Bitcicoin (BITCI) is the foundational Token of the Bitcichain Blockchain, the first cryptocurrency from Turkey, serving transactions and services within this ecosystem.
Bitcichain provides a platform that allows the development of smart contracts and Tokens, integrating payment solutions along with Fan Token projects linked to many global sports brands.
MAIN CONTENT
Bitcicoin is the native Token used for transaction fees and services on the Bitcichain Blockchain.
Growth potential thanks to the Fan Token network and major partners like Brazil, Spain, McLaren, MotoGP.
A diverse ecosystem with many related products such as Bitci Wallet, Bitci Exchange, Fan Token app, and Loyalty Token.
What is Bitcicoin (BITCI)?
Bitci Technology's CEO, Onur Altan Tan, stated that Bitcicoin is the foundational Token for activities on the Bitcichain network, including transaction fee payments and supporting smart contract development.
Bitcichain allows the deployment of Tokens and related services in a vast ecosystem, supporting users and businesses to build applications based on their own Blockchain. Notably, Bitcicoin is linked with many globally recognized brands, increasing the value and credibility of the network.
What potential lies ahead for the Fan Token wave?
According to the Allinstation 2022 report, Bitci holds a leading position in the Fan Token market in Turkey with over 35 Tokens listed, clearly outperforming many other projects.
The project benefits from the 2022 World Cup event, owning Fan Tokens of the Brazil and Spain teams, helping to create significant attraction and open up considerable growth opportunities for BITCI.
What is Bitcicoin's advantage in the Fan Token market?
Bitci owns an ecosystem that supports and issues independent Fan Tokens on a separate blockchain, allowing trading on various platforms without relying on a closed ecosystem.
Current Market Cap is approximately $60 million, much lower than CHZ (over $1.2 billion).
The Fan Token app helps increase interaction between fans and clubs.
Potential to expand the Token portfolio and be listed on many major CEX exchanges.
Bitci is innovating the way fans interact with sports clubs through the Fan Token platform, creating a more decentralized and flexible experience — Onur Altan Tan, CEO of Bitci Technology, 2023.
Source: Interview with Onur Altan Tan, 2023
What opportunities arise from major sporting events?
According to Bold Sports Analytics 2022, the presence of the Brazilian and Spanish teams on the Bitci Fan Token platform paves the way for a surge in trading and interest from the global football fan community.
Fan Tokens such as BFT (Brazil Fan Token) and SNFT (Spain Fan Token) are predicted to stimulate strong capital flow, attracting many investors and fans.
What are the investment risks associated with Bitcicoin?
Despite keeping pace with trends, Bitci still faces significant risks regarding transparency and credibility due to limited information about the team and major investors behind it. Additionally, the tokenomics structure with over 55% of Tokens allocated for the team and advisors also creates high selling pressure.
These factors can affect market stability and investor trust in the long term.
What highlights does Bitcichain have?
Bitci Technology is developing a comprehensive ecosystem with products such as Bitci Exchange, Bitci Wallet, Bitci Explorer, and Fan Token applications to enhance user experience.
Moreover, the unique Loyalty Token system allows businesses to distribute reward points and offers to users through personalized digital wallets.
What does the Bitcichain Ecosystem consist of?
Bitci Exchange – the integrated exchange in the ecosystem
Bitci Wallet – a convenient Token storage and management wallet
Bitci Explorer – a blockchain data lookup tool
Fan Token Ecosystem – a platform for issuing and managing Fan Tokens
Bitci Pay – a cryptocurrency payment platform (coming soon)
Fan App – an application to enhance interaction between fans and clubs
What makes Fan Token Issuers special?
Unlike other Fan Token projects, Bitci offers Fan Tokens developed directly on the Bitcichain Blockchain, allowing free trading on multiple platforms and hot wallets, cold wallets without being limited to a single ecosystem.
The development of the Fan Token App helps increase interaction and value for fans, creating competitive appeal in the market.
What is the use of Bitci’s Loyalty Token?
The Loyalty Token technology on Bitcichain enables businesses to distribute rewards, discount codes, or prepaid Tokens to customers through personal digital wallets. This not only promotes interaction but also supports the collection of user behavior data to personalize experiences.
Basic information about Bitcicoin Token
Token Name: Bitcicoin
Symbol: $BITCI
Blockchain: Bitcichain Blockchain
Contract: 0xCA29e74fBBEC55833D0b95c9ABf356bF3853aad8
Token Type: Native, utility
Total Supply: 100 billion BITCI
Current Circulation: approximately 7.75 billion BITCI
What are the main utilities of Bitcicoin?
Payment of transaction fees on the Bitcichain network.
Fast trading medium within the Bitci product ecosystem.
How is Bitcicoin Token allocated?
The majority of Tokens are distributed according to a vesting schedule extending to 2060, with nearly 80% used for burning, while the remainder is allocated for marketing, development, and team advisors, creating a balance between long-term development and managing Token inflation risk.
Token allocation of BITCI. Source: Bitci Whitepaper
Where is Bitci's development roadmap?
As of Q2 2022, Bitci has completed many important areas such as the exchange, digital wallet, Fan Token application, preparing for the 2022 World Cup event, and updating the ecosystem with Bitci Pay payment service.
Who are the team and investors of the project?
The founding team and advisory board
Information from Bitci shows that the founding team has a solid background in internet, blockchain, open finance, and software. The leaders are Burak Çağdaş ÇAĞLAR (Chairman) and CEO Onur Altan Tan, with many years of experience in commerce and technology.
Current investors and partners
The list of investors and partners has not been updated in detail; however, strategic partnerships with the Brazilian, Spanish football teams, McLaren Racing, and MotoGP have established a strong development foundation and reinforced Bitci's reputation.
Summary
Bitcicoin ($BITCI) is evaluated as a promising cryptocurrency project with a diverse ecosystem and competitive advantages due to its Fan Token network and prestigious sports partners. However, risks still exist in security and tokenomics that need thorough consideration before investing.
Investors should keep an eye on the latest updates from Bitci to make informed decisions.
Frequently asked questions
What is Bitcicoin and which blockchain does it belong to?
Bitcicoin is the native Token on the Bitcichain Blockchain, used for transaction fees and exchanges within the Bitci ecosystem.
What are the main advantages of Bitci compared to other Fan Token projects?
Bitci has its own blockchain, a variety of Fan Tokens, and applications that promote fan interaction independent of a closed ecosystem.
What are the investment risks associated with Bitcicoin?
Risks include a lack of transparent information about the team and investors, a large Token allocation structure for the team, which could create selling pressure.
What products does the Bitcichain Ecosystem develop?
Includes Bitci Exchange, Bitci Wallet, Bitci Explorer, Fan Token Platform, Bitci Pay, and Loyalty Token for businesses.
How to find the latest roadmap of Bitci?
The roadmap is updated on Bitci's official website and whitepaper, with Q2 2022 being the most recent tracking point.
Source: https://tintucbitcoin.com/bitcicoin-bitci-la-gi/
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