The new generation of token: Value token By BTC Peers
The crypto market is growing rapidly, but many tokens – according to Coinopsy over 2200 cryptocurrency networks, up 16% since April 2021 – have died and the tokens’ price became 0. A lot of investors have lost everything they invested, even with favorable market conditions. The primary reason is the inability to find any additional value from speculative cryptocurrency projects. Even top tokens are vulnerable to the same risks, so fluctuations in demand and supply can only alter their value.
Some coins are set in value. Because of their intrinsic function, stablecoins can preserve their value while unable to grow.
That’s why BlockBen has created an exciting alternative, in the form of eBSO, the first value token in the crypto world. The eBSO token does more than just combine the two types of tokens mentioned.
Minimize your risk, maximize the potential
The market value of an eBSO is determined through the interaction between two factors.
This unique concept is called the “growing basic value”. It is an asset that has a base value (just like stable coins), but this isn’t a fixed amount. Instead, it continually grows. eBSO makes a pool where the company can accumulate a certain percentage of all transactions in the BlockBen eco-system. These can either be stored in the company’s wallet or used in any transactions using the assets on the blockchain. BlockBen includes many tokens such as the crypto index token BIT TOP20+ and BNOx which are stable coins based on gold. It’s easy to see that the more transaction happens in the ecosystem the faster this pool grows, and so does the value of the token: eBSO.
Another interesting aspect of the pool is that the accumulated fees can be credited in gold. The token is more resilient to fluctuation, both on the crypto- and the traditional market. Gold also makes it less volatile. BlockBen has over 58 kilograms of gold in its gold pool, which is worth more than 3.2M US dollars. The amount is approximately 20% of Estonia’s National Gold Reserve. The eBSO’s community gold pool is regularly audited, insured, and being guarded in a secure safe in Zurich, Switzerland. A buy-back option is another feature offered by eBSO. This allows people to easily sell their eBSO regardless of market conditions.
Another factor that affects the eBSO prices is their market value. This is the expected outcome of both sellers and holders on exchanges that eBSO can be traded. Through the adoption of tokens and new products, the ecosystem can continue to grow. “As the ecosystem grows, the more important eBSO will be in the future, and people can price that relevancy on the exchange markets,” says Zoltan Veszer, Head of eBSO at BlockBen. BlockBen accomplishes all this while remaining a fully compliant and licensed institution which is rare in the crypto market.
LBank lists eBSO
LBank Cryptocurrency Exchange now has the token. It was launched on September 22nd 2021. BlockBen officials expect steady growth based on the positive initial reaction and consistent daily trading volume. Additional exchanges could also be added to facilitate this process. “We see that traders are enthusiastic about eBSO. The listing served as a test for our value-based model, and the successful launch validated the concept further,” said Attila Krocsek, the company’s Head of Business Development.
BlockBen, a company registered in Estonia, has gained the public’s attention for its digital developments. In 2018 BlockBen won the Innovative Product Award at the Cryptocurrency Expo in Singapore and just recently got the Financial Bridge Builder of the Year award at the eFINANCE & Fintech Festival in 2021 in Hungary. BlockBen operates with all the necessary legal licenses „providing a virtual currency service” and “purchasing and wholesale of precious metals and precious stones” acquired from the Ministry of Finance and monitored by FIU in Estonia.
In order to expand the company’s ecosystem, the company continues to develop new products. These include additional tokens of the crypto index token that have different risk-reward profiles. Natrix, an enterprise solution which adheres to Satoshi principles and is compliant with all regulations, is Natrix. This ecosystem may include services and products based on Blockchain that are not limited to digital finance.