Topic: [ANN][HitBTC] 🌐 BMCHAIN 🌐 Monetize your activity 🌐 (Read 9015 times)

A brief overview of the current state of development of the BMCHAIN platform and the official position of the team on delisting from HitBTC read in our article on https://testnet.bmchain.io/post/bmchain/a-brief-report-to-the-community-on-stages-of-work-on-the-project-bmchain

Sure, we are still working on and you may test the platform here testnet.bmchain.io

Something for a very long time no news on the project. The last social media activity was in the summer and the news was in the spring. You are still working or closed?

BMCHAIN is invited to KuCoin Listing Voting Competition. Vote for us in https://t.me/KuCoin_Telegram_Competition

The English version is available now for BMCHAN test platform

https://steemit.com/life/@bmchain/the-bmchain-test-platform-is-available-for-english-customers

How to store documents in the blockchain?

The most important indicator for the user on the BMCHAIN platform is reputation. Honest and transparent reputation of your partner, customer or contractor is the value we strive to realize. And to ensure the safety and integrity of the history of each user will be blockchain technology.

But we thought there not only the clear user's history as his reputation and smart contracts which could not be changed after the adoption of the parties could be useful, but it is often necessary to keep certain documents with clearly confirmed creation date. Why not entrust this data to the blockchain?

Thus we are studying the possibilities of downloading and storing files in the blockchain. This method of storage will give the owner all the advantages of the distributed registry technology like protection against changes, hacking and unintentional data loss.

Would you keep your documents in the blockchain?

The BMCHAIN project team apologizes for the long pause. Let us try to fill a short report on our work during this month.

Due to the fact that we are little ahead of our roadmap with our code development we decided to focus on the other aims in the project. A lot of this work was our research on the current situation on the market, including the possibility of entering into new exchanges with our BMT token. And now we are ready to share the conclusions that have been made in this work.

First of all we would like to remind you that one of the goals of our project is to create our own token to replace the existing ERC20. With it all owners of ERC 20 BMT tokens will get the same amount in new tokens instead of existing ones.

But for the reason of listing a new token on the exchange we will need to repeat all the procedures from the very beginning, as it is a new token. Therefore, after analyzing the conditions of access to the leading exchanges, we decided to postpone these procedures until the release of our own token. We will try to maintain our ERC20 token on the exchanges before the release but the fixed assets will be accumulated to ensure the release of our own token.

very nice with all the effort that has been done and with such clarity we don't become worried again
i hope all decisions will have a positive impact, many people always support this project

Yes, it is legal, we have the service to sell our tokens and some coupons of our partners on it and will use that money to buy tokens on exchanges, there is a problem with some people to use exchanges so we will use our service to help them. And we are planning to list our token to other exchanges.

Is it legal to talk about the support of the price of bmt tokens on the exchanges? Do you plan to list in the near future on other exchanges?

On March 26, we conducted the first purchase of tokens on exchanges using funds from the sale of coupons and tokens through the BMTPay. We also intend to attract income from our new projects for this purpose next time.

This time we did not use the money from BMTPay only, because it wasn’t so much income there to affect the stock prices. We understood it would not be possible to keep the price level up this time, but we could not abandon our plans. Therefore, to support our purchase, we have attracted several of our partners, some of them are outside Russia.

This format seemed interesting to us, and we are likely to repeat the same purchase until the incomes from BMTPay and other projects will rise up to the level we could support the exchange rates. Follow our news and exchange rate to catch our next purchase!

Yes, we will make the platform in different languages, and English will be the next.

How are you going to conquer and bring English speaking audience to the BMT platform? Right now it seems only fit to the Russia audience.

Yes, we have such plans. CMC did increase the require volume for the third time some days ago just when we reach the previous one. So it might be better to speak with exchanges first.

Do you have any other plans to list BMT tokens for example on the top exchanges by volume?
I guess low volume is the first reason that you are still not on CMC.

At March, 16 the platform for social interaction BMCHAIN begins an open beta test, where you can receive a reward of cryptocurrency - tokens BMT - for the things you do every day! The philosophy of the system is to combine traditional methods of work and new technologies and solutions, to make crypto closer to everyone.

One the features of the platform will be the opportunity for authors to earn tokens receiving likes and comments from other users, and the more active you are on the platform - the more is your reward for each action! And the technology of the blockchain will be used to save a fair and transparent history of user's actions.

The system also will allow to make deals on blockchain and to purchase advertising on the platform with BMT tokens! Link to the platform - testnet.bmchain.io.

For the beginning the platform will be available only in Russian but there is planes to add more languages even during the test.

And as a bonus, now there is a unique opportunity to buy tokens on the low rate, so later you can spend it on services on the platform, or just to earn on the growth of the rate!

Where to buy:
 https://hitbtc.com/exchange/BMT-to-BTC
 https://hitbtc.com/exchange/BMT-to-ETH

Yobit https://yobit.net/en/trade/BMT/BTC
https://yobit.net/en/trade/BMT/ETH
https://yobit.net/en/trade/BMT/USD
https://yobit.net/en/trade/BMT/RUR

Let’s talk some more about the mechanics of the BMCHAIN platform. Today we will talk about the service for interaction between customers and performers. The system involves the conclusion of a smart contract for the provision of services, all the terms of which are entered into the blockchain and the work in this case is regulated automatically.

First of all, this service can be useful for services provided on the Internet with clear rules of implementation. For example, translations, copyrighting, etc. The customer fills in the conditions for performing the services, and then chooses a contractor from among those who have applied to the task  and confirms the performance of the agreement and then remuneration is paid to the contractor.

Of course, there is no innovation in this service itself, such operations are already available on other resources. But for the first time it will work on blockchain technology, which is designed to guarantee the integrity of the entire history of each user's operation, since the intervention in this case is completely excluded: neither the user nor the site administration can make changes. In addition, a token BMT will serve as the financial asset inside the platform, which can also be earned on the platform as for tasks, as for likes from users.

How do you think, will it be useful for you?

Yes, it is one of the opportunities. We don't like the way to decentralize the platform.

Do you plan to leave the function of self-moderation to the community and not to the hired people?

I think you should make a try with this.

One of the most important issues of the BMCHAIN platform is the quality of the generated articles. There always will be someone posting the message without any benefit for other users or with some unacceptable contents. If there will be more useless posts than a good content it would be hard to find some useful or interesting information. So all the benefits the platform will have for our users would be killed by a lot of trash posts.

To avoid this we decided to establish a clear and strict rules for all users and set some moderators who will look after the new post on the platform in some way.

How do you think is the moderation necessary for the platform and who should be a moderator?