BitcoinMYK now lets users withdraw BBD, a fiat-pegged token earned on the platform. The conversion rate is 100 native BitcoinMYK tokens to 1 BBD, worth about $21. Withdrawals go to a base wallet or supported exchanges.
Welcome back to the channel. I hope you're having a great day. So today we're going to talk about BitcoinMYK Back Dollars are now enabled for withdrawals on BitcoinMYK.com. So many of us who use, uh, the BitcoinMYK Back Dollar, uh, we know that the, uh, the basis and the idea of the project is to create this meritocracy where you mint and create the token. Now, in order to keep the system from being manipulated by whales, the network controlled by a minority of people coming in through the platform, there's no way you can purchase the cryptocurrency directly on the platform. Everything you do is generated value-wise throughout the system. And so the BitcoinMYK token, the native token, was at one time your only option to withdraw. The intrinsic value of the BitcoinMYK token is as the network builds up, you'll be able to use it for a variety of things, from purchasing goods, electronics, a variety of everyday household items, And you also can use it to advertise or promote your content on the network. So it has that ability within itself. But the Bitcoin NYK-backed dollar, which works more like the actual money, the currency that is expended across the crypto sphere, it wasn't— you weren't able to withdraw it on the system up until now. So how it works now, when you generate your cryptocurrency, when you get ready to withdraw it, you're going to be given the option of if you want to receive the Bitcoin MYK native token or the Bitcoin MYK back dollar or the BBD coin. The differences are the— once you accrue 100 of the tokens, um, you will receive on withdrawal 100 Bitcoin MYK tokens, right? The conversion rate of the Bitcoin MYK back dollar is 100 to 1, so you only receive 1 of the Bitcoin MYK back because I believe the, the rate of it right now is about $21, right? So a feature that wasn't available up until now. Before, before now, you had to actually purchase a Bitcoin MYK-backed dollar, and now you don't— you no longer have to purchase a Bitcoin MYK-backed dollar. You can earn them on BitcoinMYK.com. So that's a very interesting feature that, uh, a lot of people might be interested in looking into. Uh, so you just select which currency you wish to be, uh, uh, withdraw. And, uh, right, you can send it over to an exchange from there, uh, or it can go to your wallet from there, uh, a Bitcoin MYK, uh, base wallet only, right, or Bitcoin MYK, uh, base wallet, right. So you can't send it to another type of wallet. These cryptocurrencies are on— occur on several wallets, several exchanges house them. And you get a list from looking into our content, or you can simply just ask in the comment section and we'll give you the list to assist you there. But yeah, very interesting new improvement to the BitcoinMYK.com system. You can now withdraw them, uh, here on BitcoinMYK.com. That's all I want to say in the video. Don't forget to, uh, register to the site and start claiming your BitcoinMYK and Bitcoin, uh, MYK Back dollars free just by using the site and participating in minting your tokens. That's all I want to say in the video. Until next time, take care of yourselves and each other.
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