As regards to the last update on bnoincoin mainnnet swap exchange, we want to emphasize on the reasons and importance of requesting BNC investors to pay $50 for the BUIN which will necessitate their BNC wallets to be connected to BTC,ETH and ALTCOIN blockchain . First and foremost, Please be reminded that Bnoincoin(BNC)which is the original cryptocurrency of the bnoin investment company has not been listed on coinmarketcap and cryptocurrency exchanges. Bnoicoin only has its hybrid exchange, so that there will be no room for manipulation, scam and restriction that cryptocurrency investors faced on most crypto exchanges. Significantly, it turns out that the prices of most cryptocurrencies mostly depend on the valuation of Bitcoin. Most cryptocurrencies are correlated to BTC. Also, the concept of correlation in stock market trading refers to the phenomenon when the values of two assets move in a similar direction. However, when it comes to the cryptocurrency market, correlation may apply to all assets at once. This is what happened as a result of a massive Bitcoin price crash in early 2018, followed by a simultaneous drop in the capitalization of all other cryptocurrencies. To the above-mentioned observations, it means that Bitcoin is the front-runner and key influencer of the crypto market, and is therefore the main trendsetter that determines the movement of all cryptocurrencies.
Cryptocurrency exchange charts show that a decrease in the BTC price inevitably affects the exchange rate of ETH, XRP, Litecoin (LTC) and other assets. As such, the influence of BTC price on other cryptocurrencies according to research by some cryptocurrency analysts refer to the coinmarketcap and cryptocurrency exchanges that the integration of APIs from all cryptocurrencies to coinmarketcap and exchanges are highly connected with bitcoin blockchain. Can we say cryptocurrencies are now manipulated? Yes, indeed we can admit the fact that cryptocurrency market are now controlled and manipulated these days.
Most specifically, at the inception of the bnoincoin project we informed our investors that this bnoincoin is 100% backed by gold for its asset-based. Indeed, listing bnoincoin on coinmarketcap is being neglected to avoid BNC price manipulation. As well as, we decided to move away from cryptocurrency exchanges due to the manipulation, scam and restriction, that is the main reason why we embarked on creating bnoinxchange platform. We want to make sure that the price and data of bnoincoin is well monitored by bnoincoin administrators. On the contrary, we will only release bnoincoin project to the coinmarket and crypto- exchanges listing after 2-year of maintaining the price to a great extent and delight. Even though, if manipulation and the price trend depend on bitcoin or any factors, it will not have high negative impact then since it’s a successful project.
In particular, investors have misconception towards BNC TOKEN which we will explain better. Bnoincoin is the original cryptocurrency which brings forth BNC TOKEN. We created BNC TOKEN purposely to give liquidity to the bnoinxchange and for new investors that missed the bounty offer and crowdsale distribution of bnoincoin, so that they can also participate in the bnoincoin project .Read more https://blog.bnoincoin.info/2020/05/27/bnoincoin-is-a-real-gold-backed-cryptocurrency/
For one thing, we extended the BNC TOKEN distribution due to the circulating supply that has not been filled; the movement of the token purchase can be monitored on https://bnctoken.net/. In addition, the Bnoincoin payment method is no longer available to purchase BNC TOKEN .It was disabled owing to increase in scam through the payment method. We are happy to inform BNC investors that have ordered the BUIN that we are given out 5000BNC TOKEN to each investor that have received his/her BUIN. We concluded on this action due the reason that bnoincoin payment method to purchase token was disabled aforementioned. Also,we want investors that have BUIN to participate on the BNC TOKEN benefits. Henceforth, we promise 5000BNC TOKEN to be distributed to investors monthly.
Comparatively, in our analysis, we focus on these seven cryptocurrencies which fall into the category of having existed for more than 4 years and are within the top 15 currencies by market capitalization. These are Bitcoin, Ripple, Litecoin, Monero, Dash, MaidSafeCoin, and Dogecoin. The exchange rates of all seven currencies are positively skewed, with Litecoin, Monero, and Ripple being the most skewed. In terms of kurtosis, MaidSafeCoin shows less peakedness than that of the normal distribution; Bitcoin, Dash, and Dogecoin show levels similar to the normal distribution; Litecoin, Monero, and Ripple have significantly greater peakedness than the normal distribution. The exchange rates of Dogecoin, MaidSafeCoin, and Ripple have the smallest variances and standard deviations, indicating that their low volatility can perhaps be explained by the low values of the exchange rates coupled with the fact that their range and interquartile ranges are very limited. On the other hand, Bitcoin, Dash, and Litecoin’s exchange rates show the greatest variance and standard deviation.
