Bitcoin MYK Inflation Token Has Value?

Welcome back to the channel. I hope you all are having a great day. So this is going to be a very interesting video today. We're talking about our launch cryptocurrency, the BitcoinMYK Inflation Token. And for some of you, you've probably been following the project. Some of you might hold some of this, know something about it, and where others, this might be your first time hearing about it, might be a little bit in the dark. All right, so this is gonna be a brief video. If you aren't in the loop, we do invite you to subscribe to the channel. It's a great deal of content talking about this cryptocurrency, but it is very significant to what I believe to be the future of cryptocurrency. And I certainly think if you're not familiar with it, that you soon will be because there's gonna be a lot of promotional information going out about the project And this is just, we're at the verge of one of these times in human history where these type of projects, I think you're gonna see emerging a great deal more. But anyway, let's talk about what the Bitcoin NYK Inflation Token is. So the Bitcoin NYK Inflation Token, this is a token that's issuing over $1,000 in value worth of the cryptocurrency per month to all the community members, you know, obviously people who have wallets compatible with the token. And the way it works is 10% annually of the Bitcoin MYK liquidity will fund the citizens' dividend, which you've probably heard ideas like citizens' dividend, basic income, etc., where all citizens receive a certain amount of money. Now, these any type of program like this, the first thing comes to mind is it is tremendously expensive. And, uh, where would the money come from? How does the cryptocurrency have value in order to do this, right? And is it just a money dispenser machine? Something, um, uh, around here on this channel you hear a lot about these type projects we don't like. You know, we don't like projects where people just stake coins stake coins, uh, stake to no end. We think that's ridiculous. What is the function of this cryptocurrency? Where does the value and the money come from, uh, to be able to achieve this? And that's— these are the details we want to discuss in this video today, right? But before we can, uh, be able to do all that, first we need a little bit more information about the project as a whole. So let's go over to the site bitcoinyk.com and, and get you on the right page with that. All right, over here on BitcoinMYK, and, uh, so let's talk a little bit about what's happening here. So one of the big obstacles in cryptocurrency is ease of use, right? Having these easily to use interfaces and then having these payment gateways in order to send the cryptocurrency. In upcoming videos, we're going to talk about how Elon Musk is now talking about something that sounds like a cryptocurrency on the Twitter platform. And so, uh, when you put those details together, you kind of got a, a pretty good concept of what BitcoinNYK is. It uses a social media interface with the cryptocurrency, and this of course is to make the wallets easier for people to use, put them in familiar territory, so that their learning curve, uh, they excel through that right away because they're accustomed using this technology and so on, right? So that probably is going to make a lot of sense to a lot of people because most people use social media. Now, the Bitcoin MYK inflation token, this is this cryptocurrency that is meant to supply the citizens dividend, to be this distribution mechanism, uh, And that in itself can solve many problems around the globe. But the biggest problem isn't putting so much, uh, the concept of the system. The biggest problem is where's the money come from to fund it? So what you have to understand is the BitcoinMYK cryptocurrency is a native coin, right, that exists outside the inflation token. These are two separate coins, but they work together in a system. Synergy, in a synergy-like situation. So think of BitcoinMYK like gold or like Bitcoin. In fact, it— the reason that we call it BitcoinMYK is it inherits the Bitcoin ledger, meaning that everybody is entitled to it who holds Bitcoin, and anybody who holds a wallet on the platform can— will be— have the access to this cryptocurrency, right? So it inherits the Bitcoin ledger, and in a sense, because of that, some definitions of a fork might apply or may not apply. I think according to the IRS definition, they consider it a fork if you get the coins or not. They consider— they could consider these airdrops a type of fork, right? So you guys can go more into detail with that, talk to your tax specialist specialists and so on, and they'll explain that part to you. But, uh, some people would consider it as such. That part is not that important though. What is important is where does the money come from. So another thing you have to understand with the BitcoinMYK, uh, project is this is a multi-chain cryptocurrency, right? Because we believe when you're dealing with freemium service and free cryptocurrencies it's possible probably have billions of people on your network, which means scaling becomes very, very difficult. And so by piggybacking off of multiple chains and being a multi-cryptocurrency or multi-chain cryptocurrency, uh, it allows for growth in, in use and scalability, right? Uh, now what's different with how we do things, if you look at something like the Zen project, for you guys who know about that, You know that Zen, what it did was it created many versions of Zen on different blockchains, but these are all separate Zen tokens, right? And our projects is a little bit different. Although they're separate on different blockchains, when you send them out to— when you send the tokens out to one, it gets burned on the, um, on the network that you sent them from, and then it repopulates, of course, on the chain that you're sending cryptocurrency too. So in other words, the supply remains the same on all the chains, right? So to speak, right? So just to give you a quick example, let's say I sent the BitcoinMYK token from our platform, right? We use the Hive blockchain and we have our own chain, but these are the, the main ones we use. And so you send the token out of here, and let's say we sent it to Bitcoin Cash. So let's explain. So we sent it over to Bitcoin Cash. Now your cryptocurrency has arrived on Bitcoin Cash. This is the Bitcoin Cash blockchain. This is no longer the Hive blockchain. You just transferred your token over, right, uh, to Bitcoin Cash, right? And we have several other chains