerment. Leveraging on our vast resources and strong network of international partners, we are also developing an entire suite of complimentary services to enable inclusivity and a unified access to the tokenized economy to all market players, be it innovator or investor.


Platform Excellence
  • Trade Engine - Powered by our proprietary high-performance matching engine, BCoin.sg ensures high transaction throughput with millisecond latency performance.
  • Financial Stability – BCoin.sg liquidity is supported by mining operations in Georgia, Ontario and Houston. With the cryptocurrency market constantly plagued by the issue of illiquidity, exchanges supported by mining capabilities are central in providing for this need.
  • Top-level Security – BCoin.sg uses banking-level encryption, tripartite hosting, multilayer and multi-cluster systems architecture to ensure platform reliability and financial security. Furthermore, access to our cold wallet reserve requires simultaneous authorisation over three geolocations.


BCoin are developing a multi-currency wallet to cater for mobility and ease-of-use. The technical architecture of each wallet documentation incorporates banking and industry standards and multi-layered encryption storage systems, unique to each digital asset. 

The BCoin Wallet will be the bridge to a number of services that can be accessed through a single interface, including Token Sale participation, secure storage of cryptocurrencies, and user access to the BCoin.sg Exchange. A multi-currency wallet married with the versatility of mobile devices grants the individual a greater level of flexibility and convenience.


Leveraging on traditional payment channels, BCoin is seeking to integrate cryptocurrencies through an Internet Payment Gateway (IPG) provider – MPay in Malaysia. BCoin are also working with an EMI (Electronic Money Institution) in the Philippines to further advance our e-payment capabilities. BCoin deliver a cutting-edge Crypto Payment Solution that integrates cryptocurrencies into our mobile wallet and make cryptocurrencies spendable in seconds.

Hybrid Token Distribution Model
BCoin Token (BCT), with a fixed supply of 300,000,000 BCTs created. The Token Sale will be held in ETH. In addition to a conventional token offering, BCoin will allocate 5% the total supply (15 million) to Trade Mining. This will be derived from either
  1. Unsold tokens from the Public Sale (if more than 5% of the total are not sold, the difference will be burned.or
  2. From our Development Allocation
Vesting Periods
  • Pre-Sale: 6 Months (20% after 3 months)
  • Public: None 
  • Team: 2 Years (50% after 12 months)
  • Advisors: 20% release per quarter
Tokensale Info
  • Token Price: $0.50 USD
  • Pre-Sale: 40% Discount
  • Phase 1: 20% Discount
  • Phase 2: 10% Discount
  • Phase 3: No Discount
Distributions
  • Total Supply: 300,000,000
  • Pre-Sale: 60,000,000
  • Public Sale: 75,000,000
  • Softcap: $10,000,000 USD
  • Hardcap: $45,000,000 USD
Read more about it in our 
click to zoom out

Token Holder Facility
  • Discounted Fees - A proven utility model, exchange-issued-tokens have proven their worth by reducing trade friction. Users can use BCT tokens in place of fees and receive up to 30% discount on all trading fees.
  • Membership Benefits - Owners of BCT tokens will receive additional membership benefits – up to +30% off trading fees. Compound this with BCT tokens as fees, and receive a whopping 60% discount – maximise your trading profits!
  • Trade Mining - BCT tokens can be mined through trading fees at a rate of 120% – there is only a fixed amount so get in early! A daily limit will be applied to ensure the distribution is just and fair.
  • Community Activation - BCT tokens grants users exclusive access to BCoin.sg polling events and participation in the BCoin.sg Private Listings Clubs. Additionally, BCT is also used as a medium of payment for listing services.

Team

Advisors

Partners

Roadmap

FAQs
General
  • What is the BCT token used for? - The immediate utility of the BCT token is used for reducing trading fees, obtaining additional membership discounts and benefits, accessing community polling events and used as a medium of payment for listing on the BCoin.sg exchange.
  • How can I follow more news and announcements from BCoin.sg? - BCoin.sg has a growing community and social media presence. You can find us on the official @BCoinsg Twitter, Telegram, Facebook, and LinkedIn.
  • How many cryptocurrencies are offered on the BCoin.sg platform? - Users can now trade more than 10+ Cryptocurrencies on BCoin.sg, with more than 60 other projects in the pipeline for listing.
  • Where can I store my tokens? - Tokens can be stored on ERC20 supported wallets. Additionally, BCoin.sg will have the BCT exchange wallet available soon after the end of token sale.
  • What will the native BCoin.sg token be called? - Token name: BCT token | Token Symbol: BCT
Token
  • What Cryptocurrencies do we accept for the BCT Pre-Sale? - We accept BTC and ETH.
  • Who can participate? - Individuals and entities from People’s Republic of China, United States of America, Canada, Cuba, Iran, North Korea, Syria, and the Crimea Region would not be eligible to participate in the sale of BCT tokens.
  • What is the minimum contribution amount for the BCoin.sg private sale ? - Minimum contribution is 10k USD in BTC or ETH
  • Will there be a discount for the Pre-Sale? - 40% Discount
  • What is the recommended Min & Max Gas Price? - Min Gas Price : 5 gwei and Max Gas Price : 50 gwei
  • Where will I be able to buy BCT Token? - Interested parties may send in an email to tokensale@bcoin.sg or reach us via Get In Touch For Pre-Sale.
  • What happens if the funds raised are between the soft cap and the hard cap ? - The project would still carry on, and BCT token will launch as planned on the BCoin.sg Exchange Platform.
  • What is the total token supply? - The maximum total supply of BCoin.sg's BCT token is 300,000,000.
  • How can I receive my BCT tokens from the Pre-Sale? - BCT Tokens will be airdropped directly into your registered BCoin.sg Exchange account at the conclusion of the token generation event.
  • Will there be a vesting schedule for the team? - After Year One 50%, After Year Two 50%
Trading
  • What are the trading fees on BCoin.sg? - Trading fees for BCoin.sg is flat at 0.20% with bonus savings up to 60% for BCT token users.
  • Can a user make purchases with fiat on BCoin.sg? - BCoin.sg has an active fiat gateway thus users can trade fiat for the following cryptocurrencies: BTC, BCH, ETH, ETC or LTC.
  • How can I make an OTC transaction? - OTC trading requires a single order of more than or equal to 200k USD. You may reach our OTC trading team via hello@bcoin.sg

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