Bitcoin MYK - New Features! - Hedging- Ad Earner Program

Welcome back to the channel. Hope you're having a great day. So I want to talk about some of BitcoinMYK's latest features in our latest update. Um, we're now introducing an options game, and this is quite interesting to introduce something like this. We find it's very important, um, with the declining prices of what's happening in many cryptocurrencies from Bitcoin Um, uh, the entire market has taken a hit. Some believe it might be a correlation between cryptocurrency and traditional markets. Before, we thought maybe they were separate, but they do seem to be, uh, basically moving together. And in that way, uh, we might see more decline in price, uh, moves in cryptocurrency. In action to this great concern about what's happening to our cryptocurrency value, BitcoinNYK Project has introduced a protection to downside pressure in an options game we created, um, where basically we average, um, a strike price between the buy and sell orders Taking into account our largest traded market at this point in time, which is the Steam Engine marketplace, we basically have an option for the month of March. We're calling it the BitcoinMYK March Put. It works very, very simple, very easy. Basically, the strike price here that you see on your screen is the price that it will have— it will activate the option when it moves under that price. What does that mean? Well, that means that one contract, which is basically one of the Bitcoin MYK puts, is basically equivalent to 10,000 Bitcoin MYK tokens, which you can purchase the contract with. When you purchase the contract, you're then going to be able to get access to this contract. And when you get access to the contract, basically you will receive 100% payout if the price moves below the strike price that is shown here. And that strike price will be relational to the buy and sell orders that's happening in the marketplace and average between those prices. So to kind of illustrate how it works, you'll basically come here. Let's see here. I'll take you over here to the Waves exchange. Let's see here. Right, well, first let's read this. It says what you'll need to do is log on to the Waves exchange, search on the exchange for the Bitcoin MYK March 20 put, right? Purchase puts off exchange. If the price closes last day of the month below the strike price, you receive 100% payout in Bitcoin MYK tokens. And this is the address where you actually send the tokens on Waves. So If you have BitcoinNYK tokens on the Steem blockchain, uh, what you'll need to do, or if you have it on Waves, you just send it to that wallet address, or you have to send it while you're over there and you can receive the tokens that way. Otherwise, you, you can buy them directly off the market, and you're also going to be able to sell them on the market before the option expires. As to say, if you do not— I think it's going to expire at that price, below that price to protect your upside value, you will have the option of selling it on exchange. Now this is important because when you basically get Bitcoin and YK tokens, if you go on the market and get them and the price goes down from where you got 'em, then you're gonna be able to basically, you know, get, uh, protect that downside. So it doesn't matter what direction the market moves in, right? So my big concern is, oh, my price is going down. There's an easy way to make money whether it goes up or down. All right, so let's get you over to the Waves exchange, show you what that's going to look like. Okay, so I'm in my Waves. I'm over at the Waves exchange already logged in. And you can see here on my portfolio, this is what this screen you'll come to when you, when you log in. You're going to come to your dashboard. You can see the BMYK March 20 put. That simply means if that price starts to decrease, you're now in the money once it goes below that strike price, and you're going to get 100% payout in Bitcoin and YK tokens. Now because we're a universal bridge cryptocurrency, it really doesn't matter what exchange you're on. You'll have the choice of sending it, sending your paid out tokens to whichever exchange, whichever blockchain that you're on. That could be the Bitcoin Cash blockchain, the Steem blockchain, or the Waves blockchain, right? So any— have a choice of 3, right? It really doesn't matter, but we do use the largest market we're trading in at this time, which is over on STEEM presently. So let's show you what you need to do to, to get a hold of one of these contracts. I'm going to go up here and I'm looking for trading. There we go. So you're going to hit trading and we're now in the Waves Exchange DEX. And let's see if we can find— this is the standard BitcoinNYK token. Okay, so we're now in the exchange area, and what you want to do is you want to search for the BMYK March— excuse me— March call or put, rather. There we go. And you see it, they all pop up. Now the one you're, you're going to be interested in trading, the easiest pair, although there, as you can see, there's dozens of pairs, but the Bitcoin NYK March 20 put, that stands for March 2020 because they will expire after the month of March. So what happens is you have until the entire month of March to either sell these contracts to someone else or, or allow them to be executed. And if they're in the money, you only need to send the tokens to our address and you will receive BitcoinNYK tokens. For redeeming them. So you have the right to either sell them on the market or redeem them. So it sounds a little bit complicated, but it's quite easy, and we're more than happy to help you walk you through, um, the process. The most important thing to understand is that if that price goes below that and it expires below that price, what we call the strike price, basically wherever you're holding your BitcoinMYK tokens, if that value falls below that, you You're gonna gain 100% payouts on the amount of contracts you hold in relation. And again, to explain that, a Bitcoin MYK put is gonna roughly cost you equivalent to about 10,000 Bitcoin MYK, and you'll receive 20,000 Bitcoin MYK if that price goes down below that, okay? Now, the thing about these contracts, because they expire, if it's gonna expire out of money means that it stays above that price, you have to try to sell it prior to the contract ending, right? On the public market. And you may be able to do that, you may not be able to do that, but the entire idea is to be able to hedge against loss on the downside or not just hedge, Some traders, some speculators also will use it as a means to make money, right? Because what they can do is they can then take the, basically the contract and basically, basically they're able to, oh, check that again. They will basically then be able to Um, here we go, and there's nothing here, but you can see it says buy and sell. And so that means we'll be putting these contracts out for you to buy with your Bitcoin MYK, all right? And, um, you're going to be able to then at that time, um, sell them back and forth to the, to the public market. Now, of course, the idea is if this thing expires in the money, you know, meaning