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.
This content is provided for informational purposes only and does not constitute financial, legal, or investment advice. The buying, selling, and trading of cryptocurrencies and digital assets involve significant risk and may result in the loss of your entire investment. Always conduct your research and consult a qualified advisor before making financial decisions. LCX is a regulated entity operating in accordance with the Liechtenstein Blockchain Act. It has approvals for roles including token generator, token issuer, and exchange service provider. LCX provides technology and compliance infrastructure for digital asset services.
