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How to Buy BCUT?

how to buy bcut token

About bitsCrunch

bitsCrunch network, heralding a new era in blockchain analytics. This decentralized, AI-enhanced data network delivers unmatched analytics and forensic data for NFTs, wallets, and other digital assets on the public blockchain. 

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.

Utility of BCUT

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. 

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

Step-by-step


  1. Create a LCX account

Sign up or download LCX Mobile and start the sign up process. You will need a valid ID and proof of address in order to transact, so be sure to have those ready. Verifying your ID may take longer than a few minutes, depending on where you live. Click here to get verified

2. Deposit token

Click on “Wallet” and then “Deposit”. Choose the “Coin”, Choose the “Provider” and deposit the token. 

3. Start a trade

On exchange.lcx.com/ , select trade and choose the BCUT/EUR pair that you want to trade. Select “Buy” or Sell,”  enter the bid and amount you want to buy, and click buy BCUT. 

4. Done

Once the order is processed, you will receive an order confirmation email. That’s it, you’ve bought BCUT.


Whitepaper
Buy $BCUT

Only registered users of the LCX platform are eligible to purchase the Tokens. The Issuer will not sell any Tokens where potential buyers are citizens or residents of restricted jurisdictions as determined by the Issuer. In particular, restricted jurisdictions are the United States of America and China, further, any US persons are prohibited from participating. 

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