What Is Burency (BUY)?

Burency Exchange is a regulated cryptocurrency platform that addresses key challenges associated with these digital asset exchanges, including security issues, liquidity concerns, and traditional crypto conversions. Furthermore, full regulation may result in a higher volume of transparent transactions, thus, preventing liquidity challenges. 

Burency is also dedicated to making the trading of cryptocurrencies simple, accessible, transparent, and attractive to experienced funders and first-time traders. The Burency platform is not only a hub for transacting cryptocurrencies and facilitating blockchain adoption globally. It has also been designed to overcome challenges associated with current crypto exchanges. Safety, robustness, transparency, and exceptional security are some of the project's core features. 

According to the website, the Burency ecosystem is governed by the BUY token, an ERC-20 type token. It acts as the fundamental unit of the exchange, research, development center, and cloud mining contract marketplace. BUY is the native token of the Burency ecosystem. Users rent and use cloud computing power to mine a cryptocurrency, such as Bitcoin, without installing and running the necessary hardware and software in cloud mining. 

With Burency, users can purchase cloud mining contracts within mining facilities to generate cryptocurrency using the BUY token. Additionally, computational power can be purchased using the BUY token, which governs all purchases on the Burency ecosystem. Cloud mining contracts are available to fulfill cryptocurrency mining tasks and computational tasks like processing large data sets through powerful mining and data centers. 

The Burency mining facility addresses some challenges associated with crypto mining, such as environmental destruction and excessive mining power expenses through its sustainable-powered mining facility. Burency also aims to provide private mining farms service for those who want the best crypto mining experience. Located in cold climates, mining facilities help to reduce the cost of heat dissipation, thereby reducing mining operating expenses related to power consumption. 

The Blockchain Development Center at Burency focuses mainly on advising businesses on Blockchain applications and implementing their business transactions on the blockchain more efficiently. The center aims to develop smart contracts that enable businesses to engage in cross-regional and cross-jurisdictional trade as part of its mission.

History of Burency (BUY)

Burency was founded in 2018 and is based out of Dubai, UAE. Ramy AlDamati and Mouayad Yousef are the cofounders of the Burency project.