In a crypto-verse that's increasingly pro profit and blindly FOMOing, forgetting the ideals of blockchain focus on empowerment and emancipating users from the clutches of poverty, BITSEC is determined to change the narrative.
Posting on Twitter , the platform said it is releasing what will be the "biggest utility token" on the secure, highly adopted BNB Chain.BITSEC is Releasing Bitcoin 2.0Preceding this announcement, BITSEC released its whitepaper on May 12, 2022. Typical of any whitepaper, the platform's creators are determined to distill all complexities and lay down their vision-mission statement clearly for all users across the globe. The paper describes their grand plans and breaks down the project's tokenomics.
Even amid the global financial crisis that has seen the crypto market shrink by double digits, BITSEC remains bullish. Behind their confidence is a well-architected plan and zeal to exceed its global fan base expectations.
Mirroring the visions of Bitcoin's creator, BITSEC is confident its solutions enhance the digital gold to qualify as Bitcoin 2.0, complete with a fully functional ecosystem to achieve equity and fair distribution of wealth.BITSEC's Components: A DEX, Launching Pad, and a High Yielding Staking ProgramBITSEC consists of four critical components, creating a cyclic system whose synergy benefits platform users. Central will be the BITSEC's BTS BEP-20 fungible token deployed on the BNB Chain serving governance and utility roles. There will be 21 million BTS in total supply, with an initial circulating supply of 7.3 million BTS.
The launch from BNB Chain is by design and meant to relieve users from the high trading fees experienced in alternative networks like Ethereum. At the same time, the BNB Chain will satisfactorily handle the resource demands from BITSEC.
Besides, BITSEC plans to launch a decentralized exchange (DEX) called Bitswap, enabling fast, low-fee swapping of its...