BitcoinMYK has 14,000 wallets and targets 7,000 low-level KYC accounts. The three-phase roadmap includes rapid wallet growth, a stablecoin layer for remittances using Hive and Steam blockchains, and a UBI system funded by distributing tokens to Bitcoin holders with deflationary tokenomics inspired by Bitcoin's halving.
Welcome back to the channel. I hope you all are having a great day. And so this is going to be a quick video. I'm not going to be long on this video. The camera's almost dead, uh, anyway. But, uh, we just want to talk a little bit quick about the progress of BitcoinMYK, what's been going on. So right now we have approximately around 14,000 accounts or wallets, right? And we're now eyeing about 7,000 low-level KYC registered accounts on BitcoinNYK.com. And that's quite interesting. We seem to be moving at a pace that's an expected pace. But what we can see happening in the future with BitcoinNYK, we can see ourselves going from tens of thousands of wallets like we're doing, low registered KYC accounts, to go into hundreds of thousands to millions. And this is all due to our freemium service model. Now, when we first launched BitcoinNYK, there was a lot of controversy about if you're going to have something based on universal basic income, it's not going to make any money, it's not going to be any value to that. But we know that freemium service models all the time generate money from, you know, giving away things free. You know, we do it all the time. You do it with your satellite service providers. You do it with your favorite restaurant chains where there are many offers that are run that would make you think there's no way this product can make any money, right? They're giving away burgers for nothing. They're giving away this or that. And of course, how they make their money is based on volume, volume of of sales, right? With us, obviously we gain our value from having a large network, right? So it just makes more sense if you're gonna be a cryptocurrency, you're gonna wanna move value from place to place, that it'd be a cryptocurrency where everyone either wants to hold a wallet or already has one, right? So we call this phase 1, where we get all the wallets, we get the most wallets in cryptocurrency. Phase 2, we more focus on a stable currency, right? So that, uh, we're going to fulfill a lot of global remittance, uh, payments and systems. And using Bitcoin MYK, using it through, um, the Hive blockchain, using it through the Steam blockchain, we find these, you know, these interfaces, these user interfaces, to be much more appealing, much more easier. They're fast, they're fun, they're integrated with social media. And so they have many of the things that we, uh, are after. The other thing, um, is a lot of people said, well, it will be a valueless cryptocurrency. And we're starting to get, you know, people trading. Not a lot of trade volume, but what is being proven to us is that the model is beginning to work. And one thing that we believe, looking at the statistics now, we can depend on is a large amount of accounts. So some of the Universal Basic Income cryptocurrency projects that hit big numbers like MANA token. They were getting somewhere around over 100,000, I believe, accounts, something like that. We believe we're going to be able to move into millions of accounts. And so if you understand the first phase of the project and then go into phase 2, where you understand what we're going to be dealing with, having a stable currency, phase 3 deals a lot with how you pay for the project, how you pay for universal basic income. And we do that through having this relationship with Bitcoin, where Bitcoin holders are going to be able to get the token free in relation to the Bitcoin they hold. And the hope is they will appreciate using a very easy, large account-based micropayment system, currency system like Bitcoin MK. A little bit different from using other payment systems, Simply because Bitcoin MYK, you don't have to sell your Bitcoin for some altcoin, right? Your Bitcoin remains in the wallet. As long as we can guarantee, or I'm sorry, verify that you have the Bitcoin there, you're able to get the Bitcoin MYK, which supply-wise is relational to Bitcoin, only it's a little bit more deflationary. As more transactions continue on, the supply of the coins reduces, right? So it's a very interesting project. It has a social media site, has many things going for, and we believe what we've done is we tried to focus on the things that work in cryptocurrency, make it easy as possible for to have the largest participatory economy there is, right? And as you can see, it's starting to work. It's starting to work. People are starting to purchase the cryptocurrency. Now, of course, you might wonder why would somebody purchase cryptocurrency? I think just the tokenomics of it. What, where BitcoinNYK is a little bit different from your average universal basic income project is it has a version of the Bitcoin halving, right? And so there are some relational things why we call it Bitcoin NYK. It's not that it is a really a Bitcoin fork or something like that, but what it does is it uses many principles in relation to Bitcoin. For instance, it uses the, it inherits the Bitcoin ledger, meaning you're gonna get cryptocurrency in relation to the Bitcoin you hold. You're also gonna just get universal basic income tokens just for joining, but people who hold Bitcoin, they can actually get relational to the Bitcoin they hold, right? So that's quite interesting. In addition to that, it has the tokenomics of the halving in it, you know, which basically means that, you know, you're having this large supply of user base coming in and then you're having the, hopefully by the sheer growth, having more value. And the BitcoinMYK project, we're not trying to be a security. We don't want to be a security. We want to be the most decentralized distributed cryptocurrency on the blockchain. So we don't focus on price, we focus on utility. And that is this global currency everybody's gonna be able to hold and use and be able to move value from merchant to vendor and so on and so forth. So it's a lot to BitcoinMYK, but we just want to update you on that, show you that the project does work, show you that people do purchase the tokens. I believe based on those ideas like the Bitcoin halving, so on and so forth, based on universal basic income. A lot of people are trying to find solutions. We're in a possible looming automation revolution that may displace a lot of workers and the possibility of recession and depression. And we're going to have to be able to take care of people who are out of jobs. We're gonna have to be able to keep this economy afloat. And we believe projects like this is gonna help to do that. So join, you can start getting our cryptocurrency free. You can start earning it for free. You can, um, engage in social media, earn it. You can do many things, but we'll leave a link in the description. If you like content like this, don't forget to like, subscribe, and as always, until next time, take care.
UBI - CIA Agent Explains Why Americans Will Never Get Universal Basic Income?
