Digital currency digital money or electronic money or electronic currency is a kind of currency that is only available in digital form, not physically like paper money and coins. It shows properties similar to physical currency, but allows for instant transactions and transfer of ownership without limits. Examples include virtual currency and cryptocurrency or even the central bank issuing digital money. Like traditional money, this currency can be used to purchase physical goods and services, but may also be limited to certain communities such as for use in online games or social networks.
The main problem of cryptocurrencies is their integration into the real sector of the economy. The revolution has already taken place, and the cryptocurrency economy is increasingly being introduced into everyday life, but the problem remains: the volume of digital currencies accumulated in the market now amounts to hundreds of billions of dollars, but there is still a very limited opportunity to use them as payment for goods and services.
To solve this problem, a decentralized platform was created for trading commodity tokens, 100% provided with alcoholic beverages.
THE BENEFITS OF BEVERAGE CASH
An intuitive application that is simple and accessible to new users.
Social component-members of the community (experts, collectors, wholesalers, manufacturers of alcoholic beverages, etc.) receive a reward from the prize Fund through smart contracts for their achievements and recommendations.
Localization-the ability, with the help of geolocation, to distribute lots and users nearby, to communicate with them using the built-in messenger and, if necessary, to meet for the transaction.
The inability to manipulate the trust rating is a unique solution that excludes any manipulation.
Security-smart contracts protect users and their funds from misuse.
Transparency - all transactions are made in the blockchain.
Instant payments, smart contracts, distributed the money among participants immediately after the transaction.
ECOSYSTEM
Socialization of the platform and development of a broad ecosystem on its basis is the most important element of success. The platform is designed to meet the requirements of a wide range of participants in the alcohol market and the cryptocurrency community.
THE PARTICIPANTS OF THE PLATFORM
Investors - private and institutional. For them, the purchase of highly liquid assets insures their cryptocurrency capital from loss and make a profit. Investment portfolios with the highest profit will be awarded with the investment trust Cup from bronze to platinum.
Traders are able to speculate in the market without having to buy a lot. They are awarded various statuses for the most active and profitable work - from a novice trader to a guru.
Manufacturers of alcoholic beverages have the opportunity to sell their produced alcoholic beverages on the platform.
Collectors and sellers have the opportunity to trade their alcoholic beverages on the platform.
Experts evaluate the quality of drinks, their potential price, taste, rarity of the drink, publish opinions, tasting reports, awards and other information. Depending on the level of trust and activity, they get paid for their publications from the prize Fund.
Consumers buy drinks for further transportation to the specified location.
Advertisers. Any of the participants of the alcohol market and related areas can advertise their products on the platform. The advertising Fund is distributed among the most active participants.
Third-party developers have the ability to create apps for any device using the API.
How It Works?
Beverage token (BT) will be traded at the beverage.cash platform for the cryptocurrency Beverage Coin (BCCT). With Beverage Token (BT) the manufactures of alcohol products, wholesalers, collectors, owners of alcohol can place their alcoholic beverage products to the platform in the form of lot.
Each lot placed on the platform (one bottle, one barrel, one box, etc.) is represented by a token that will accumulate information throughout the lot's existence: type of drink (wine, distillate, brandy, whisky, cognac etc.) manufacturer, packaging, ingredients, time and place of production, location, estimated value, recommendation made by experts, history of price changes, transaction history etc.
Beverage Coin (BCCT) is a crypto coin intended for making deals with trading tokens - Beverage Token (BT) - and pay service fee and commission on beverage.cash platform. Beverage Coin is endowed by physical assets with high liquidity and has a huge growth potential. It will be sold on major exchanges and is fully
IMPLEMENTATION ON THE BLOCKCHAIN
BEVERAGE COIN (BCCT)
The total cost of the lots has 2 components of the price change:
Increasing or decreasing the number of lots-increasing the number of lots by adding new lots to the platform - reducing the number of lots by selling lots or withdrawing lots from sale.
The increase in the cost of an alcoholic beverage over time is due to the maturation of alcohol in barrels and bottles and the rarity of sharp alcoholic beverages over time. The market price of Beverage Cash (BCCT) is calculated according to the following formula:
BCCTp = (MV / ETHp) / Bcct
BCCTp is the price of a coin of an alcoholic beverage.
Mv - total market value of drinks lots on the platform in us dollars
ETHp - market value ETH in US dollars.
BCCTt - total number of issued coins for drinks.
At the ICO stage, the token is sold at a fixed price: 1BCCT = 0.0002 ETH
The market price of the coin is recalculated according to the total value of the lots placed on the platform in real time.
Example:
The total value of lots is 50M USD
The number of Beverage Cash (BCCT) Issued: 150,425,700
Price ETH = 600 USD BCCT = (50,000,000 / 600) / 150,425,700 = 0.0055 ETH
With a platform lots worth USD 500M, Beverage Cash (BCCT) will be 0.0553 ETH.
Total capacity: 150,425,700 BCCT.
The number for the open market: 97,776,705 BCCT
Private sale: 12% - 11,733,205-50% BONUS%
Pre-sale: 18% - 17,599,807-25% BONUS%
Main sale: 70% - 68,443,693-10% BONUS-0%
Soft Cap - 1,500 ETH
Hard Cap - 30,000 ETH
ROADMAP
Thank you once again for taking the time to read this article, and thank you a million times for your support of Beverage Cash.
For More Information:
Website: https://beverage.cash/
White paper: https://beverage.cash/WhitePaper.pdf
Telegram: https://telegram.me/BeverageCash
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