We are happy to announce the listing of bitsCrunch’s BCUT Token. Starting on Wednesday, 3rd April at 6:00 PM CET LCX Exchange will support the BCUT Token. Deposits will start on–Wednesday, 3rd April at 6:00 PM CET. The trading pair BCUT/EUR will be listed.
bitsCrunch is an AI-powered, decentralized NFT data platform that enables developers to build reliable NFT applications (dApps) quick and easy.
bitsCrunch utility token is BCUT token.
The bitsCrunch utility token (BCUT) is a digital token native to the network, providing access to enriched NFT data within the bitsCrunch ecosystem. Its primary function is to facilitate smooth operations within the network, and it is intended solely for use as a utility token. The secure functioning of the bitsCrunch ecosystem relies on a combination of cryptographic techniques and economic incentives to drive adoption and ensure network security. Following are some of the key functions and purpose of the token
- Incentive Alignment: The digital asset acts as a motivational tool, fostering collaboration and commitment among Operators, Delegators, Indicators, and Contributors.
- Governance: The digital asset enable decentralized governance, where token holders can vote on proposals and changes to the network’s protocol
- Network Security: Through mechanisms like staking, our digital asset can add layers of security, making malicious activities costly and thereby protecting the network’s integrity.
- Independence: Having a digital asset ensures the network’s autonomy and reduces reliance on external entities or tokens. It aligns the token’s value and functionality closely with our network’s objectives and performance.
- Economic Design: The digital asset allows us to tailor the economic model to the unique needs and values of our network, controlling aspects like issuance, distribution, inflation, or deflation.
- Discounting: Data consumers can stake the token to get a discount on the query pricing
Users can sign up for an LCX Account here
Start Trading $BCUT
Launch LCX ExchangeDeposits: Deposits open on Wednesday, 3rd April at 6:00 PM CET
Pair Listing Details:
BCUT/EUR starting on Thursday, 4th April, 6:00 PM CET.
How to deposit BCUT?
Go to LCX Accounts > Wallet
Scroll down to $BCUT
Click on the “Deposit” tab next to $BCUT. Your deposit address will be displayed on the screen.
Send $BCUT to this address.
Important Note: Trading cryptocurrency is complex and comes with a high risk of losing money. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product.
