On December 14, Coinlist will officially open the Token Sale . This is relatively positive news for the AI-powered Non-Fungible Token Analysis project to combat money laundering, fraudulent transactions and bring accurate value to this digital asset.
So to know if the project is really good when it appears on Launchpad Coinlist, let's find out more with Allinstation!
What is bitsCrunch?
BitsCrunch is an Indo-German Blockchain analytics startup that specializes in combining AI with blockchain technology. Founded in 2020, the company has a mission to leverage the full potential of AI to bring new blockchain-based services that are more secure and trustworthy, starting with services for the Non-Fungible Token ecosystem.
BitsCrunch uses AI-based analytics tools to determine the fair price of Non-Fungible Token, identify wash trading alerts, and XEM whether the Non-Fungible Token is a copy or counterfeit of the genuine asset. The company is headquartered in Germany and India.
The company believes that investors in the constantly evolving space need better access to data that will protect them from counterfeits and being misled by non-genuine volume .
Project highlights
BitsCrunch's core products
BitsCrunch has several products in its portfolio, some in the works and some in development. But their core products are the following:
- AI application in Scour Wash trading – A platform designed to detect and flag wash trades in the Non-Fungible Token market.
- Analytics Dashboard, comes with built-in Non-Fungible Token Analytics based on certain Key Performance Indicators (KPIs) like floor price, Market, primary and secondary sales…
- The Liquify price value estimation AI tool helps determine the fair value of digital assets. It is currently in the MVP stage and is testing with Rarible Marketplace.
- Digital Asset Counterfeit Detection System, is an AI model for flagging counterfeits, illegal copies, and pirated digital art content to protect creators.
Issues bitCrunch is solving
The Non-Fungible Token ecosystem is plagued by a number of problems, including asset counterfeiting, wash trading, unfair pricing, absence of trustworthy information, etc. Due to these problems, fraudulent activities are not must be rare in the Non-Fungible Token market. Each platform developed by bitsCrunch aims to solve these problems. The company wants to act as a watchdog powered by AI technology to find manipulators and their activities in the Non-Fungible Token ecosystem.
What makes bitCrunch stand out?
The entire project aims to increase trust, safety, and acceptance of Non-Fungible Token, which makes them the guardians of the Non-Fungible Token ecosystem. bitsCrunch is also not limited to any single blockchain platform, and the solutions they develop work on the Ethereum , Polygon , Polkadot , and Avalanche blockchains. They also Chia impactful insights from sourced data by leveraging the power of analytics systems.
It is necessary to combine data, technology and people in one context to best understand the Vai of stakeholders in the digital ecosystem. As we move to a virtual world because of the pandemic, there is a greater need for AI and blockchain technology to come together to develop reliable automated solutions that can meet our various requirements. . That's why the role of companies like bitsCrunch is even more important today than before.
Basic information about Token
Token Metrics
- Token Name: BitsCrunch Token.
- Ticker: BCUT.
- Blockchain: Ethereum.
- Token Standard: ERC20.
- Contract: Updating…
- Token Type: Utility, Governance
- Total Supply: 1,000,000,000 BCUT
- Circulating Supply: Updating…
Token utility
BitCrunch Token (BCUT) functions:
- Facilitates smooth operations within the network
- Token are used for DAO as a way to help the project align with the needs of product users.
- Staking, data users can Stake Token to receive discounts when querying data.
- Ensure network security.
Token allocation
- Staking: 10%
- Ecosystem: 20%
- Reserve: 23%
- Seed Sale: 10%
- Private Sale: 10%
- Strategic Sale: 2.5%
- Public Sale: 7.5%
- Team: 15%
- Advisors: 2%
How to join Coinlist
The sale will begin on December 14, 2023 at 17:00 UTC.
- Supply: 60,000,000 BCUT Token , with an additional 5,000,000 BCUT Token reserved for promotion
- Price: $0.055
- Unlocked: 20% unlocked at TGE, then linearly unlocked within 12 months
- Initial purchase limit: Minimum $50, maximum $2000 (only USDT/ USDC accepted)
Users who need to pre-deposit and purchase at least $350 in BCUT Token will be eligible to receive an additional $25 in BCUT Token .
Registration closes on December 11, 2023 at 12:00 UTC.
Token payment schedule
Roadmap
The project has a relatively long roadmap from 2023 - 2027, aiming for regular upgrades Chia into 3 phases.
- Phase 1: Towards building a network of dApps, deploying Mainnet,...
- Phase 1.5: Improve reward system, node operation system and data
- Phase 2 and 3: Deploying Incentivized Testnet phase 2, Administration, enhancing reward system and community contributions.
The project's road map is said to be quite long-term, but the milestones still have to wait until voting through DAO. The use of such a long roadmap also raises a lot of debate about the "drawing" factor.
Project team, investors & partners
Project team
Investors
BitsCrunch has raised $3.6 million in a private Capital round from lead investor Animoca Brands with participation from Coinbase Ventures, Crypto.com Capital, Polygon Studios, Borderless Capital, and more participating. into this round.
Angel investors from Huobi's former CXO, Biconomy's CXO, Frontier and experts from JP Morgan, Goldman Sachs and Facebook also support the project.
In addition, in the most recent Strategic rounds, bitsCrunch also raised a one-time $2.4M from Hashkey Capital, Gate Labs, Chainlink, Jets Capital and Cypher Capital and the latest Strategic round on January 31, 2023 from Tykhe Block Ventures .
Partner
BitsCrunch's partners are also extremely diverse, operating in both crypto and traditional finance, notably Polygon, Chainlink, DappRadar, EY, pwc,...
Frequently asked questions
What is the project's official information channel?
Where to get Testnet Token BCUT?
- BCUT Token can be Faucet below this link
Identify
Bitscrunch is the latest project launched on Coinlist, an incubation platform for potential projects.
BitsCrunch provides a secure and trustworthy trading experience for customers, working towards the long-term goal of protecting the Non-Fungible Token ecosystem globally.
The project will have a total supply of only about $55M if considering the listed price on Coinlist of $0.055, this is considered a pretty good price to hold the line waiting for the uptrend. Coinlist seems to be timing relatively well during the period when the market is flooding with goods.
summary
Allinstation has provided you with detailed information about the BitsCrunch project. Let's learn and evaluate the project to make the wisest investment decisions, good luck everyone!!!
