BitcoinNYK Backed Dollar (BBD) stablecoin is now live on Bitcoin Cash as an SLP token. The team disabled a dividend tool after it accidentally sent tokens to wrong accounts, and the coin has gained roughly 50% in value over two months. New features include user-ID transfers, low fees, and fast transactions.
Welcome back to the channel. I hope you're having a great evening. So BitcoinNYK back dollars are now on Bitcoin Cash. Uh, this is actually an SLP token on the Bitcoin Cash blockchain. Uh, I'm a big proponent of Bitcoin Cash. I really like the chain, and we're very proud to have the BitcoinNYK back dollar on there. At this time. That means that the Bitcoin NYK backed dollar is going to have the protection of the Bitcoin Cash blockchain. It will be available in several wallets, and this is going to be a good situation for, um, people who hold Bitcoin NYK backed dollars. They're now able to move their multi-chain and put them safely in a wallet. So That's very good. They will be as stable on the Bitcoin Cash chain as they are on other chains. And so for people who hold them and are as excited about them as we are, looking for that time when they might can sell them and they'd be quite valuable. You should make sure that you are following the inflation rate of the Bitcoin MYK backed dollar. And we won't go into details on this video, but we would ask you to subscribe to the channel and you can find a lot of information on the Bitcoin MYK backed dollar, why it, we believe it's the ultimate stablecoin or backed dollar. This is a great opportunity for you to learn about it. So should now be available as well in your Zapit Wallets. Let's get over there and take a look to see if they're there. All right, inside Zapit Wallets, and as we can see right here, there is a Bitcoin NYK Back Dollar. Um, it's under the ticker BBD20, right? And that is because There was another version that existed, but the function of the BitcoinNYK Back Dollar, or there was some type of mishap with the wallet as the wallet. The thing about Bitcoin Cash wallets are they're very cool wallets. This Zapit wallet is awesome, but there was a tool in experimentation. It's a dividend tool. And apparently it sent out Bitcoin NYK backed dollars to accounts it shouldn't have. So we have opted not to use the dividend tool with the Bitcoin NYK backed dollar. That's because we cannot have inflation in the Bitcoin NYK backed dollar. The great news of course was that upon this happening, there was no transactions done in the Bitcoin NYK backed dollar. There was no Bitcoin NYK backed dollars in anybody's possession except the BitcoinNYK.com team, right? So end up being not a problem. Now you can safely have your BitcoinNYK backed dollars in use on the Bitcoin Cash Network. And just a cool wallet with Zapit, you're gonna be able to hold your BitcoinNYK backed dollars in here. You may have to go under the search under unverified. That's because we just put the BitcoinNYK backed dollar on there and it hasn't had a chance chance to be verified yet by the Zabot team in the wallet. But these are really awesome wallets. You can do so much things with them. Just a fantastic wallet. The token rewards, and that's getting into the dividend function. But what's so exciting about these new improvements to the Bitcoin Cash wallets is, of course, you're able to send out with user IDs, right? You don't need the long alphanumeric keys. Somebody's username can be used to send tokens to Bitcoin Cash too. And yeah, just a lot of awesome things happening with that. Let me go to the wallet section. And you can just do so much great things here. Now the wallet is still in beta, so some of the things aren't going to show up, you know, in the uh, uh, that, uh, as a feature yet, but they are working on them. Um, like they have, um, you know, these achievement things and, uh, um, yeah, where you're going to be able to somewhat in their future be able to earn, uh, cryptocurrency completing tasks, kind of like what you got going on, I think, over with Coinbase and so on and so forth. So pretty awesome stuff, very exciting. Your Bitcoin NYK back dollars. You can now take the mobile on the go and be very rest assured that when you send them, that they arrive at the destination global, can be used for global remittance with stability and arrive there high fast transactions with the security of the Bitcoin Cash network. So I think it's gonna be awesome. what we're gonna get with the BitcoinMYK-backed dollars. Uh, so exciting news there, but I think that's all I want to say in this video. We'll be bringing you updates on, uh, the new things happening with the BitcoinMYK project. Um, everything seems to be going according to our roadmap. We want to be a slow, steady build-up project. Bitcoin NYK back dollars launched not quite 2 months ago, up well over 50% right now. Actually, it's around, yeah, around about 50%. It's, it went up in value. So that's pretty awesome. The stablecoin that can go up in value but does it at a gradual rate so that merchants, vendors, people sending payments don't feel those effects. Um, you know, uh, it's a gradual spread out gradual through, uh, the inflation rate is spread out gradual so that the market for the Bitcoin and YK Back Dollar can react in a healthy way. And so it's something totally different from other projects we've seen, uh, and it's doing, uh, very well at this point in time. As, uh, so we're going to be excited to see what the future holds for the BitcoinNYK backdoor. But that's all I want to say in this video. If you like content like this, don't forget to like, subscribe. Until next time, as always, take care.
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