The crypto space is full of new innovative platforms, but one that truly stands out is Business. Club. This crypto wallet firm is also the first to issue debit cards and to offer referral commissions to its users, in addition to an integrated social network.
Business.Club is a blockchain-based ecosystem that supports a variety of different crypto services and products. Besides, it also has its own native crypto, a cryptocurrency wallet that brings profits, a social media platform, and a series of VISA debit cards.
The company has recently applied for a license from the Electronic Money Institution, which would allow them to issue cards in Lithuania.
The Native BCT Token
The Business.Club Token is the native cryptocurrency of the Business.Club platform. BCT tokens enable its owners to perform trades against other cryptos, to have instant fund transfer between other wallets on the blockchain, and to purchase file storage space, ads, features on the social media platform, and tip other users for their content.
The most advantageous feature of using BCT is that, by staking the coins in the platform’s Active Wallet, users will receive daily profits based on the amount they hold in their wallet.
The value of one Business Club Token will be 1 BCT = 1USD until the token enters the external market. The circulating supply of BCT will increase until it reaches 720,000,000 BCT, with new tokens being created when Active Wallet users purchase BCT.
In the following two weeks after the supply hits its cap, the BCT token will start trading on both internal and external cryptocurrency markets. Within those 14 days, users have the option of selling back their BCT to Business.Club for 1 USD per coin.
The Active Wallet
The Active Wallet is the proprietary wallet developed by Business.Club, which supports the staking of BCT tokens and delivers daily staking profits to its holders. The wallet also allows users to store, buy, sell, and convert other digital assets, such as Bitcoin, Ethereum, Litecoin, Monero, Ripple, Tether, Bitcoin Cash, and Dash.
What amount of profit can you make by staking BCT in the Active Wallet?
As BCT is used on the entire platform, a part of the profit made from transfer fees is given to BCT holders in the form of new tokens, which are then deposited in their Active Wallets. This staking method is similar to the dividends handed out by a company to its stockholders. The more BCT tokens you stake, the higher the profits you will have.
Your Active Wallet staking rewards depend on how many BCT tokens you own and the number of transactions made on the blockchain. The percentage of the profit is also correlated to the number of BCTs you return to the Business.Club either through buying the platform’s services, products, or the referral commission received.
The profit you can generate from BCT will fluctuate between 0.3-0.4% per day, with an average of 10% per month of the deposit.
Business Club VISA Payment Cards
Business.Club has also created its own series of VISA debit cards, which enable users to store, buy, sell, or spend fiat and cryptocurrencies. Thus, it is the first wallet provider which is also an issuer of Visa debit cards that support crypto.
The five cards to be issued are Space Black Metal, Pearl White Metal, Pure Gold Metal, Royal Blue Plastic, and Leaf Green Plastic.
Each card varies in terms of the cashback amount, withdrawal limits, and how many BCT tokens you have to stake in order to receive the card. The Leaf Green Card is the only card that does not require any staking, and you can just get it by signing up for an Active Wallet.
To be eligible to receive a card, users will have to first stake BCT for a minimum of six months.
Business.Club will be able to issue all cards once it receives its Malta Financial Services Authority License by Blockchain Business Solutions LLC.
Fees and Limits
Users on the platform are able to transact without having to worry about any limits.
Transactions incur a fee of 0.25% of the transferred amount (minimum 1 BCT), which is applied to all BCT transactions. After the token supply hits its cap, the transaction fee will be lowered to 0.005%.
Business Club Blockchain (BCB)
The blockchain – on which Business.Club operates – has been developed to offer complete transparency and security to its users, so that they can easily verify and analyze all BCT transactions by accessing https://business.club/explorer.
Business Club Virtual Machine
BCVM (Business Club Virtual Machine) is a completely private and secure runtime environment. The entire code that works within the BCVM is not connected to any external resources, such as the network or cloud system.
BCVM executes the code in a deterministic manner, according to a big-endian order using 256-bit words.
BCContracts is an innovative use of smart contracts, which are self-executing pieces of code that can be programmed to act as a contract. Through coding, the text, which is the legal contract in natural language, is converted into machine language, which allows the contract to fulfill a set of stipulated requirements.
Business Club Social Network
When you sign up for an Active Wallet, the platform will automatically open an account on the Business Club Social Network. This online social platform was created to offer users a place where they can improve their business by getting into contact with other business-savvy participants.
Other features that are available on the network are ad spaces, an encrypted chat, sponsored content, cloud storage, and video streaming.
Active Wallet users can increase their profits by getting commissions for introducing new members to the platform. The referral system of Business.Club permanently connects the account created using a referral link or username with the account that first made the referral.
Business.Club is an innovative blockchain platform that merges secure and efficient crypto storage as well as transfer with social networking and an abundance of other profitable services.
Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.
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