BCNT Token
Last updated
Last updated
BCNT issued by Bincentive is an ERC20 utility token built on the Ethereum blockchain in 2018 that also supports the ERC865 standard.
Initial utility functions of BCNT
1. Sophisticate market making and arbitrage trading solution
2. Basic customer base and channels for existing products
3. On-chain/Off-chain fund admin smart contracts
4. Market making exchange partners
BCNT is used to activate smart contracts between members and trading experts. It also serves as the profit-sharing payment for trading experts on the Bincentive platform. BCNT can also be applicable in business solutions such as settlements and billings, serving either as a bonus paying tool, a bridge connecting financial services or as a trading medium to augment liquidity.
In 2021, Hotpot Finance wants to add a new flavor to BCNT. Where Pancake has Cake as its token, Hotpot has its BCNT. BCNT is now on PancakeSwap, which is built on Binance Smart Chain (BSC).
To create more decentralized use cases, Hotpot realizes that BCNT should not be limited to decentralized exchanges. There should be more on-chain value for BCNT.
Below are BCNT's new use cases.
Users can obtain BCNT rewards by providing liquidity to pools. By gaining substantial staking and boosting rewards, impermanent loss or loss due to bearish coin value is likely to be compensated.
By staking and participating in DAO Governance, BCNT holders will have the opportunity to make a difference in future development of the protocol, voting which on-chain assets that our coin holders would like to be a part of, or decide pre-cascaded public chains or new usage scenarios of other tokens.
Hotpot Finance will migrate the BCNT model to other illiquid tokens with value. Hotpot's advocates (sales) span globally. Hotpot will be applicable in multi-chain and NFT markets and provide distinguished institutional solutions, hedging & prediction derivatives, etc.
The cross-chain bridge provides essential digital pathways that allow Dapps, money, and data to move seamlessly from one blockchain to another. Besides BSC and ERC, BCNT will also integrate cross-chain.
However if Hotpot Finance does not satisfy all your needs, we also offers extra incentive loyalty programs to encourage users to stake their BCNT on Bincentive platform for higher interests on stable coins. Every BCNT holder will be able to buy a fixed amount of BCNT to earn more interest.
Level | Fixed APY on stablecoin | Staking amount (BCNT) |
01 | 8% | 0 |
02 | 9% | 4,000 |
03 | 10.5% | 25,000 |
04 | 12% | 200,000 |
*Required BCNT amounts for the Loyalty Program may be adjusted according to the market price.
