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BitMart BCT Token Sold Out in 20 Seconds on the First Day

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BitMart BCT Token Sold Out in 20 Seconds on the First Day
Source: BitMart

Who says the IEO craze is over? Cryptocurrency exchange BitMart sold out Bicoin Token [BCT] in their Initial Exchange Offering [IEO] in 20 seconds from the start to a total of $300,000 supply on the first day of the sale. The BCT token was sold at a price of $0.027. For people who failed to purchase BCT on the first day, BitMart will open BCT sale for another two days, with a total supply of $500,000 and $200,000 respectively.

The Bicoin Token BCT] Sale

Bicoin is a one-stop cryptocurrency trading ecosystem that provides business including Bicoin token, Bicoin Trading Version, a platform for aggregate exchange, as well as quantitative services. Bicoin’s App currently has over 10,000 active daily users with thousands of KOLs trading with real money. Bicoin Token [BCT] is an ERC20 token which is a value certificate in the Bicoin ecosystem.

The BCT sale process will last until April 15th with the last round tradable price capped at 0.03 USD. Users can purchase up to $5,000 in equivalent BTC if they are holding less than 30,000 BMX. For users holding equal to or greater than 30,000 BMX in their account, BitMart allows maximum purchase amount of $10,000 in equivalent BTC.

Purchase BCT here.

The Booming IEO Market

This is the second IEO project that has debuted on BitMart Exchange. Earlier in March, BitMart launched an eight-day Kasoutuuka News[KTN] Sale and all the rounds were finished in just a few seconds. Following successful IEOs from Binance and other exchanges, the craze for IEOs appears to mimic the Initial Coin Offering [ICO] in 2017.

It’s been one of the largest increases in price, volume and market cap in months. BTC rallied to $5,400 while other altcoins also saw impressive double-figure gains, leading most to believe the crypto winter was over and a more promising season is upon us. With the current turn in market sentiment, the popularity of IEOs is likely to increase as quick profits can be expected from faster exchange listings.

About BitMart

BitMart is a premier global digital asset trading platform in the cryptocurrency market with over 700,000 users worldwide and ranks among the top 5 crypto exchanges on CoinMarketCap. BitMart currently offers 205 trading pairs with one of the relatively low trading fees in the market. BitMart’s daily trading volume ranges from $800,000,000 to $1,000,000,000 and total trading volume has reached over $55,000,000,000 since launching in March 2018.

To learn more about BitMart, visit their Website, Twitter or join their Telegram.



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Press Release

Are Blockchain Casinos on the rise?

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Are Blockchain Casinos on the rise?
Source: Pixabay

Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.

Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.

What Is A Blockchain Casino?

Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.

A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?

Why A Blockchain Casino?

You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.

This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.

When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.

Issues With Blockchain

There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.

The Rise Of Blockchain Casinos

From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.

Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.

Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.

With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.

Final Verdict

It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.

On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.

We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.

Source: Buzz Engine

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