Genesis BridgeCoin BCO Mining Review
I think this will be the first decentralized exchange with incentive for all holder of this coin,so let take a look at what is it all about. What is BridgeCoin? BridgeCoin is a scrypt mineable coin similar to Litecoin. It was created in July 2017 to fund the development of the full CryptoBridge decentralized exchange. After funding is successful and the platform comes out of beta, 50% of all CryptoBridge DEX profits will be distributed to participating BridgeCoin owners. Why BridgeCoin?
It will be the first platform to bridge the gap between different cryptocurrencies in terms of liquidity, scaling, price discovery and arbitrage. It is developed by a highly dedicated international team of developers with years of experience in crypto and financial sector. The many advantages of the BridgeCoin currency and platform 1.Skillful coding and powerful community support will ensure its long-term success. 2.Decentralized exchange, high liquidity and convertibility, price discovery and arbitrage are economic priorities for development of the platform solutions.
3.Multi-platform support, guaranteed scaling and fast transaction confirmations represent the initial technical requirements of the platform. BridgeCoin Specification mining algorithm: scrypt total coins: 27 million block reward: 256 coins, halving every month block time: 60 seconds difficulty retarget: 10 blocks What is CryptoBridge? CryptoBridge is a decentralized exchange (DEX) that supports trading of most popular altcoins. The main innovation is elimination of a single point of failure when trading cryptocurrencies. In addition, another unique selling point is the usage of a multi-signature federated gateway software used by a dozen trusted gateways, operating on multiple continents, enabling trust-reduced issuing and withdrawing of the supported coins.
Review Bridge Coin - First Decentralized Crypto-exchange With Earning Opportunities For Holder. Discussion in 'Crypto Reviews. What is BridgeCoin? [ANN] [BCO] BridgeCoin. Launch of mining pool. SimplyVital Health ICO Review– Presale, ICO and token. GameCredits GAME Mining Pool Calculator on this page. Health Care Denis-December 10, 2017.
Decentralized technology CryptoBridge's target audience are altcoin traders trading on centralized cryptocurrency exchanges which are riddled with performance problems and can be subject to thefts, manipulation, hacking incidents or government takedowns. These problems are solved by the decentralized blockchain based order book and the multi-signature federated gateway network. There is no central point of failure. All deposits, withdrawals and all order books are transparently stored on the blockchain. The client will still be able to deposit, withdraw and trade coins even in the event CryptoBridge goes out of business.
Each client holds the private keys to their coins. CryptoBridge has no access to the client's funds. The blockchain behind the decentralized exchange, graphene, can process up to 100.000 transactions per second and has an average confirmation time of just 3 seconds. The DEX offers a complete API for any interested party to build applications on top of the decentralized exchange. Earning opportunity on cryptoBrigde for holder BridgeCoin(BCO) mining ended on Tuesday the 28th of November. Everyone that stakes their BridgeCoin(BCO) will receive 50% of the trading profits on CryptoBridge(decentralized exchange). Overview Once you stake your BridgeCoin(BCO) you will not be able to withdraw or trade them since they are now locked until the end of the staking duration but will instead earn 50% of the trading profits on CryptoBridge.
During the staking period you will automatically receive bi-weekly payouts to your account on CryptoBridge. Staking Factor & Duration The following staking periods are available to choose from to stake BridgeCoin(BCO) on CryptoBridge: • 1 Month(0% Bonus) • 3 Months(20% Bonus) • 6 Months(50% Bonus) • 12 Months(100% Bonus) The longer you stake your BCO the higher your staking factor(bonus) will be. Staking for 3 months gives you 20% more additional BCO during staking. If you stake your BCO for 12 months, you would essentially be staking 200%(2X) your BCO. Profit Share & Payout As mentioned 50% of the trading profits from CryptoBridge will be distributed between BridgeCoin(BCO) holders proportionally. This can be calculated using the following formula User BCO Staking/ Total BCO Staking in DEX * Profit from CryptoBridge = User Payout The User Payout will be be paid in each traded coin on CryptoBridge.
Users will be able to specify their preferred payout cryptocurrency in a future release. The more BridgeCoin(BCO) that a user has during staking period the greater percentage they receive of the payouts from the 50% trading profits on CryptoBridge. Example — Total BridgeCoins(BCO) Being Staked on CryptoBridge: 500,000 — Bobs(User) total number of BridgeCoins(BCO) to be staked: 10,000 You have 10,000 BridgeCoins(BCO) and decide to stake for 3 Months(20% Bonus). Your staking factor would now be 12,000 BridgeCoins(BCO) where you committed only 10,000 BridgeCoins(BCO) to be staked and received an additional 2000 BridgeCoins(BCO) as bonus towards your staking factor.
Siacoin SC Mining Speed Test. 12,000/500,000 * Profit from CryptoBridge = Your Payout(Share of 50% Profits from CryptoBridge) NOTE: The additional bonus only increases your staking factor. In the example above you do not get 2000 additional BridgeCoins(BCO) that you will be able to withdraw or trade. The increase in staking factor is used to reward those that have staked their BridgeCoin(BCO) for longer periods. Meaning stakers with longer periods will receive a greater share of the generated profits.Staking factor is the same as weighting factor. You can learn more about weighting factor At the end of your staking period you will be able to use the 10,000 BridgeCoins(BCO) that you originally staked. Start Staking You do not need to have your wallet open to stake. The only thing you need to do is send your BCO to the DEX and create your staking position My view This is nice innovative just that the achievement of this coin weight on the marketing team and in my opinion it will be good for traders because as more coin coin are been staked so the supply decrease which lead to increase in the price of the coin.
What do you think about this coin? Link to the website.