Go To Blockchain.io Airdrop Campaign
In light of the growing interest in our upcoming Token Sale,
we’re providing a brief rundown of our crypto-exchange proprietary
token. The following can be found in detail in our Whitepaper. The below
serves as an introduction for investors and traders on what they can
expect.
What is a BCIO Token?
So,
you might be wondering what exactly will be the blockchain.io coin and
how it will be used. Blockchain.io coins are called BCIO Tokens. BCIO
Tokens are utility coins, designed to provide a smooth and secure
experience for cryptocurrency traders and users on our trading platform.
We are determining 200 Million BCIO tokens for use, 60% of which to be available during the token sale.
We
are launching these tokens in like manner with other ICOs. This means
you can look forward to an incentivization bounty program aimed at
fostering liquidity on the exchange.We’ll provide more info on our bounty program in a follow-up article.
BCIO
Tokens will be held in a wallet on the Exchange. Each user will hold a
certain number of Tokens both for services and to perform operations on
the exchange.
What are BCIO token usages?
Associated fees
As
detailed in the graphic above, all exchange trades— including trading,
borrowing, transfers, listing, ICO and other services — are subject to
platform fees, with the exception of BCIO token “long” trades. Users
have the freedom to pay associated fees in either BCIO tokens or another
approved cryptocurrency .
All
Services and Transaction fees paid in BCIO tokens or cryptocurrencies
are automatically deducted from the user’s Wallet. If the user does not
hold the required number of tokens or coins, the service will not be
provided and the transaction will not be completed.
Discounted trading
Concerning
some of the benefits granted to BCIO Token holders, platform fees paid
in BCIO tokens are subject to discounts, and such fees will be
discounted in several ways. For instance, we’ve established a discount
token tier system, thus some discounts will be granted according to the
total amount of BCIO tokens held by a trader.
Discount
percentages associated with each tier will be decided by blockchain.io
management after the token sale and following a survey of BCIO token
holders. We’re all in this together, people! We will provide an example
of the proposed discount framework soon.
Survey participation rights
Concerning
the aforementioned survey, we at blockchain.io want to build a vibrant,
trustworthy community. As such, we will regularly organize surveys and
polls to act as consultation among BCIO Token holders regarding the
introduction of new platform features, the listing of third party tokens
or other strategic decisions like buyback programs. Token holders will
thus be able to contribute to the blockchain.io roadmap. Each user’s
voting rights and weight will be proportionate to the number of Tokens
held in the user’s Exchange Wallet.
Loyalty & rewards
To
sum all this up, BCIO tokens will be used to incentivize platform use
and reward external developers as well as existing Paymium.com users and
early blockchain.io adopters and supporters. BCIO holders will also
have priviledged access to ICOs organized by Blockchain.io, benefit from
complimentary services and will be prioritized for airdrops.
