Unique and intriguing phenomena always unfold in the fast-paced crypto arena. BNB whales have found themselves irresistibly drawn to a new player in the crypto arena, Bitcoin Spark. This newfound attraction involving individuals with substantial holdings of the BNB coin is sending ripples through the digital asset ecosystem and piquing the interest of many investors.
Binance Coin
Binance Coin, symbolized as BNB, is the cryptocurrency linked to the Binance exchange. It first operated on the Ethereum blockchain as an ERC-20 token but later transitioned to the Binance chain. In July 2017, it was introduced through an ICO, capped at 200 million BNB tokens. The ICO allocated 10% to angel investors (20 million), 40% to the founding team (80 million), and the remaining 50% (100 million tokens) was made available to participants. Funds raised in the ICO were apportioned. Almost half is reserved for Binance’s branding and marketing, and the rest is allocated for platform development and ecosystem enhancements. Today, BNB Coin serves as the native currency on Binance’s proprietary blockchain.
BNB Coin, initially designed for discounted trading fees in 2017, has evolved to serve various purposes across numerous platforms. It’s utilized to cover transaction fees. It can be used for payments and to enable booking travel accommodations through websites like TravelbyBit and supports entertainment aspects like virtual gifts, card packs, and lotteries.
Bitcoin Spark (BTCS)
BTCS is driving a magnetic pull in the crypto space thanks to its record ICO at $3.50.
BTCS attracts investors across chains, notably BNB, ETH, SHIB, and DOGE whales. BNB whales seem not to get enough of this coin, as this attraction seems magnetic. BNB whales’ interest in BTCS presale is testimony to its high-flying status, as crypto whales play a crucial role in boosting the popularity of a digital currency platform. Bitcoin Spark operates a stable and secure framework that has undergone rigoroussmart contract audits and KYC.
Bitcoin Spark aims to democratize mining and investment processes in its framework. BTCS embraces accessibility and inclusivity by leveling the mining and investment field. BTCS provides an affordable entry to a project that mirrors Bitcoin when its value was $1 to allow investors to relive what they missed. BTCS’ Proof of Process technology ensures miners with extra processing power share by renting out. Its Bitcoin Spark application is available on standard devices.
Bitcoin Spark rewards miners for work done via computing power contributed and stake amounts. The reward system is non-linear and fairly distributed across miners to curtail control by those endowed with abundant resources.
Bitcoin Spark’s roadmap depicts exciting plans after launch, including dApps development, smart contracts, and a Bitcoin Spark Wallet.
Learn more on BTCS and ICO:
Website: https://bitcoinspark.org/
Explore BTCS: https://network.bitcoinspark.org/register
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