What Is Crypto Bharat (CBC)?

Crypto Bharat, also known as CryptoBharatCoin (CBC), is a utility token that aims to function as a payment portal for all utilities and seeks to allow the transfer of real-world economy in India. The user can aim to pay bills, reload telecom airtime, and even use CBC for shopping. In such a scenario, the value of CBC gets converted to the local currency without paying for the third-party currency changers or exchange.

If a merchant accepts payment from a customer in CBC and does not wish to hold the coins, he can seek to easily trade the cryptocurrency and get the value of CBC on the PAY365 application. Further, the token functions on TRON blockchain technology to aim to ensure faster transactions, efficient smart contracts, and low transaction costs. CBC token uses a hybrid of proof-of-work (PoW) and proof-of-stake (PoS) protocol. PoW looks after the coin generation, and PoS manages coin distribution and transaction validation. CryptoBharatCoin aims to upgrade the traditional utility payment methods to a cashless community with the help of blockchain.

CBC is the ticker name of the Crypto Bharat coin. The token holders can validate transactions during PoW and seek to earn rewards. But, to become a validator, the user must get involved in staking within the system. For staking CBC, the user needs to place and hold CBC in the system for a specific duration.

History of Crypto Bharat (CBC)

FCA Ajay K Jayswal founded the token in April 2020. The token carried out an initial coin offering (ICO) in 2020 for four months. During the ICO, 10% of the total supply got sold. Soon after, the users could trade CBC in exchanges.