Similarly, some of the top cryptocurrencies on coinmarket are less than $1 like Tether, Ripple, Cardano, Stellar, and TRON . These are the cryptocurrencies that have existed for more than 4 years. The economic perspective on cryptocurrencies is based on IT knowledge regarding the principles of their functioning. Factually, bnoincoin is a cryptocurrency that has all it takes to achieve better value, bnoincoin swap exchange and its hybrid exchange. BNC technological innovation with an ecosystem that is entirely unique from other cryptocurrencies with the tendency of having a long term bullish direction, it is provided with internal technical behavior that is above its pivot level vis-à-vis price is always behaving around the most efficient and important level of breakout point which also determines its movement to go against all deflationary factors that cause the price to decrease. Bnoincoin is a cryptocurrency that is 10- month -old. Bnoincoin is on the mission to create history in the cryptocurrency world to be the first 100% asset backed that will have its own private swap exchange and bnoinxchange hybrid platform within 11-month of existence. That is awesome; no cryptocurrency projects have achieved this. Bnoincoin want to accomplish what suppose to take them for 4-5 years.
Furthermore, 2019 has seen technologists, investors and policymakers from all walks of life entering the crypto space, making for an interesting year in terms of cryptocurrency endorsement and regulation. As these key influencers branch out around the world, 2020 is predicted to be an exciting year in terms of mass blockchain adoption. BNC is said to be one of the new cryptocurrencies that investors are currently favoring since it is 100% backed up by gold for its asset based.
Some people say bnoincoin is a scam. They attached the reasons to these which will be clarified here: They said bnoincoin started exploiting and scamming people when the bounty offer distribution of the coin was extended and also when crowd sale was introduced!!! No bnoincoin will never hurt anybody. All the stages of bnoincoin distribution were caused due to the unfilled circulating supply. *They referred to bnoincoin mining claims which is alternative to the absent of bounty offer to be another way of exploiting users by asking them to upgrade after mining: The mining is an ongoing and continuous process which gives opportunity to BNC investors and new investors that missed the bounty offer and crowdsale to participate in bnoincoin project by acquire BNC. In short, we stopped the mining claims temporary to implement some features and to give it better upgrade which the permanent mining farm will be restored as soon as the swap exchange and bnoinxchange are launched.
Investors said that bnoicnoin gives the global pandemic outbreak as an excuse that affected the human resources and the APIs approval delay from the crypto-exchanges that bnoinxchange are connected with: A scam project will never introduce an exchange, embarking on an exchange as really cost us a lot of time, money and resources which is not an easy task. Bnoincoin main priority is to see BNC investors trading and exchanging their coins and also profiting in this project.
Besides, bnoincoin investors have been asking a bunch questions with reference to the last update on blockchain unique identification number (BUIN) for bnoincoin mainnet swap exchange which cost $50 for each user. With sincerity all the questions will be answered as follows:
WHY DO THEY NEED TO PURCHASE BUIN FOR USERS WITH THE MONEY?
Trading cryptocurrencies was never this easy! By not having to go to an exchange, you will have full control over your cryptocurrency and corresponding private keys. signing into your account and placing an order every time you want to switch cryptos. More so, Crypto-swapping platforms promise to do the hard work for you, plugging into exchange APIs and exchanging coins on your behalf. claims to offer the best exchange rate possible without the need to manually place buy/sell orders. It manages this by combining over 15-50 exchanges to give users best price.
A cross-chain is the interoperability between two relatively independent blockchains .it allows blockchains to speak to one another because they’re built in a standardized way. Cross-chain implementation is mainly represented by asset swap and asset transfer, which is both an important part of the blockchain world .With cross-chains, the limitations of a single chain can be avoided.
For the purpose mentioned above, BNC users need to order for BUIN which serves as private key for user BNC wallet to connect to BTC or ALTCOIN blockchian .
WHY DO USERS WITH FREE CLAIM BNC NEED TO PAY FOR $50 FOR ACTIVATION?
The bnoincoin board of directors introduced BNC free claim to give people across the globe opportunity to partake in the BNC project, most especially people that cannot afford to purchase any fraction of the bounty offer and crowdsale of BNC. Actually, the free claim was a twice daily reward of 50 -100BNC just for user signing into his/her account every 12Hours. This free claim of BNC lasted for 2 week, which we believe that people that participate during the free claim acquired at least 500BNC at the end of BNC free claim program. With this, user with free claim BNC has to contribute to the bnc project by activating account with $50. to the extent that, 1BNC=$30 which 500BNC will be 500 multiply by 30=$15000. The user will have $15000 when swap his/her BNC.
CAN ADMIN ALLOW USERS THAT HAVE GOTTEN THEIR BUIN TO SWAP SOME BNC-BTC TO ENCOURAGE THAT OTHER USERS TO ORDER THEIR BUIN?
Allowing those with BUIN to swap a certain amount of BNC isn’t a problem. The mainnet swap exchange is a general order for all users which has been fixed. Meanwhile, the application support high number of users and it’s function depends on the countdown end date. We also embarked on the mainnet swap exchange after the excellent result of the test net done for the Merchants/marketers. The testnet cannot be done twice.
NO CRYPTOCURRENCY PROJECTS HAVE USED THE TRICK OF BUIN TO EXPLOIT ITS USERS, WHY IS BNC DOING THIS?
