What is BNB Fintech?
By the way of introduction
Cryptocurrency has made a gigantic turn-around in the financial world. It has been a great success thus far. You can’t imagine what cryptocurrency can do when it comes to the financial industry. It eliminates the involvement of middlemen that work against easy flow of monetary transactions from one person to another. The invention of blockchain and cryptocurrencies have changed a lot of things apart from the financial industry. Initially, it was created to provide easy access to payment gateway, but these days, it is being used to improve many things not even thought of.?
As interest in cryptocurrency grows, consumer interest grows. The next wave of innovation in payment acceptance will certainly include cryptocurrencies alongside popular digital wallets. Merchants who do not use systems that allow customers to transact in different digital currencies may well be left behind.
Binance Smart Chain is the best blockchain after Ethereum. It has much less expensive fees, but there are many traders who do not have registered BNB sets. In many cases, buying BNB is more confusing than it should be. This presents BNB with a monetary first goal — to have BNBCH as a pair in all trades that do not match BNB and become preferred over BNB in places that do not suit it — along these directions, developing a range Binance. Smart Chain is much further. The ultimate goal is to be listed on Binance and grow into a reputable or even informal option unlike BNB.
The subsequent goal is to simplify the sequential use of cryptocurrency by creating an application that will have multiple exchange options that individuals will do over and over again or sequentially.
What is BNB Fintech?
BNB Fintech ?is a young company dealing in financial technology. Its mission is to bridge traditional finance users with modern digital finance. And, it aims to do so through its native token, BNB Cash, which should function on the Binance Smart Chain platform.
BNB Cash operates on the BEP20 token standard, which extends the use of Ethereum’s ERC-20 standard to other networks. That includes?Binance Smart Chain , which hosts its native token, Binance Coin (BNB). Similarly, BNB Cash is a utility token enabling trades that do not involve BNB primarily. Lastly, users can access it through BNB Fintech.
BNB Cash is fast, cost-effective, and highly secure. Furthermore, it features a financial plan, timetable, and benchmarks to ensure its utility becomes available to everyone. As the market develops, this token should transcend platforms and be part of cross-network trades. Therefore, it can obtain a definite use in day-to-day crypto payments.
BNB Fintech Features
The company’s primary goal is to “become the future of face-to-face and point of sale cryptocurrency payments.” The project’s developers have devised a series of features that should bring BNB closer to its objective.
Peer-to-Peer Crypto Marketplace
Following its launch, BNB Fintech will build a peer-to-peer (P2P) crypto marketplace. Here, users can buy, sell, or trade various items for BNB Cash.
Users will have plenty of motivation to use BNB Cash with the marketplace app. For instance, the project has a referral program and a rebate system rewarding those using the utility token.
Several crypto marketplaces already exist. However, the feature that sets apart BNB Fintech’s marketplace from others is a tracking system.?
Simply put, every asset will have a digital integration on the BNB Fintech app. This way, users will be able to trade both online and face to face. And tracking will ensure that deliveries involving physical assets also reach their destinations.
Buyers can also confirm deliveries with a simple touch of the button. Only then will the platform release the payment funds towards the seller.
In conclusion, the P2P Crypto Marketplace from BNB Fintech could become the crypto-based trading venue of tomorrow. Secure tracking can help users migrate from the traditional system seamlessly to the new blockchain-based platform.
Crypto Debit Card
The company is currently looking to strike a partnership with Simplex to release BNB Cash debit cards. This feature should allow users to convert crypto to cash. Therefore, they may pay for gas, coffee, and groceries with traditional debit cards, such as VISA and MasterCard.
This evolutionary step between fiat and mass adoption of crypto should help those who want to use both. Also, it should enable merchants to accept crypto and traditional fiat currencies as well.
Cryptocurrency Wallet
One of BNB Fintech’s most ambitious endeavors is releasing its own cryptocurrency wallet. Like other crypto storage solutions, this wallet enables users to keep their digital assets safe and sound.
However, the BNB Fintech wallet should also integrate the marketplace, crypto debit card, and rewards into one accessible e-wallet. There, users will be able to track their spending and trading experiences. Lastly, it will enable them to track their points and see the income they get from rewards.
