What is Bitci? Bitci is a fan platform providing interaction and rewards released by Bitci Technology based on the BitciChain network. So what’s special about Bitcoin? Let’s find out with Weakhand in this article.
To better understand Bitci, people can refer to some of the articles below:
- What is Chiliz (CHZ)? Chiliz Cryptocurrency Overview
Overview of Bitci
What is Bitcoin?
Bitci is a fan platform providing interaction and rewards issued by Bitci Technology based on the BitciChain network established in 2018 under the management of Cagdas Holding Company in Bodrum/Turkey. Turkey.
Bitci Technology is a blockchain research and development company with 21 developers, 9 digital marketing staff, and 5 operations staff working in-house. The company’s vision is to design and provide sports businesses with a business solution on blockchain.
Bitci’s mechanism of action
Operation principle
Unlike Chiliz, users cannot use the BITCI token (Bitcicoin) to buy, sell, or exchange Fan Tokens created by clubs or sports organizations through bitci.com but will use USDT instead. . Although according to the project’s White Paper, BITCI also has the same ability, but maybe because the liquidity is not good enough, the platform is currently paused.
Fantokens created on the network can be used to participate in exclusive discussions and votes to make important decisions for each club, in addition, holders can also receive rewards. Participation rewards include tickets to the match and signatures of team members.
Bitci uses a Proof of Authority (PoA) algorithm that operates on its blockchain. Thanks to that, BITCI can be used to pay gas fees on the Bitci Chain network and used in the platform’s ecosystem.
Products and features that have been and are being deployed:
On the website bitcichain.com, statistics from its launch to now, the platform has launched more than 45 Fantoken tokens and sports club partners, typically famous sports organizations such as: Brazil. National Football Team (BFT), MotoGP (MGPT), McLaren F1 (MCL), Spain National Football Team (SNFT).
In addition to Bitci Chain and Bitci Exchange, the platform also has some outstanding features such as:
- Bitci Wallet: Asset storage wallet for Bitci Chain.
- Bitci Explorer: block explorer for Bitci Chain.
- Bitci Pay: cryptocurrency payment system.
- Bitci Dapps: Bitci Chain infrastructure development.
- Bitci NFT: Users can create Art without much technical knowledge.
- Bitci Loyalty Program: a program that helps businesses reach more customers in the tourism industry.
Investor
Updating
Core Team
The Bitci founding team has the following core members:
- Chairman: Burak Çağdaş ÇAĞLAR
- CEO: Onur Altan Tan
- CLO: Tevetoğu Legal Crypto Asset Legal Department
- CFO: Emrah Aktaş
The Bitci team is established according to a decentralized structure, in which responsibilities are distributed among different levels of the company.
Tokenomics
Basic information about Bitcoin token:
- Token Name: Bitcoin
- Ticker: BITCI
- Blockchain: Bitci Chain
- Total supply: 100,000,000,000 BITCI
- Contract: 0xe0D0f25b5FCFa4d3EDD9C2186451d9E04C4B9f11
Token Allocation
The total supply of BITCI will be distributed as follows:
- Burn: 79.11%
- Marketing: 10 %
- Seed: 5 %
- Private Sale: 4%
- Development: 1%
- Team & Advisor: 0.54%
- Surver/Airdrop: 0.35%
Token Release
The total supply of BITCI is distributed as follows:
Exchanges
The exchanges that list BITCI are: Gate.io, HTX, MEXC, CoinEX, Probit Global.
Bitcoin Information Channel
- Website: https://www.bitcichain.com/
- Twitter: https://twitter.com/bitcicomtr
- Telegram: t.me/Bitcicom_Tr
Summary
Currently in the Crypto market in general, the Fantoken field is not a new field, but very few people pay attention. However, with the number of projects that are the core foundation for developing traditional sports through Blockchain technology, it is still very rare, with only about 3 main platforms. Bitcoin is one of them. That proves it, if traveling long distances and even when a major sporting event like the Worldcup happens. This will still be a Blockchain platform we should not ignore with the number of current partners and will increase in the future.