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Bitcashpay (BCP) Token to Launch Decentralized Liquidity Contribution Event on January 2, 2021

Ownerless Uniswap Liquidity

In most guides on how to start a business, crowdfunding is oftentimes mentioned as a way to gather funds. It works by using small amounts of capital from a large number of individuals to support finance and further the developments of a certain project.

It works almost the same way with ICOs or Initial Coin Offering in the cryptocurrency world. Although some ICOs yielded massive returns for investors, there are quite many as well that only gathered for themselves. The appetite of small and huge investors for gigantic gains in a short period of time excites many fraudulent activities in the community.

There have been many exemplary ICO scams out there to be a telltale for future investment seekers. Although there are also legitimate projects out there, it is widely more unanticipated that they are going to sell on their investors — and this is what we are all preventing.

ICO Problems and DLC Solutions

The lists go on if we’re to identify ample problems relating to ICOs but it mostly boils down to 2 items: Missing funds and Low or No Liquidity

Missing funds — Several factors may affect why a project’s funds could go missing. It usually involves the team themselves running away. Either a fake office or a stolen photo could do the job. Misrepresentations are also one ticket to missing funds.

As social media has been the go-to for “legitimate” information, it can be used as well to misrepresent a project. This is a very common practice even outside of cryptocurrencies.

Projects “hire” famous personalities to promote their goods and services only to come up with cheap results, eventually pocketing investors’ money. High profile YouTube personalities can eventually increase the exposure of the project but if they too are paid shillers, the negative effect could be anticipated sooner.

The point is, as long as the team has control over the garnered funds, there will likely be more problems especially if they decide to do so.

Insufficient Liquidity — The technical definition of liquidity is, “The degree to which an asset or security can be quickly bought or sold in the market without affecting the asset’s price”. Providing more liquidity can be very crucial to any project especially the small ones.

They are very dependent on day-to-day traders to increase their volume. However, there have been so much unseen entries as to preventing low liquidities and try as they might, it usually boils down to the no.1 reason above — missing funds.

Liquidity begets liquidity as they say, especially in a cryptocurrency market. After an ICO ends, liquidity is their next problem. So many projects with very high liquidity that has gotten free listings to many centralized exchanges and also projects with very low liquidity that has gotten them in trouble.

Some other major factors affecting liquidity are price appreciation and depreciation, buybacks, dividends and locking liquidity.

Decentralized Liquidity Contribution or DLC as we termed it, is BitCashPay’s solution to these aforementioned obstacles. Unlike the traditional ICOs where the project owners or team members gather funds to “further develop” the project ( or simply run away ), participants to our DLC will directly contribute to Uniswap’s ETH/BCP pair.

Ninety-five percent (95%) of accumulated funds during our DLC event will go directly to ETH/BCP pairing in Uniswap and only five percent (5%) will go to the team to be used for further development. There will be a total of 300M BCP tokens up for grabs on our DLC event with a hardcap of 20,000 ETH.

It means that the maximum amount one can get in exchange for their 1 eth would be 15,000 BCP tokens only. In any case, the contributions exceed the hardcap, there’d be less amount of BCP to be distributed. Sample computations are as follows:

a.) Total contributions during DLC event: 20,000 ETH — each 1 eth = 15,000 BCP tokens

b.) Total contributions during DLC event: 10,000 ETH — each 1 eth = 15,000 BCP tokens

c.) Total contributions during DLC event: 21,000 ETH — each 1 eth = 14,285.71 BCP tokens

d.) Total contributions during DLC event: 30,000 ETH — each 1 eth = 10,000 BCP tokens

If the hardcap is reached, that is 20,000 ETH, 19,000 ETH will be sent directly ( through a smart contract) to UNISWAP and will be paired to another 300M BCP tokens. This ETH/BCP pair will be forever locked. No one will be able to remove this liquidity, not even the team or any developers. The remaining 1,000 ETH will be spent by the team for further developments.

Summary

The DLC event will start on January 2, 2021, and it will end on March 31, 2021. During BitCashPay’s Decentralized Liquidity Contribution event, triple benefits can be perfused to our contributors. Grab a share in the 300M BCP pool, contribute to the development of the project with the 5% fund and contribute to the ownerless liquidity to be provided in Uniswap with the 95% contribution.

Since Uniswap will have a majority of the volume in liquidity locked, it will be quite difficult to manipulate the price and there will be more time for growth. After the DLC event, contributors can get their tokens and start staking as well in the BCP Platform. Visit our website https://bitcashpay.net and join in our social media.

Disclaimer: This is a paid press release. Coinfomania does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their research before taking any actions related to the company stated in the press release. 


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