What is bitconnect
BitConnect- A self regulated Financial system
BitConnect is 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 to find 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.
What Determines, Affects, and Influences BitConnect coin Price and BitConnect ecosystem?
BitConnect Coin price is a perceived regard for its supply and demand featuresdesigned 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.
BCC Coin Specifications:
Maximum coin supply: 28 millions
Current available supply: 6 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.
Supply and Demand
The general answer to “why Bitconnect coin valuable in terms of price?” is “supply and demand”. Price discovery occurs at the meeting point between demand from buyers and supply of sellers.
Following demand and supply model will create wealth in BitConnect ecosystem as a whole.
There are 3 channels in use to self-regulate the ecosystem:
1. COIN SUPPLY CHANNEL( Supply fresh new coins to the Bitconnect ecosystem)
BCC Mining: Total 2.6 million BCC will mine through miners. BCC mining will continue for 1 year with 10 BCC generated every 2 minutes.
BCC Staking: Total 20.4 million Coins will supply through BCC Staking
BCC minting will continue until all possible BCC come in to existence and its 28 millions. The minting new coin commence as following interest rate:
Remember: Minimum Stake Age is 15 Days which means you require to hold BCC minimum for 15 daysto start receiving minting blocks. The frequency receiving blocks depends on your stake weight.
2. COIN DEMAND CHANNEL (Creates demand in the ecosystem)
3. COIN DISTRIBUTION CHANNEL ( Coin Distribution and price discovery occurs at this point)
1. Invest in Coin Supply channel to mint new coins. The earnings are variableaccording to BCC mining difficulties.
2. Invest in Coin demand channel by BCC lending or BCC staking. The earnings are variable but steady return with capital security.
3. Invest in Coin distribution channel by trading BCC on exchange platform. The earnings are high with associated risk.
Why BCC price and BitConnect ecosystem will show upward movement over the time?
The coin supply channel has fixed steady supply of new coins, where coin demand channel is more strong and will take over the supply channel with more community members join in Bitconnect ecosystem and lend or stake their BCC.
In short, the system is designed in a way to self regulate Bitconnect ecosystem which creates wealth in entire Bitconnect community in near future.