What is Bytecent Coin?
The launch of Bytecent Coin took place on November 23, 2014. Since this initial coin offering, the Altcoin traded under the short name BYC on all online exchanges for crypto currencies . In the meantime, 1.903.837 units have been mined by Bytecent Coin, but compared to other cryptocurrencies, participation in the community is worthwhile, as small amounts of BYC are distributed to each participant in the Bytecent network.
The idea behind Bytecent Coin
The intent of Bytecent is to become a cross-platform, cross-site loyalty program. Usually loyalty points can be obtained only for the purchase with in each case one offerer in the Internet. Through Bytecent Coin, it should be possible for businesses and service providers to be able to offer their customers flexible loyalty points that can then be used on any online offer that is also part of the Bytecent network.
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With Bytecent Coin it does not matter from which device a customer uses Bytecent. Whenever he runs the Bytecent client, he participates within the community, either by mining new blocks or by making transfers. So far, Bytecent is similar to classic crypto currencies, but at Bytecent everyone has the chance to do his part and get a portion of the pie, too. Anyone can cash in newly earned shares of Bytecent, no matter how long he has been there, or how much computing power he can provide to maintain the blockchain .
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Advantages for customers and service providers
Bytecent offers several advantages for both customers and online shop operators.
Benefits for service providers:
The Bytecent loyalty point model is designed to reward customers for repeated purchases from a vendor. For example, one-off customers may become regular customers if a store on the Internet offers Bytecent Loyalty Points. In addition, new customers are becoming aware of vendors who also support the Bytecent program. This is how customers can be won.
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Advantages for customers:
For the use of Bytecent no private information must be disclosed – in contrast to many other loyalty point models, customers remain anonymous and get no personalized advertising. Bytecent loyalty points are usually transferred within one minute and can also be used directly. Another big advantage is the ability to collect the Bytecent from all devices (whether laptop, smartphone, tablet PC) and to redeem the one-time accumulated Bytecent among all participating providers in the Bytecent network.
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What is the current market capitalization of Bytecent Coin?
The Initial Coin Offering, the launch of Bytecent (BYC), took place on November 23, 2014. At that time, a pro-coupon price of $ 0.498488 (USD) was directly realized, creating a market capitalization of $ 114,224. First, value of BYC declined to a historic low of 0.046062 on February 2, 2015 USD, which corresponded to a stock market value of 16.267 USD. As a result, the cryptocurrency recovered a little and remained relatively stable for a long time until it collapsed on 29 November 2016 again.
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Since then, BYC has experienced minor fluctuations, but has continued to make strong gains and is today at its own historic high with a market capitalization of $ 2,015,630 and a pro-coin price of $ 1.06.
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