Bitconnectcoin : Decentralized Cryptocurrency
BitConnect(BCC) is the name of newest in cryptocoin market which is developed by BitConnect team Bitconnect.co and Bitconnectcoin.co is official website of BitConnect(BCC)
Do you have social profile for your coin or groups if there are can you please send us all the links?
Yes, we have many social groups and profile of bitconnect.
Facebook : facebook.com/bitconnectcoin
Google Plus : Plus.google.com/109575005310593946672
Twitter : https://twitter.com/bitconnect
Youtube : Youtube.com/Channel
Bitconnect Community- Bitconnect.co/Community
Is there an ICO/Premine for this coin?
Bitconnect Coin ICO held from 15 november 2016 to 26 december 2016.Only 4.8 million BitConnect coins premine during ICO period.
What is algorithm behind the coin? Standard hash solving mechanism,or like in Primecoin case mining involves finding Cunningham chains or something else?Is coin POS/POW or mixed?
BitConnect coin uses a special algorithm called the POW/POS to secure the BitConnect Coin network.BitConnect Coin it becomes an interest bearing asset with predefine return per each year through PoS minting.
In addition to PoS mining, BitConnect coin can be mined with CPU/GPU and does not need an ASIC miner like Bitcoin does.
What is the purpose of the coin? (Is is only used as currency or there is some deeper system behind it?)
BitConnect is a self regulated Financial system, It’s an open source all in one bitcoin and crypto community platform designed to provide multiple investment opportunities with cryptocurrency education where it is entirely possible tofind the independence we all desire, in a community of like-minded, freedom loving individuals who, like you,are seeking the possibility of income stability in a very unstable world.
BitConnect Coin price is a perceived regard for its supply and demand features designed during bitconnect coin algorithm along with bitconnect lending platform. The future value of BitConnect Coin is a result of many aspects coin supply mining and minting algorithm, BitConnect community network, and its features. This guide discusses the most important factors that lead its users to consider BitConnect coin to be valuable as of now and in near future.
What is special about the coin? Is it having any form of unique solution implemented?
Bitconnect coin is developed on demand and supply algorithm by using POS, Limited supply will be available in crypto market.
Maximum coin supply: 28 millions
Current available supply: 5.5 millions
Fresh New supply: Adding 23 million more via BCC mining (2.6 million) and
BCC minting (20.4 million) over the time and its purely dependent on public demand.
Does dev or the team have any experience that makes them likely to succeed?
In less than one year, BitConnect’s online community has gained over 50,000 around the world, added a news department, engaged with online leaders like Kim Dotcom, successfully launched its own digital currency, added a Bitcoin wallet, an innovative Bitcoin lending system,and surged from zero traffic to a top 80k Alexa ranking. Plenty of hard work and good times were had along the way.
“BitConnect mission is to provide crypto education and provide multiple investment opportunities to
empower people financially,”
“We have placed most crypto features that you can see on other websites, so BitConnect has just been preparing itself for the long run in crypto-world. “After one of the most productive initial years for any Bitcoin-related business in history,it is time to start building for the future.
So what can BitConnect do for an encore? Nakamoto has a lengthy to-do list, but it always starts with the BitConnect members.
Can you follow through in your projects?
Yes, we are maintain Bitconnect project as per public requirement,bitconnect Road map : https://bitconnectcoin.co/roadmap
What percentage of coins in circulation will the main developer have?
70% of Pre-mined coin sold during ICO and distributed to community as bonus to them.
The remaining 30% has reserved by BitConnect Team for marketing, press release and development of system.
Which algorithm will be used to verify the transactions, what is the mining reward structure and how would it be sustained?
Pos/Pow algorithm will be used to verify the transactions as now. The POS only verify transaction after 1 year of Coin launch.
Every transaction on the network carries with it an implicit Proof-of-Stake in the network.
The creator of the transaction wants the network to accept it and the receiver of the
transaction is making decisions on whether or not to ship goods based upon whether or
not the network has accepted the transaction. It is clear that those behind the
transaction have a stake in the health of the network. After all, the network is worthless
if transactions cannot be executed as expected. A well functioning network will have
thousands of transactions every single block. This represents thousands of stake
holders who could be contributing to the security of the network.
How were the software clients generated (did they use the main Bitcoin client or something else to make their software)?
In BitConnect Client, we customized power full network connection part and created smooth design layout script of bitcoin client.
Is the coin deflationary with hard cap of coins or not?
Bitconnect is not deflationary hard cap of coins because BitConnect coin designed on demand and supply algorithm and it is decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency and even earn a substantial interest on investment. This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network.
Was is heavily premined, how many coins are in the hands of devs?
Not it was not heavily pre-mined, For marketing, PR and development, Bitconnect have unsold ICO Coins.
If you ever had the chance to talk with Satoshis what would you ask?
We won’t ask anything, we will discuss.
Even Vitalik Buterin with Ethereum can’t beat Bitcoin. How you gonna do it.
BitConnect aims is not to beat bitcoin or others coins, BitConnect here to provide cryptocurrency education with investment opportunity to
find the independence we all desire.
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