The cryptocurrency market had a massive boom within the last few years, and still, have room for even bigger growth. Some are skeptical about blockchain technology while many traditional firms are switching their centralized system to a decentralized infrastructure. The blockchain technology is a decentralized distributed ledger, that stores data in a tamper-proof way, that is digitally signed to ensure the authenticity of data and provide total transparency of all transaction in the network.

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The cryptocurrency space has had a growing market adoption of within the past few years, and as at writing this piece, the total cryptocurrency available in CoinMarketCap datasheet is 1597 and Shopin at the bottom and Bitcoin is at the top. The total market valuation is about $256,378,885. This signifies that there is still room for growth within the cryptocurrency space. The current market valuation shows investors are ready to invest their fund in the right project. However, there isn't an avenue where they can get an authentic and up to date information about projects. Introducing Bitscreener, Bitscreener is the next generation of data tracker, their goal is to provide a complete and up to date information on several crypto assets to investors.

The Bitscreener Point(BSP) Use Case

The bitscreener point is denoted with BSP, it is a mechanism that is used to interact within the bitscreener platform, contributors can earn bitscreener point based on the amount of value they provide to the community. The point is calculated based on consensus mechanism, the point could be converted to Bitscreener token (BITX) later. The BITX is a medium of payment within the platform and users can use BITX to purchase advanced features of the platform. When a user provides value to the community and he is rewarded for their contribution, once he gathers enough point the system would later convert it to Bitscreeners token and can further be converted to any other cryptocurrency of their choice.

Use Case Of BSP

Content Contribution: The BSP is a medium of incentive to the platform contributors, it is used to incentivize content contributors within the platform, and contributors get more BSP if their content receives more upvotes.

Rewards Are Shared: The BSP to this regards is used to reward users who upvote quality contents, the rewards are distributed between the content creator and users who vote quality content. The rewards are distributed based on a percentage to the Arthur and the voters.

Transaction Fee: The BSP operates on the accord that no transaction fee is associated with the point distribution, this encourages users of the platform to carry out activities on the platform without fear of charges. This, in the long run, encourages users to carry out activities freely within the platform.

Creating New Content: Users within the platform are rewarded in BSP, and for user to create and submit new content, their content is reviewed by the bitscreener and if it passes the review they are rewarded with BSP, and its available for the community vote, if the content gets high reputation it is rewarded with additional BSP. This content may contain external links to give a more complete and accurate information.

Curating Content: Contents available on the platform may be accurate for the time being or not completely complete, The content may be reviewed by users with high reputation, users that have proven to provide quality content on the platform and this can be judged based on the upvote they have which reflects their reputation. They can edit, add or improve existing content on the platform to add more value to existing content and they are rewarded for their invaluable effort.

Visit bitscreener official website, join their social media communities and consult the official documents for more information about the project.

Official Contacts

Website ICO: https://tokensale.bitscreener.com/
Whitepaper: https://storage.googleapis.com/files.bitscreener.com/tokensale/BitScreener_Whitepaper.pdf
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=3353693.0
Telegram: https://t.me/bitscreener
Twitter: https://twitter.com/BitScreener
Facebook: https://www.facebook.com/bitscreenercom/
Linkedin: https://www.linkedin.com/company/bitscreener-official/
Medium: https://medium.com/@BitScreener

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Good Luck, Happy Investing.

This article is not a financial advice. Investing in ICO may be extremely risky, always remember to do your own research and consult financial and legal advisors before investing in ICOs.