BIONIC (BNC) ICO Review – ICO Token News
What Is Crypto Currency All About?
Each Blockchain is associated with a cryptocurrency (also called a token). The most well-known is the Bitcoin, a currency invented by Satoshi Nakamoto in 2008. Today, there are several hundred different digital currencies.
They all share the common trait of being a virtual means of exchange, not based in any single state, as opposed to the Dollar or the Euro. They circulate via peerto-peer networks, based on cryptographic algorithms, and are not necessarily intended as a payment system between users. The number of units in circulation and the maximum money supply are defined in advance and visible to all. Until proven otherwise, cryptocurrency cannot be counterfeited or stolen. It is possible today to define several separate families of cryptocurrency, which are adapted to the objectives of the communities who use them:
- “Infrastructure” currency: the type of currency likely to bring about the most profound changes, whose ambition goes far beyond being a simple means of payment, and which has the objective of offering a real alternative to the existing financial system. Examples: Ethereum, NXT, Ripple…
- “Social” currency: currency created to allow the easy exchanges of small financial amounts between web users (“social tipping”), on existing social networks in particular.
- Alternative currency: broadly inspired by Bitcoin, these currencies attempt, via technical innovation, to function either more easily, more securely or more rapidly, for example by reducing transaction verification times. o Examples: Litecoin, Digibyte…
- Anonymous currency: currency created solely to serve as a purely anonymous means of payment, protecting both the user’s identity as well as their transactions. o Examples: Monero, Bytecoin…
What Is Blockchain?
The blockchain is a software innovation for establishing digital trust between users facilitating transactions of value, over a network. The blockchain enables trust to be distributed throughout a network, without the need for a central intermediary to track, verify and approve the digital exchange of value. The notion of authorizing trust from a central intermediary currently underpins both private and government institutional structures, however this is proving to be costly, slow, and also vulnerable to attack. The blockchain overcomes these issues by operating as a decentralized distributed database, maintaining a continuously growing list of records called blocks.
What is Smart Contracts?
On-chain computer code or “Smart Contracts” are computer protocols that facilitate, verify, and enforce the performance of a contract making a contractual clause unnecessary. Smart contracts often emulate the logic of contractual clauses. Smart contracts can exchange money, property, shares or anything of value in a transparent, conflict-free way, while avoiding the services of a middleman. Ordinarily, a process would require payment to a middleman, government agency, bank, lawyer or a notary, and then a processing time before the receipt of goods or services. However, with smart contract technology it can all be automated. Smart contract technology can be compared to an automated vending machine. With a vending machine, money is deposited into the machine and the desired item drops for collection, if the correct amount is deposited. In comparison, with a smart contract, the money is deposited into escrow on the blockchain for a receipt of a transfer of a token (e.g. a digital certificate of title for a house), which is instantaneously transferred into a counterparty’s control once the conditions are met. Smart contracts not only define the terms and conditions around an agreement in the same way that a traditional contract does, but it also provides enforcement of those obligations.
Why Blockchain It Was Adopted For Bionic?
BIONIC is built to operate on blockchain technology and it will be available on a blockchain. BIONIC will be accessed as a DApp (Distributed Application). Our core reason of adopting blockchain technology in the development of BIONIC is to provide a decentralized infrastructure that is stable, secure and completely scam free for all the involving parties. This also helps in achieving our set goal of community-based system, which builds community spirit and make them the chief controller of the market environment.
What Makes Bionic Unique?
BIONIC provides a secured platform for storing and processing digital transactions in a secure and transparent way – absolutely SCAM FREE. Our system is based on the Ethereum blockchain application platform implemented by Private Instant Verified Transaction. Our protocol does what Bitcoin cannot do, it converts publicly viewable PIV into anonymous PIV therefore, and whenever users want to spend his/her token i.e. sending from User A to User, the token will be received without history of where the PIV originated from.
The BIONIC token smart contract is programmed to mint up to 1Billion compliant ICO tokens. The mint token function will create the designated number of tokens and transfer them to the ETH address provided. After the ICO, no other BNC tokens will ever be minted, and all unsold tokens will be burned.
If you would like to grab more information about ICO investment then read the ICO planning guide for its better understanding.
- M. Taher CEO & Founder
- B. Ali Co-Founder & Engineering blockchain
- M. Lakhdar Designer
- J. Khalid Web Developer
- 1June 2018
Launching of BIONIC (AIRDROP, ICO period)
- 2September 2018
Develop a Windows Wallet - Listed on Exchange (Binance ,Bittrex, Liqui...)
- 3October 2018
Android / IOS wallets Target: Top 200 on CMC
- 4March 2019
More features (Partnership with banks and create our Bionic Mastercard) Target: Top 50 on CMC
- 5May 2019
Bionic Special Event Target: Top 100 on CMC
- 6July 2019
Build our exchange platform including BNC / BTC , BNC / ETH
- 7September 2019
Partnership contracts with electronic companies (Google / LG / Apple / Samsung)
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