In this video, the host announces the launch of the BitcoinNYK marketplace, describing it as a hybrid platform that merges Amazon’s product catalog with BitcoinNYK’s own in‑store items. He explains that because Bitcoin’s price volatility makes direct purchases difficult, the marketplace initially rewards shoppers with BitcoinNYK rebate tokens when they buy through Amazon links. These tokens can later be used to purchase items directly from the marketplace as the in‑store product line expands. The host outlines the token’s economic model: rebates create demand, staking provides daily token bonuses that can be spent as an in‑store credit before the lock‑up period ends, and the system aims to function like a stable‑money ecosystem. He also mentions future advertising packages, a growing range of products (electronics, apparel, etc.), and encourages viewers to shop via the site, earn tokens, and subscribe to the channel.
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Hey you, welcome back to the channel. And guys, today I want to announce that BitcoinNYK has launched its marketplace. Now let's talk a little bit about how the marketplace works and what's offered in here. So first of all, our marketplace is both a combination of Amazon, stores and Bitcoin NYK in-store products. And so it's important to understand that how Amazon works and how the cryptocurrency and marketplaces work has a lot to do with volatility, or why in some cases We can't, for instance, use Bitcoin to buy Amazon products. And the issue is volatility. And in some cases it could just be that maybe an entity like Amazon wishes to launch its own cryptocurrency or own in-store token, which makes sense because like on our marketplace, we have Bitcoin NYK token. Tokens where you can purchase items with BitcoinMYK. That builds value in your token. When you have vendors and we have people using your tokens and will exchange those tokens, uh, to create this value, then you're building value in your token. So you probably wouldn't want to have someone else's token in use other than your own. Uh, now because of that problem because of volatility. And some of this volatility may be due to, um, my, my guesstimation would probably be the small wallets that Bitcoin has, probably only about 20 million really active wallets. And so you're going to have these huge, you know, price fluctuations as well as, you know, where Bitcoin's going. But To deal with this issue initially, what you're going to see a lot of is when you purchase items out of the— from our website, you receive BitcoinNYK tokens in a rebate type form. Now you will be able to purchase items directly with BitcoinNYK tokens as the store fills up and we get more items in it. We will be able to have our own in-store products versus Amazon.com products. The idea of this is that we want you to be able to come into our marketplace and anything imaginable, pretty much like how Amazon.com works, be able to purchase it with our own tokens, right, with the BitcoinMYK tokens. Um, and so in order to give you the benefit of that initially on, it will work more like a rewards token rebate token in the online store. Um, now, uh, as BitcoinMYK, uh, grows its product line in the store, you know, you see advertising packages that can be purchased directly with BitcoinMYK tokens right now. But you'll start to see a variety of things from electronics to t-shirts that can be purchased directly with BitcoinNYK tokens as well. Um, but, uh, um, yes, that's basically the basic idea why we're setting it up like this initially, uh, to deal with price volatility as we, uh, drive the value of our coin or we obtain the value of our coin and grow that value to keep those, so we can operate basically like a standard stable money system, right? And so that's what we're going for. So seeing guys that you gotta shop anyway, you gotta purchase things anyway, why not come through our, come through our site. You can buy anything you want. It'll link you to the amazon.com stores, uh, and you will get rewards rebates tokens for doing that. So you can earn, you can earn all the Bitcoin MYK tokens you want just by shopping at Amazon. And so, um, uh, not a bad, not a bad deal there. But you will notice over time that we will, you will start to see a great variety of items. We want to get it to the point where you can come in our online store and anything you would normally purchase, you will be able to just purchase it with your BitcoinNYK tokens having value in our store. Also, this was covered in our staking video, but if you stake BitcoinNYK tokens with us, uh, as you're gaining your, uh, token bonuses from staking, uh, each day, those tokens will be available to you to be used in the online store before the, the, um, the, um, the period of lockup period is released. So you'll have access to that. And, and what will happen is like an in-store credit card, if you will. It will be deducted from your balance of state coins until at the end of the period in which you can now take these tokens out. So some cool features there with our marketplace. Be sure and check it out. You know, again, anything you can think about purchasing, You go through our links and purchase, and you will— many of the items that we don't have yet, you'll be able to, uh, you have to pay with cash, which you'll receive the BitcoinNYK rebate token. Uh, as development continues with the site, you will see in-store products that can just be purchased solely with the BitcoinNYK tokens. So, um, very cool stuff happening with BitcoinNYK as we grow the value of our marketplace and our token. Guys, that's all we want to bring you today. If you like content like this, don't forget like, subscribe, and until next time, take care.
