What Is a Bincentive Token (BCNT)?
Bincentive is a platform that offers up-to-date trading and security knowledge. The platform seeks to connect conventional finance to digital items. The whitepaper states that Bincentive aims to be an inter-exchange smart trading ecosystem. The ecosystem seeks to link artificial intelligence, blockchain technology, mirror trading, big data, and personal hedge funds.
The current market does not have an efficient trading platform that can offer a secured atmosphere for crypto traders and a profit-sharing service all through diverse crypto exchanges. Bincentive platform is a solution to these problems that aims to redefine the trading environment of crypto by building a transparent ecosystem.
Bincentive aims to offer its members an opportunity to trade without any expert knowledge or expertise as they only need to follow trading signals by experts. Experts transfer signals to the exchanges directly via the Bincentive platform to seek to carry out contracted trades any time they want. Also, trading experts get a chance to select their own remuneration terms, and traders can choose the smart contracts and trading experts that are appropriate as per their requirements. Both of them aim to receive benefits from the profit-sharing system of Bincentive. It also aims to help in examining the financial performance of the experts through unbiased and transparent data created on blockchain technology. The platform seeks to provide a value creation ecosystem in which it produces profits and trades reward tokens from the cryptocurrency market for different incentive programs.
The utility token of the Bincentive platform is BCNT which is built on the Ethereum network. A smart contract protects BCNT without any gap. The token release of Bincentive involves two types of tokens, BCNT and BCNP.
BCNT aims to be considered the official mirror trading token. BCNT can be used by the members participating in the mirror trading services to trade and extract BCNT tokens on the platform. On the other hand, BCNP aims to be considered a premier token provided as a reward airdrop coin and offered only at the time of public presale.
The price of BCNP is lower than BCNT to influence token presale.
History of Bincentive Token (BCNT)
The establishment of Bincentive took place in 2018. Chao Ming Cho is the CEO and one of the cofounders of the Bincentive platform. Cho is a serial entrepreneur with experience in technical and business development in software as a service (Saas), stochastic signal processing, blockchain applications, and multimedia communications. Another cofounder of the platform is Simon Chang, a senior IT and business executive in global financial institutions.
The maximum total supply of BCNT tokens is one billion.
