Floydvance Floydvance Author
Title: What is bitconnect
Author: Floydvance
Rating 5 of 5 Des:
Bitcoin is a digital currency that is being used increasingly all over the world. Find out more about how it works and how you can use i...


Bitcoin is a digital currency that is being used increasingly all over the world. Find out more about how it works and how you can use it with our straightforward guides.

BitConnect is an open source all in one bitcoin and crypto community platform designed to provide multiple investment opportunities with cryptocurrency education where it is entirely possible to find the independence we all desire, in a community of like-minded, freedom loving individuals who, like you, are seeking the possibility of income stability in a very unstable world.The general answer to “why bitconnect coin valuable in terms of price?” is “supply and demand”. Price discovery occurs at the meeting point between demand from buyers and supply of sellers.Following demand and supply model will create wealth in BitConnect ecosystem as a whole.There are 3 channels in use to self-regulate the ecosystem:

1. COIN SUPPLY CHANNEL( Supply fresh new coins to the bitconnect ecosystem)BCC Mining: Total 2.6 million BCC will mine through miners. BCC mining will continue for 1 year with 10 BCC generated every 2 minutes.BCC Staking: Total 20.4 million Coins will supply through BCC StakingBCC minting will continue until all possible BCC come in to existence and its 28 millions. The minting new coin commence as following interest rate:1st 6 months: 60% (10% per month)2nd 6 months: 50% (8% per month)3rd 6 months: 40% (7% per month)4th 6 months: 30% (5% per month)5th 6 months: 20% (3% per month)6th 6 months: 10% (1.4 per month and ongoing)Remember: Minimum Stake Age is 15 Days which means you require to hold BCC minimum for 15 days to start receiving minting blocks. The frequency receiving blocks depends on your stake weight.

2. COIN DEMAND CHANNEL 
(Creates demand in the ecosystem)
BitConnect lending platform 

BCC Staking

3. COIN DISTRIBUTION CHANNEL ( Coin Distribution and price discovery occurs at this point)

BCC trading on exchange platformsFor BCC EXCHANGE Visit Here!!: BCC EXCHANGE INFO

Advertisement

 
Top