The BWC token will be the platform’s native and default means of making and receiving payments. Although making transactions on the platform will be made relatively cheap to ensure that users can transact with minimal charges inclusive, the platform still has to continuity, thus the need for minor charges to keep the platform running.
- Token name: BWC Token
- Token Code: BWC
- Algorithm: ERC-20
- Total Supply: 920,000,000 BWC
- Decimal: 18
The BWC Token is smart contract entrusted and integrated with TRUST wallet. Our reason for choosing trust out of the vast majority of wallets is because of their proven track records and compatibility with the BWC platform.
Out of the total supply of the coin, 10% of this will be distributed yearly. From this
- Market Maintenance: 43.5%
- Team & Contributions: 10%
- Foundation: 18%
- Marketing: 10%
- Reserved: 15%
- Legal: 3.5%
Market Maintenance 43.5%: The major part of the pre-sale earned funds will be reserved to this use. Our market maintenance team will remain on the lookout for BWCToken’s value fluctuations when it will be launched on the market. The team will limit the value decreases by buying if the value drops. This will also be used to run maintenance programs on the platform to ensure that the platform remains in good health for constant utility.
Team & Contributions 10%: This part of the token will be used to ensure that our team and founders get the necessary motivation needed for them to continue making research on how to improve the platform and keep it up-to-date.
Marketing 10%: This is the part of the token that is given for advertisement and marketing of the platform to ensure the success of the company and the project.
Reserved 15%: This is the part of the token that has been kept aside as a reserve. This is in case of emergencies and other unforeseen issues that may arise. It will be used as a contingency plan.
Legal 3.5%: Laws differ from one country to another. BWC needs to ensure compliance to these laws. Even if our services are decentralized, we need to protect the members that use our services in countries where laws about cryptocurrency are not clearly dictated.