it's hit that strike and went below, you're gonna make money no matter what the direction the market moves in. So a person who's a speculator, who's trading the market to make money, it really doesn't matter if the price goes down, it doesn't matter if the price goes up, whichever direction it goes in, it's possible for them to make money. Obviously, if it goes up, they're gonna make money with the Bitcoin MYK they're holding that they're long on. If it goes down, the options gonna— the option game is gonna kick into play at that point. So quite interesting. It's a good way to hedge your Bitcoin NYK holdings. It's just a good way to feel a little bit more confident in declining markets. Interesting feature. So that is available to you now. And we wanna now take you over and show you another interesting feature we have available with the BitcoinMYK project. So our latest feature as well is our ad package earning packages. So basically a lot of projects and platforms have situations where you can purchase ads through them. And what we're doing with the BitcoinMYK project is Introducing a way that the BitcoinMYK token can purchase ads on all of our pages right now. Here's where this is kind of a different take on any of the ad package programs we've seen so far and why some people may find this very interesting. So how it works is a banner ad will run on every page on the site. It will run for 30 days and it will run for only about 25,000 BitcoinMYK tokens. So you're basically looking at something like, uh, it's gonna, it's gonna be around the cost of about $1. Um, and of course that amount will change with the value of BitcoinMYK in relation to the US dollar. Right, so it's a great value. That means you're getting these great ad packages on every page on the site, getting thousands of views, as well as the advertiser report as to what exactly you got. We'll send a report to your email exactly what you got, where your targeted traffic came from, how many clicks you got, and so on and so forth. Um, but, uh, what's also very fantastic about that is for $1, you're going to get all of that for the equivalent of $1 in Bitcoin and YK tokens. Uh, now where this is a little bit different than many other projects is that generally you'll buy an ad package and whatever you're promoting, maybe you're a marketeer, maybe you're, uh, you have referral programs, uh, whatever the case may be, generally you're gonna you're going to purchase advertising somewhere and we'll pay the cost of market. But what if we told you with our ad packages you could also pretty earn just on owning the ad package on the site? And how it works is on our, on our site here, we have various categories of site users. They can be artists, they could be musicians, they can be, um, basically, um, um, models, right? Um, they could be bloggers, whatever the case may be. Um, these, um, people who use our site, they're able to earn just being in our network, right? So they don't have to sell anything. They don't have to actually make a sale on whatever they're marketing. They don't have to get a sign-up, none of that. So imagine, if you will, a type of referral program where you earn just on the traffic to the site alone. That is right. If you purchase an ad with us, you're going to receive so much money just based on having the ad run on the front page. So it's like getting paid to advertise. So it's a very interesting idea, something we don't quite haven't seen work like this, right? Um, and, uh, um, I want to go back to the home page so I can give you a better idea what I'm talking about here. But, um, uh, haven't quite seen it done this way. And, um, as more people visit the site, more traffic comes to the site, Um, okay, so if you're a videographer, right, you make videos, we have video hosting. And what we do a little bit different from many projects, like many cryptocurrency projects, you're, you're probably going to be, uh, basically upvoted or paid on the attention value you get in these direct encounters. And with us, it works more like a, a network sharing program, right, where all of the traffic our models get, our musicians get, our videographers get our— even our marketeers who are marketing their own products, services, or referral programs, they all share in the network value, right? So it's almost like they get paid to promote themselves, right? So that's why I said we've never quite seen anything done like this before. It's a very interesting project to see how it works out, right? And so with the musicians, it's a little bit different, but it all works on the same idea. Imagine a television network right? Imagine your satellite service provider, right? You may receive 100 channels, but you only pay one bill per month. Now what happens is every television channel in that network, they receive a percentage of the money paid from you to your satellite provider. And we, we work on a similar idea, right? All of the traffic and attention value that comes to our site is shared to all of our participants who make the site work through the BitcoinMYK cryptocurrency, right? Um, and, um, and in doing so, uh, they're earning on the traffic itself. So you can basically purchase these ad banners and you're able to basically not only promote whatever you're promoting, your own businesses, your own brands, your own referral programs, affiliate links, you're also going to earn on the amount of traffic that comes and actually sees your link. So it's this— it's this very interesting situation where your ad banner is paying you for it based on the traffic to it and is promoting your product. Right? Quite interesting. Quite the interesting take on that. But, um, but, uh, yeah, try us out today. See if you like it. I'm pretty sure that you will. Um, and, you know, and again, it's not just for musicians, videographers. Uh, it's not just for, uh, models. It is for just whatever you wish to promote. You can do it with the BitcoinMYK token. It gives it a lot more utility. And so just listen to some of our artists here. It is a great site, great interface. We're having a lot of fun with it, and we're sure you're going to enjoy it too. But if you have any questions about it, We're gonna stop that. If you, if you have any questions about it, please feel free to leave a comment, uh, come over to our site, uh, live support. We can assist there, answer any questions you have. But we think this is going to become just this very great new way to use cryptocurrency projects to Give it use. And just so many great features on this side of universal basic income program, which we think is going to lead to mass adoption in cryptocurrency, make the Bitcoin MYK this globally used distributed money. Um, and, uh, we believe that there's a very, very good chance that this can happen and become one of the more importantly used cryptocurrencies that actually are used for something, actually have a practical use case that people are going to use. But very excited to see you all check this out, try out our new features. That's all I want to say in this video. If you like content like this, don't forget to like and subscribe. And until next time, take care.