IMPORTANT ANNOUNCEMENT 1/27/1992
CHANGE OF BINARYCOIN CONCEPT
Dear community, these aren’t good times for enthusiasts of lending (loans) related projects, this is due to the latest events that have been generated these days. We have responded all of your emails and the purpose of this update is to highlight the key points of our platform that will be available in mid-February 2018.
Definitely, being a project based on the investment of cryptocurrency and trust in blockchain technology, requires careful attention in legal terms and security protocols, since we do not want a project that lasts a few months and is attacked by regulatory entities or malicious organizations. (Realistically, the investor should ALWAYS know that operating with currencies is a high risk investment), we are here to do things right from the beginning and as we said it in previous announcements the quality takes time to build.
We are about to open our platform and start with the viralization campaign for the use of our platform to new users who wish to make smart investments of low risk, but before, we would like to point out some relevant guidelines:
Will there be any changes to the platform?
We will initiate a change of concept related to the Binarycoin philosophy, the term “LOANS” will no longer be shown, since future investments will be classified as “SMART INVESTMENTS” within our platform.
Why make a change of concept?
Simple, many projects are oriented to the same directions, making the same mistakes, we can not define as a “Loan” the tokens that we will receive in our platform, since we will not accept DOLLARS, BITCOIN or any other token. We will just only accept BRC tokens.
BRC will be the only token that will be accepted on our platform, within which it can be frozen its value in dollars to avoid the fluctuation of the token during its investment period.
Will the platform grant its payments in BRC?
No, the payments of the investments will be made in BITCOIN or ETHEREUM (To be defined), if you want to reinvest in our platform, you will necessarily have to buy it in the exchanges.
What value will BRC have in its platform?
The value that BRC will have will be the same as determined by the market by supply and demand, however, to safeguard the initial investors the minimum initial value per token will be $ 1.25 (The value of the moment will be considered if it is higher), not we will generate speculative values in the future for the security of the project, we simply take the final value as a reference as an antidumping measure.
Why Binarycoin does not open an internal exchange?
We do not plan an internal exchange for the simple reason of avoiding future problems related to lawsuits of market manipulation and speculation that a private and internal exchange entails, we can see in the historical that this is not favorable for all investors and we want a healthy ecosystem.
Will the platform handle a referral system?
No, we highlighted it before and we want to emphasize again, our platform will not incur a referral system, unfortunately an investment platform can not be sustainable if it grants unfounded bonds to third parties, those practices would lead to any project to occupy a pyramid scheme that sooner or later it will end up devaluing the currency and worse still closing the project leaving its investors in the air. The recent news attacks directly to this type of schemes and we consider that they are not favorable, even leading to the closure of projects that we consider in principle a model to follow.
What will determine the value of BRC in the future?
Basically supply and demand, currently we have not started any Marketing campaign or the operations in our platform, soon we will relaunch our website and social networks with the new Concept that we mentioned at the beginning of this post.
Once the investment platform has started, those who want to use it will necessarily have to buy it in the exchanges. After the end of the investment period we will pay in BTC or ETH (To be defined), we will not allow the reinvestment in dollars, since the investor is conditioned to go to the exchanges to acquire again BRC tokens.
Can we all use the platform?
Everyone is welcome to use our platform and to participate in the exchanges, however, our advisors recommended us to restrict access to citizens of the following countries: United States, China, Singapore, India and Canada.
We want you to understand the current situation of the industry, we are working on the possibility of including citizens of the mentioned countries as we consider that these are promising markets that would help BRC to reach the next level, we will make announcements about it. There will also be a simple registry for small investors and a rigorous KYC for investors with more investment capital.
What do you think about the regulations?
In our view, we consider that the regulations to cryptocurrency are necessary and favorable in the long term, we understand the risks and legal limitations that Cryptocurrency have in the current economy. In case of a collapse caused by a regulatory entity in our platform, investors of the platform will be reimbursed.
We hope that this newsletter will be of great help for each of the doubts that may arise, in short, we are not a system of “loans”, we are a low-risk investment system for the points touched previously, we will soon make a post official showing the policies and how to operate within our platform.
Sincerely:
Binarycoin team.