I’ve seen a whole bunch of questions that you ask the Support Team, and I’d like to answer most of them. I hope you’ll find it useful!
What is a BitcoLoan Token?
It is an internal ERC20 token of our company. It is designed to operate in the BitcoLoan Protocol ecosystem which is now in its final development stage.
What Are The Key Features?
What Is the BitcoLoan Token For?
The token is a tool for preserving the BitcoLoan service integrity. It is also implemented in the CeFi and DeFi segments.
The token will be the key element in the BitcoLoan Protocol. That is, it will be issued in exchange for invested cryptocurrency and constitute your profit. The profit interest will be credited to your token balance.
The protocol hallmark is that, unlike the competition, the BitcoLoan token is issued in exchange for any cryptocurrency. In other words, it doesn’t matter whether you invest Bitcoin, Ethereum, Litecoin, or any other ERC20 token or cryptocurrency. You always get the BitcoLoan token.
You will also be able to vote and participate in the decision making with other BitcoLoan Protocol network users.
What Does the Smart Contract Do?
The smart contract that we released earlier is managing the Bitcoloan token deployment on the Ethereum network blockchain. Simply put, the smart contract is the reason you’re able to make transactions with the token.
Soon, we will release the next smart contract that will allow you to claim your tokens on Metamask.
When Can We Send the Token to a Wallet?
The smart contract allowing this feature is almost finished. Soon, we will announce its release. However, sending the token to a wallet will be available only after the end of the Tier 3 Token Private Sale, which is in mid-July.
Will There Be the Token AirDrop?
We’ve already AirDropped the token. To be exact, we’ve already got the addresses and will send the token once the Private Sale is over.
What’s With the Auditing?
We’ve just received the auditing results. You can check it out at https://intercom.help/bitcoloan/en/articles/528054.... The audit was a success, which means that we will make the smart contract code public very soon.
Is It Possible to Vote Using the Token? And How?
Yes, it is possible. All the important BitcoLoan Protocol decisions will be made jointly by the network users. The Governance Token feature will be introduced to the protocol, and we will tell you more about it a little while later.
Does the Paid Wheel of Fortune Spin Attempt Use My Tokens?
Yes, all the tokens used for paid spin attempts will be taken when it is possible. We will inform you about the token withdrawal in our blog. All the proof will be attached.
At the conclusion of this Q&A session, I was asked to remind you that the Private Sale Tier 2 is on, which means that Bounty rewards and investment bonus will be reduced while the token price will go up.
Now is the best time to take the chance and invest your crypto with the maximum bonus. This crisis in particular, as my colleagues from the financial department say, is the most opportune moment.
For you to get the maximum profit, I have a 10% promo code that adds to your investment amount. Enter the *10TOKEN* code and get your gift. The promo code will be valid for the next 48 hours!
Next week, the head of another department will also answer your questions. Feel free to ask them our Support Team or write them in the comments.
Thank you for your time!