New NRC20 Token Bsaicoin: Learn and Earn Trading without the Risk
Hello guys @ankarlie here to share with you some cool learning and earning opportunities found around crypto space. This will be my third article about Bsaicoin that just goes to show you how I am very bullish about this project and I believe it can take off soon. Not to mention the immense earning and learning opportunity it presents to members. If you are not yet a member please register here. For the benefit of the readers that has not read my other articles about this project you can read more about it here and here. If you are too lazy to read those articles you may just read this article as I will briefly discuss what it is and why I am so bullish about this platform.
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What is Bsai.io?
Basically this is just a Web application that the team of Bsaicoin created as a Bitcoin/Cryptocurrency Trading Simulator. It is a web portal that just lets you experience (in a rudimentary sense) how to buy and sell cryptocurrencies. It does not show any graphs, volume and other information that you usually see in a typical exchange. It only gives you the sell and buy prices for each cryptocurrency paired with the US dollar. in other words it just lets you buy when you think it is a good buy Price or Sell if you have reached your Target Price. Price feeds comes from the same source as TradingView therefore you may want to use the charting tool of TradingView when you want to do some technical analysis.
What makes this trading simulator so special?
There are many things to like in this platform:
- It does not require any fees or investment to be able to use it.
- Free trading competition in which you can win as much as $599 paid through your bitcoin wallet.
- Badge System Airdrops, where depending on your badge you have you can partake on the equally distributed BTC satoshi airdrop which can go as high as 1 BTC.
- Daily Free 70 Bsaicoins faucet which you can claim every 24 hours. (This is virtual currency that we use to join the contest.
- Referral programs that will let you earn more Bsaicoins which you can use to enter in the next trading simulator contest.
- Lasty, The Bsaicoins will become a true cryptocurrency tokens using the NRC20 standard of Nebulas platform which is said to be the "Google" equivalent in decentralize appications.
What is the BsaiCoin (BSC)?
BsaiCoin (BSC) is said to be a new cryptocurrency made by the BSAI TEAM. It is a NRC20 Token based on the Nebulas Platform which is similar to ERC20 tokens of Ethereuem but more secure and efficient. Total supply of the BsaiCoin is 1 Billion with the following distribution:
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As you can see from above there are two types of air drops the first type of airdrops is the badge system airdrop which I have described above (will get 25% of the total supply) while the second airdrop (airdrop living) which seems to be a revamp of its initial referral program will now be called "Airdrop Living" with6 layers deep referral system:
1 level, + 300 BsaiCoin
2 level, + 150 BsaiCoin
3 level, + 70 BsaiCoin
4 level, + 30 BsaiCoin
5 level, + 10 BsaiCoin
6 level, + 5 BsaiCoin
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Unlike most Crypto group Bsai TEAM will not conduct an ICO. All tokens will be distributed for free through airdrops, faucets, incentives, referrals and other creative ways the team may envision.
Where can I exchange my BsaiCoin (BSC)?
There will be a BSC exchange beta to be launched on June 25, 2018. This will enable users that were able to accumulate BsaiCoins to exchange it. According to the team they are willing to exchange the BSC at the rate of 0.3 USD per 100 BSC. This is not much but it may go up rapidly when the other features and use cases are implemented. There is a catch you have to do a simple task to be eligible to use the BSC Exchange Beta. which I will discuss in the next section.
Requirements to be eligible to use the Exchange
Make sure you already have a Bsai.io account. If you want to register please use my referral link here.
You have to create an account in [Nebulas.io]https://incentive.nebulas.io/signup.html?invite=RbTQV).
This particular step is very important because you won't be able to to join the BSC exchange without having the Nebulas account. where you can exchange your BsaiCoins.
- Once you are done making the Nebulas account you can now submit a form here. This will enable the team to review your application and approve so hat you will be able to sell trade BSC once the beta version of the exchange is are released (June 25, 2018).
By doing the daily claiming of BsaiCoins, Airdrop through the badge system by accomplishing certain conditional trading activities, Air drop living through the 6 layer referral system and ad hoc task that the team may ask you to accomplish you will be able to accumulate BsaiCoins and will be able to exchange them with other cryptocurrencty through the BSC exchange.
What will be the wallet to be used for the NRC20 BsaiCoin?
The wallet that will be use for the token will be a Nebulas wallet. You can find them here. There are web wallet and mobile wallets that are compatible with Android and iOS (scan from the web link).
For starters I would just recommend the Android and iOS version for easier installation. The Web wallet is a bit more complicated to setup therefore I will be dedicating a whole steemit tutorial on how to do it. If you are looking for the contract address for the NAS-based token, BsaiCoin, there is still none as they have not released it yet but as indicated in their website they will inform all users if the tokens are ready for distribution as well as instructions and tutorials on how it will be done. I have already explore the wallet of NAS and it seems very similar wallet implementation with other smart contract platform like Ethereum and NEO.
That is all for now my friends I hope you have found this informative. Again guys if you want to join please don't forget to register under my referral link below. Just click on the icon:
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Developers who wants to check out Nebulas and participate in the Nebulas incentive program you may join by clicking the image below:
Wow thanks for this article
You are most welcome sir
Yeah yeah
Thanks for sharing this@ankarlie
You are most welcome Madam. Happy steeming!
Thank you for this better explanation @ankarlie? This is really helpful for all of us who already tried signing up!
Thank you sir fycee. This one is shaping up tp be a winner. I hope it also gets the funding from Nebulas.
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Awesome work dear.
Thanks I am glad you liked it.