It is worth mentioning that BlooCYS wants to improve the experience of users within this platform through the implementation of the smart contracts. The smart contracts will be fulfilled through the utilization of the utility coin. In this platform, the utility token is referred to as CYS Tokens.
CYS Token is compliant to ERC-20, and it is used on the Ethereum blockchain. This platform believes that CYS will make a big difference regarding the operation of BlooCYS. For instance, unlike the other platforms that payment is made through credit cards and fiat, this platform encourages the use of its coins that will protect the users against criminals and fraudsters. This is what is what will seal the smart contract.
BlooCYS has a total number of 1,000,000,000 CYS Tokens. Note that the platform plans to use the reserve fund for its businesses as well as network developments, token liquidity and the future financing needs of the platform. This is how it plans to distribute its tokens:
40 percent of the total Tokens will be availed for token sale as well as bonuses, 10 percent will be set aside for reward and bounty, 5 percent will be allocated for advisors and early supporter, 15 percent will be set aside for founders as well as team and finally, 30 percent of the remaining CYS will be reserved. As mentioned earlier, all the tokens raised from the CYS Token sale will be mainly used for the development, promotion as well as the growth of the BlooCYS platform.
Even though BlooCYS platform strongly believes that crypto payment is quite beneficial for users due to the kind of transparency it offers its users and cost-efficient, the platform is still supporting fiat payment at the beginning of this project to increase user adoption as well as provide easy transition for users especially those who are still new in blockchain as well as cryptocurrency market.
Learning more about CYS Token
When it comes to selling or buying CYS tokens, BlooCYS allows its users to sell CYS token back to the platform and be paid in fiat currency. It is believed that such kind of token ecosystem design is going to establish a cycle of supply as well as the demand of token in the platform thus enabling the users to benefit from the same.
Buying and selling CYS token in the platform
BlooCYS is making efforts of letting its users aware of the benefits of using CYS tokens over fiat payment. It is anticipated that over time, the platform is going to adopt CYS Token as its primary currency. With its exchange, there is guaranteed simplicity, especially for users when they want to buy as well as sell CYS token using local currency. It is important to state that BlooCYS users are going to use fiat currency to perform the following:
- Purchase the CYS Tokens where it is also expected that BlooCYS is going to set up a predetermined exchange based on the major currency.
In those above, it is evident that CYS tokens are not only important regarding being used as a medium of exchange within the platform, it is also going to provide security as well as enable the execution of the smart contracts.
Official links for more details,
Website Link : https://www.bloocys.com
Whitepaper Link : https://www.bloocys.com/wp-content/uploads/2018/09/bloocys_whitepaper.pdf
ANN Threads Link : https://bitcointalk.org/index.php?topic=5037566.new#new
Twitter Link : https://twitter.com/bloocys
Telegram Link : https://t.me/bloocys_official
Facebook Link: https://www.facebook.com/BlooCYSOfficial
Youtub Link: https://www.youtube.com/channel/UCPhBeicsynGcFtb5zdlkPlw
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1472403
