What Is BIOKKOIN (BKK)?

BIOONINE PTE LTD is a real estate establishment equitized by cryptocurrency, with its underlying currency, BIOKKOIN (BKK). The platform intends to bring users to adopt cryptocurrency-backed solutions for an e-cash economy. Thus, the platform seeks to solve the problem of global financial inclusion. According to the whitepaper, the network seeks to facilitate traders to make the right choice of investments on real estate properties eliminating middle agents and unnecessary charges.

The token gets its intrinsic value backed by a land bank worth over $70 million. The firm seeks to equalize the global real estate space, where participants are encouraged to lend, borrow, and stake in real estate DeFi (decentralized finance).

The platform is based on the Ethereum blockchain. Further, its whitepaper mentions that Biokkoin is the first cryptocurrency seeking to revolutionize the real estate industry and synergies between real estate reach. The coin is peer-to-peer transferable and seeks to be a completely secured digital currency. The payments using the token aim to be traceable and encrypted with a two-factor authenticated login mobile wallet. The platform also seeks to offer users an easy payment transaction by integrating with a secured payment gateway, allowing them to convert real currencies into Biokkoin. So, without complete verification, confirmation, and approval from the blockchain network, the Biokkoin ecosystem does not permit any payment transactions to occur.

Therefore, the BKK token has smart contracts that are computer protocols on the Ethereum blockchain, seeking to enable verification, negotiation, and concluding contracts between individuals and their contracting parties. Subsequently, the token adheres to the ERC20 standard. 

History of BIOKKOIN (BKK)

Biokkoin platform was launched on October 10, 2017, and its whitepaper was released in March 2018. Further, the token's ICO (initial coin offering) was held between January 10, 2019, and December 31, 2019, at USD 15 per coin.

Dr. (CA) Shivaji Walake is the platform's founder, chairman, and managing director. He is a veteran in the real estate industry and has previously served at Citibank as the vice president.

The token's maximum total supply is 18 million.