BINCOIN-Re-branding Financial Banking

nelsonjohn

Introduction

Today, I’m back with another interesting project you would all like to know about. This project is a blockchain based project which has come to revolutionize the whole crypto-currency industries. First and foremost, I would like to start by telling you the name of this great project which is “BINCOIN”.

Let’s not forget before the advent of blockchain technology the financial sector has suffered some abnormalities and difficulties in which people have been the casualties and victims of these problems. As I could recall, there is always news of data and security breaches in the financial institutions and banks in some years back due to lack of security and expertise needed to run a financial institutions. This issue of security breaches has been a great burden on the government authorities and some private financial institutions because there is always pressure on them to solve and rectify the issue affecting the financial industries and institutions.

One of the main problems of financial institution and payment industries was the issue of centralization in which powers and authorities are been delegated to some certain set of people or government officials. During this period of centralization there was a lot of accusation from the people based on series of manipulation and lack of trusts and transparency. This is why the world needs an immediate and lasting solutions if there will truly be a development a progress in the financial sectors. Let’s not forget that financial sector is one of the backbones of every government and every economy which is why there is need for immediate attention on the financial sectors.

Within BINCOIN ecosystem is the introduction of BINPAY CHAT in which users, traders, relatives and friends will be able to chat with themselves anywhere they. This approach will help members of BINCOIN to quickly finalize transactions and deals within themselves.

Within the BINCOIN ecosystem is the introduction of crypto-currency exchange in which members will be able to exchange their tokens for FIAT or another token of their choice. This is a great feature which has been lacking in other project of this kind. This feature and many other mentioned above will make BINCOIN the best and outstanding of all others out there.

BINCOIN has also developed its own token so as to make transaction and payment easier for all its users and there are lots of benefits such as low withdrawal fees to be enjoyed for holding this BINCOIN token.

Token Details

Token Ticker: BINCOIN

ICO token supply: 50,000,000 (50 Million)

Pre mine Tokens: 100,000,000 (100 Million)

Blockchain Protocol: CryptoNote

List price of BINCOIN: 1 BINCOIN = $0.10

Difficulty Retargetting Algorithm: Crypto Night Algorithm

Mineable Tokens: 10,000,000 (10 Million)

Blocksize: 4 MB

Soft Cap: 5000000 (est. $5.0m)

Hard cap: 20 000 000 Tokens (est. $20.0m)

Mining Block Reward: Up to 0.03 BIN / Block mine

Token Distribution

35% Allocated to Development

30% Allocated to Marketing Tools

15% Allocated to Infrastructure and Software

12% Allocated to Legal

8% Allocated to Reserve

Fund Distribution

30% Allocated to Marketing

20% Allocated to Infrastructure

25% Allocated to Bonus Allowance

10% Allocated to Development

10% Allocated to Reserve

5% Allocated to Legal

Token Sale Stages

According to the official website of Bincoin, below are the reasons why you should choose Bincoin

You Don't Need Permission

Free Access to banks and Visas are completely at the carefulness of the banks. There are over a billion people on the planet who don't approach a financial balance. Other individuals are level out rejected from opening a record.

Quick International Settlement

As long as you keep your private keys secure you can get to your cash every minute of every day. Bincoin is a worldwide installment framework that never quits running and isn't restricted by "business long stretches of activity."

There are No Spending

Bincoin doesn't have any spending cutoff points which implies you can send as much cash as you require Though banks need to confine buys and withdrawals with every day spending limits.