Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Furthermore, fiat was the standard for all transactions, except in certain special cases where precious stones, gold and other materials were used for the exchange. These fiduciary currencies proved to be extremely inefficient because they were mostly controlled and the users had little or no influence over them. Government banks and parastatals that handled issues related to the transfer of payments and other forms of sending/receiving foreign exchange often charged exorbitant fees for the transactions that were made, which discouraged valuable business decisions for investors. Therefore, numerous issues that existed due to the limitations of the use of fiat, have been resolved or are in the process of being.
For this reasons, I want to introduce you Bitsmo (BTSM), an intuitive and innovative exchange platform, which was specifically designed with the purpose of ensuring that users have superior and efficient usability during transactions. The platform integrates numerous features. Each feature solves a specific problem that has gone unanswered in previous models.
As I said, Bitsmo (https://bitsmo.io/) an intuitive and innovative exchange platform, which was specifically designed with the purpose of ensuring that users have superior and efficient usability during transactions. The platform integrates numerous features. Each feature solves a specific problem that has gone unanswered in previous models.
The Bitsmo platform is connected with more than
30 of the most popular exchanges to connect you
with the best price in the cryptography market,
in other words, we offer deep order books that
allow the BITSMO user to obtain the best sale or purchase price in the cryptocurrency market.
The main objective of Bitsmo is to guarantee that even as a new user of the world of cryptography, they can make transactions and trade with cryptocurrencies as easily as possible. Bitsmo includes many functions in a single exchange platform with an easy-to-use interface that allows users to easily become familiar.
Image Benefit 40% discount on trading commissions for the use of BTSM coins. 25% of the transaction fees are sent weekly to the BTSM purses. 10% of transaction fees buy the BTSM currency monthly. 3% of the transaction fees go to charities. Unlock unique features such as algorithmic trading and arbitration of robots with BTSM currency.
The project gives the opportunity to earn Bitsmo Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Webpage here (https://bitsmo.io/Signup), where you can access the link in order to see what are the conditions to become an early BTSM contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (https://bitsmo.io/?utm_source=icobench#whitepaper). You can also stay tuned in their official Telegram Channel (https://t.me/bitsmo). I hope you liked the post and soon I'll send you new ones.
Price in ICO: 1 BTSM = 0.15 USD
Tokens for sale: 100,000,000
Date Events Q1 2018 Bitsmo project starts. Q2 2018 Initial draft white paper completed and private sales begin. Q3 2018 Pre-ICO starts. Start of the Bitsmo platform development. Acquire cryptocurrency exchange license in Estonia. Q4 2018 Launch Bitsmo Exchange. Q1 2019 Bitsmo starts FIAT deposits and withdrawals facilitated by connectivity between platform and crypto-friendly banking institutions. Q3 2019 Bitsmo pre-paid card will be available to our customers.
Email: [email protected]
Telegram username: @clauming
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71