Point of Sale System
BNB Fintech seeks to help more than individual consumers go from traditional to crypto payments. In this regard, it provides business owners with a Point of Sale application. Above all, this feature enables online and brick-and-mortar shops to accept BNB Cash.
NFTs
Before the end of 2021, BNB Fintech will also release a complete collection of utility?NFTs . Those who hold a non-fungible token on BNB can access the marketplace as members. Furthermore, it will provide them with insider features, news, updates, and more.
Reward Program & Community
BNB Fintech plans to build a community around its platform. Inside it, like-minded people should come together and develop new solutions for integrating crypto in everyday life. Also, the community should increase after the project’s Launchpad presale on Unicrypt (UNCX), which took place on October 2nd.
To attract more users to this community, BNB Fintech plans to release a unique retention program. According to the “Statement of Problem” section in its Litepaper, the project will develop an intricate reward system.
领英推荐
Both merchants and individual wallet holders will receive rewards for using BNB Cash in their transactions. For example, business owners get 10 Turnover Reward Points for every 1,000 BNB Cash they use. Alternatively, they can get up to 100,000 points for every 10 million BNB Cash they use.
On the other hand, wallet holders get 5 points for every 1,000 BNB Cash they use. Also, they get up to 50,000 points for every 10 million BNB Cash they use.
Later, both users can exchange these points for airline miles, hotel loyalty points, or gift vouchers. At the moment, BNB Fintech has not struck any partnerships with other companies in this regard. However, it plans to cooperate with brands like Sky Team, Star Alliance, Hilton Honors, Marriott Bonvoy, and others to secure rewards.
Early Investor Airdrops
Many up-and-coming projects use airdrops to stimulate cash flows from interested investors. BNB Fintech also plans to dump tokens on users to ensure ongoing liquidity for the project.
It’s worth noting that out of the 200 million BNB Cash tokens, 3.85 million will go to airdrops. These token-dumping events will start in March 2022 and end in October 2025.
All BNB Fintech investors will be eligible for airdrops on PancakeSwap, depending on their initial holdings. Also, they will automatically receive the tokens after the verification of transactions post-cut-off period.
BNB Fintech Tokenomics
BNB Fintech has set a maximum supply of 200 million BNB Cash tokens. Also, the project has already decided their distribution:
Lastly, the remaining 58 million BNB Cash tokens will provide liquidity in crypto exchanges for the years to come. The tokens’ release will take place gradually to ensure that crypto whales don’t take advantage of supply to manipulate prices.
BNB Fintech Roadmap
At the time of writing, BNB Fintech’s most recent achievement is its?listing on CoinGecko .
Nevertheless, the project has an ambitious roadmap that started in the 3rd Quarter of 2021. The team spent several months systemizing the features we mentioned above. They are now preparing for the last token distribution phase and next year’s first BNB Cash airdrop.
Next year should bring crucial developments in the project’s evolution. Firstly, BNB Fintech has to materialize its plans for the POS application, debit card, and partnerships with major crypto exchanges.
At the moment, the project overcame a significant obstacle by obtaining a successful smart contract audit from?Solidproof . This certificate should confirm its security and increase the investors’ trust in BNB Fintech.
Conclusion
As the crypto sphere continues to expand, it will imminently collide with the traditional financial system. Once cryptocurrencies become legal tender in everyday transactions, we will require platforms that support them rapidly and efficiently.
BNB Fintech wants to be ready when that moment comes. And, through its features, it should provide commoners with a secure bridge between fiat and crypto.
For more information on this project you can visit the links below:
Website:?https://bnbfintech.com/
Telegram Group:?https://t.me/bnbcashofficial
Twitter page:?https://twitter.com/bnbcashofficial
Facebook page:?https://facebook.com/bnbcash
Instagram page:?https://instagram.com/bnbcashofficial
Reddit page:?https://www.reddit.com/r/BNBCash/
==================================
Author
Proof of Authentication :?https://bitcointalk.org/index.php?topic=5359549.msg58126849#msg58126849
Bitcoin username: oladirano23
Bitcoin link:???https://bitcointalk.org/index.php?action=profile;u=2100363
(BEP20 — BSC — Bianance Smart chain) wallet address:
0x78167678243d6DC61F8E50b9361d0701Ff3898b2
Telegram username: @oladirano23