we're on. Now the tokens you sent from the other chain, they no longer exist. Right, they now— your coins now exist on Bitcoin Cash. Now this is where it's different from like projects like Zen where people just have a token on, you know, Polygon, or they have— now they have a token on Ethereum, they have it on, you know, you know, the countless number of other blockchains that they use, Binance Chain, so on, right? Um, that's not what occurs here. Those tokens are gone. They're just— they are destroyed when they're sent off from one chain and when they're now present on the other. Now here's the thing, right? We hate high fee chains, right? Uh, we don't like them, but we do have a free cryptocurrency that helps some at least. But the other part is, in order to be able to pay for this program, Citizens Dividend, which we believe will create mass adoption to the project What needs to happen is we have to have a bridge fee that's about 8.9%, right? So stay with us on that. So 8.9%, those, that, those coins are now off the market, right? They've, they've, they've been burned out of existence, right, to, for you to transfer the cryptocurrency over. Now Let's say you sent $10,000 USD worth of, uh, the BitcoinMYK token, right? That would mean that about $800— it was about an $890 fee. I know that's a lot, but again, keep it— but again, keep in mind, uh, the mining is, you know, is free, etc. You use our platform to mine, you get the cryptocurrency free, etc. The value is being based on Metcalfe's Law, right? Uh, and, uh, we invite you to look that up. It's many, uh, Metcalfe's Law has proven to work, um, and etc. And there's other components and dynamics in cryptocurrency that gives it value, but let's stick with the bare basics here. So what happens is, so that's about $890. Now where does the, uh, the value come from that? It came out of the market value of, you know, you send the cryptocurrency over. Now you don't have to pay those fees because if you get, you get about $1,000 a month worth of the inflation token to take care of the fees, right? So now you have the BitcoinMYK inflation token that can be used, right, to pay those fees, right? And so the only problem you would, you will have is if you're selling these coins probably below market value as such. And now what's happening if you need to move your cryptocurrency from one blockchain to another for safety purposes? Maybe there's an arbitrage situation you want to take advantage of. There could be a variety of reasons you want to do that without pulling the value of the market down. Because if you were— if you had to sell your coins and then transfer them over, You know, you know, you would be out of, you know, you would, you pull the value of your coins down plus fees, etc. But with the BitcoinMYK Inflation Token, you're able to use that value to pay for your fees to transfer from blockchain to blockchain. All right. Does that make sense? All right. So what we see with the BitcoinMYK token is, of course, the markets is what give it value, right? Um, over the exchanges, etc. You can see people, uh, tremendous sell pressure on it because it's free, right? It's free, so it's gonna have a tremendous sell pressure. But you also see here that Bitcoin MYK has buyers. There are people actually buying the cryptocurrency. So why are they buying this cryptocurrency if it's free, so much tremendous sell pressure, etc., right? Well, not only because it's creating the best distribution system cryptocurrency has ever seen, you know, as to say, um, you know, everybody's gonna have those thousands of dollars of cryptocurrency despite, uh, whether you're well, despite, you know, whatever the case may be. And that's tremendous value to get behind everyone. Now the thing is Whereas a lot of people might want to dump the cryptocurrency because they might be under the false assumption that it has no value, I can't do anything with this, it's just a waste of time, etc. But they don't understand Metcalfe's Law, and they also don't understand that the liquidity being provided from, uh, to the project is also coming from the scarce native, uh, token like gold, which is the BitcoinMYK native token, right? Right? It's only about 21 million of them. In its final form, it would only be about 5 million. So, uh, tremendously scarce, uh, like Bitcoin transactions are free, so it acts as a store of value with a limited amount of cryptocurrency, right? Um, also, uh, people are getting excited about BitcoinNYK inflation token because let's face it, we're not getting a lot of value from any of the cryptocurrencies we're, uh, investing. In fact, most people are down on their cryptocurrency, like 90%, right? Putting lots of money in, you know, people— some people are down millions of dollars, right? And they're not getting anything from these cryptocurrency projects. But imagine a project like this where people are getting thousands of dollars worth of these cryptocurrencies per month, and, uh, it's on an equal distribution situation. Only thing you need to do is hold a wallet and, uh, um, you know, basically log in, be active in the interface each month, and you're gonna get the cryptocurrency. And you're also going to be able to, you know, essentially use them, right? Use them in order to pay for your transaction fees if you want to take advantage of the BitcoinNYK token on other blockchains, right? Now, Here's what I think the trick of the BitcoinNYK inflation token is though. As we look up here and we see the sell pressure on the cryptocurrency, because what's happening is people are getting this free, they're seeing thousands of dollars in their wallet and they're immediately going, it is time to sell this thing, get this free money. Is it sustainable? I don't think it's sustainable, et cetera, right? And so for whatever reason, they, some people haven't yet put it together that this is the best approach to cryptocurrency because what it does is it's going to create, um, because of the opportunity, it's going to create a lot of excitement and people getting in and people trying this thing and people transacting cryptocurrency, which is going to make it one of the biggest cryptocurrencies out there. And under Metcalfe's Law, that means that there has to be value growth in the project. You're going to have speculators. Why are you going to have them? For the same reason you see people buying the cryptocurrency now, right? Right? These are just fundamental things in economics that tend to be true. Uh, and it's no different here. Now again, the trick is if you see it's a lot of