We will reiterate what has been said earlier. Listing bnoincoin on coinmarketcap is being neglected to avoid BNC price manipulation. As well as, we decided to move away from cryptocurrency exchanges due to the manipulation, scam and restriction. That is the main reason why we embarked on creating bnoinxchange platform and bnoincoin swap exchange application. We want to make sure that the price and data of bnoincoin is well monitored by bnoincoin administrators. On the contrary, we will only release bnoincoin project to the coinmarket and exchanges listing after 2 – year of maintaining the price to a great extent and delight. Even though, if manipulation and the price trend depend on bitcoin or any factors, it will not have high negative impact then since it’s a successful project.
CAN BNOINCOIN BOARD OF DIRECTORS REDUCE AND CURTAIL THE BUIN PRICE?
The bnoincoin board of directors have really invested on the BUIN for all BNC users for the BUIN to be affordable for all and sundry investing into BNC project. Indeed, the BUIN cost more than $50 which we have to add our personal funds from the company account automatically to BUIN blockchian generator from the chain-server. We are very sorry that the price of BUIN cannot be reduced.
WHAT IF THE BNC INVESTOR ORDER BUIN FOR 50$, THEN BNC GO OUT OF BUSINESS?
Bnoincoin is a well established project which can never go out of business .We invested time, money and resources for the project to be successful. We assure BNC users to be optimistic that BNC project is legit.
WHY CAN’T THE BNC USERS PAY FOR THE BUIN IN BNC EQUIVALENT OF $50 INSTEAD OF USERS PAYING IN BTC?
We greatly value the our bnoincoin. We always believe that something wonderful is about to happen that will make bnoicoin to be the father of all cryptocurrencies.Concerning the question, to accept BNC to be used for users to purchase BUIN is simple with the fact that if BNC has been traded on top cryptocurrency exchanges and listed on coinmarket, this will enable BNC blockchain to connect with BTC,ETH and ALTCOIN. Emphatically, BNC has not been paired with BTC,ETH and ALTCOIN in the cryptocurrency market, this makes it difficult to interact with other blockchain system. Also, the spotlight clients need to accept payment in BTC,ETH or ALTCOIN that have been traded on cryptocurrency market. We decided to involve only BTC to order the BUIN because BTC mostly used by investors. Also, for Cross-chain implementation of asset swap and asset transfer to be successful it involves BTC,ETH or ALTCOIN asset which are already traded on cryptocurrency market for years.
CAN THE BNC INVESTORS CONFIRM IF THE MERCHANTS/MARKETERS RECEIVED BUIN DURING THE TESTNET OR NOT, SO AS TO AFFIRM TO THE BNC USERS?
Yes, BNC users have liberty to ask any of the merchants.
WHAT IS THE ACHIEVEMENT OF BNOINCOIN SINCE INCEPTION?
We have BNC TOKEN which is listed on coinmarketcap, coingecko, crytocurrency exchanges and many more exchanges to be listed soon. We also have BCH TOKEN which is about to be listed on coinmarketcap, coingecko and cryptocurrency exchanges. Again, we have successfully done the swap exchange testnet for the bnoincoin merchants/marketers via the bnoincoin customized and inbuilt blockchain technology. In fact, we are the first cryptocurrency that will have its swap exchange application and hybrid exchange in 10-month of the BNC project inception.
WHY ARE INVESTORS THAT SWAP BNC-BNC ON WWW.BNOINCOIN.COM NOT RECEIVING THE BTC INTO THEIR BITCOIN WALLET?
The BNC-BTC was not received successfully into their BTC wallet due to the reason that their BNC wallet has not been connected to bitcoin blockchian . If you want it to be successful you have to order for BUIN to connect your BNC wallet.
IF I ORDER FOR THE BUIN, WHEN WILL THE SWAP EXCHANGE START?
The swap exchange starts immediately the countdown of 40 days end. Likewise, we noticed that some users are making payment which is less than the $50 required for the BUIN. This is an underpayment which can result to your BNC account to be blocked by the administrators and also it is a third party service. In a pertinent way, some users are accessing their BNC accounts with invalid and fake code to register on the application, if you are involved in this act your account will be blocked forever . Likewise, some users are selling their BNC at a discount, we advise you to desist from the act to avoid regret in the future.
To sum it up, BNC administrators never stated the specific chains and spotlight clients that we are connecting the BNC mainnet swap exchange with. Candidly, we have many spotlight clients. We only chose coinbase to be the payment gateway. The swap exchange application for it to be successful has to depend on many spotlight clients and multiple chains to enable the exchange well establish and viable. We implore all BNC users that consider BUIN as inconsequential to change their perception that BUIN and bnoincoin project is a scam. You can try as much as possible to order for the BUIN instead of selling your asset at discount. Moreover, bnoincoin will never exploit and extort its users. We always feel and share in your pains and we assure users that we will put great potentiality to fulfill all our promises . However, we do not intimidate BNC users to order for the BUIN . BNC users that believe in this project will use their discretion to order for the BUIN. “there’s light at the end of the tunnel”
Best regards Farrugia Marcellino Chief Technology Officer BNC.