Bitcoin MYK Vs Btcmyk Inflation Token!

Welcome back to the channel. I hope you all are having a great day. So gonna try to make this a quick video today. I know I could be a bit long-winded. Uh, this video is just about explaining that there is a difference between the BitcoinMYK token and the BitcoinMYK Inflation Token, right? So these are 2 different things. So let's break it down real quick. The BitcoinMYK token, what you're looking at right now, you can see on my balance I have 359 of them. The BitcoinMYK, uh, token is the native token of the project, right? It is the one that is mined, uh, that is minted through your activity right now. What does this function? We call it BitcoinMYK It has similarities to Bitcoin in its supply. So it's a, it's a more faster Bitcoin. Obviously it's faster, a lot more efficient. Uh, it is sound money, uh, based on its supply, right? But it, it's, it's like the perfect Bitcoin. It's like Bitcoin without the problems, right? You can think of it like our version of gold, right? That is its purpose. The inflation token, right? That is what's going to supply us with the Citizen's Dividend, right? Which is basically a stipend that everybody in the network gets the same amount every month. Purpose is to incentivize more people to participate, and the purpose is to basically encourage mass adoption, right? So Everybody has a stake. Everybody's earned it just for participating in the network. That is the function of the incentive token. Now, the reason that the BitcoinNYK native token exists side by side with the inflation token, although these are two separate tokens, right? Two separate functions, but 10% inflation is against our version of gold, the BitcoinNYK token. Right, 10% is what pays for the inflation token, right? Think of it like a rewards token. Think of it an incentive token. Uh, its purpose— you think of it for marketing, uh, think of it like an airdrop, but it happens every month. Its purpose is to encourage the building of the network and participation, and everybody has a share in that. Nobody gets left behind in that. right? So it adjusts so everybody gets the same amount every month. If the market drops, uh, they, they have unlimited supplies. It's— that's why they call it inflation. So it will— more will be produced, uh, if the market price drops. If the market price rises, then less coins might be issued, right? Uh, about $1,000 USD everybody in the network. That's what's inflating against the BitcoinMYK token, right? Uh, 10% of liquidity, uh, coming out of the BitcoinMYK native token to supply that, right? So it's a perfect combination. It's a perfect model. We believe that should encourage everybody to participate. Now, the reason we feel is important to talk about the differences so you can get it and you can understand the differences between the two is people are misunderstanding Bitcoin, the BitcoinMYK project and token. Some think it's the entire project is universal basic income, that the outside incentive token BitcoinMYK is like just a free coin that goes to everybody. That's not exactly the case. Now you can mint it. It doesn't cost you anything to mint it. Right? But you are giving something back to Minted. This is how we make it fair, and this is how we stop the violation of freedom of speech. In other words, most delegated proof-of-stake networks rely a lot on how much money a person comes in, they buy the coins, and they can control the network through the coins. But with BitcoinMYK, we have leveled the playing field in mining in minting. And so basically what that means is that nobody can come in with more money and mint more coins. Everybody has to mint the coins first, and once they hit exchanges, then people can sell them for whatever. But you can just come to BitcoinNYK and begin to mint them, right? The same way. Um, so I hope that makes sense. What, what, what the— what it does too is it helps you understand BitcoinNYK has a limited supply right now. It's around 30 million BitcoinMYK tokens. Its final price or supply amount will be about 5 million. So the deflation is strong in BitcoinMYK. It would only exist 5 million coins in the end, and the value of them as they're the native network token, right? This is what you're paid and minted, right? So you can kind of think of it like BitcoinMYK is the mining coin. Right, and the BitcoinNYK Inflation Token is the free token that goes out to everybody, right? So I hope that makes sense. I hope that makes sense. Now the tangible, if you want to use that term, BitcoinNYK Inflation Token should be out this week, right? So you should begin to start get your free BitcoinNYK tokens and everybody's gonna get them. You know, even if you don't necessarily. It will be, it will be like a, just like an airdrop. It's gonna be in everybody's wallet every month. But you get, you will need a Hive wallet, of course, and you will need a participation wallet that's part of our network. You may or may not necessarily have to log on the site, though we would encourage you do, because your, your, your wallet will go through the, it will go in queue on in order of the people coming into the network. So So if you don't log on to BitcoinMYK, it doesn't mean you won't receive the inflation token, the, the, uh, Citizens Dividend. Doesn't mean you won't receive it because we want to encourage everybody to have it and have all those payment gateways open. So it doesn't mean you won't have it, but it is likely you will have it a lot faster if you do log on to BitcoinMYK. Now, if you do log on to BitcoinMYK, you're gonna also earn the native token, which is more like gold, right? So you think of it like the mining token, right? And I hope that makes sense. Makes sense. And if you have any questions about it, feel free to ask questions about it. But the one thing we want you all to walk away from this with is to understand the BitcoinMYK native token that's basically paying the bill for the inflation token, right? It's the reward token, right? Uh, it's not a free cryptocurrency, right? It is produced by your kinetic energy, by your level of participation. You mint it, right? So the more you participate, the more you you use the platform, the more you create communities within the platform, whether it be with groups or doing polls or liking people's content or making friends or whatever you do to build a network up. We also have affiliate networks where, you know, as you, you can drop affiliate links. We have an affiliate button and the more people come in, you're going to earn more Bitcoin and YK. So that's in a sense another way of minting the, the coin, right? So all these great things, but there's nothing free about Bitcoin and YK. It does have value, and the tokenomics of it, because it's only going to exist 5 million coins, you can imagine, uh, that this thing is going to probably kick up very high in value. It's already went up 1,000% in the last 30 days. Uh, to see this go up 1 million percent or or something like that, or 6 million percent. I believe that's possible, right? I'm not just saying that. I think just because the supply is so low and it, it's so wired into the platform itself, uh, that that's likely to happen. The inflation token, uh, although people will be able to sell it on an open market and you'll receive it every month, over $1,000 worth every month you'll receive Even though that's going to happen, some people will say, well, isn't that going to bring down the price of BitcoinNYK? BitcoinNYK is somewhat tied to it. Not exactly, because remember, even though BitcoinNYK liquidity is helping to pay for the BitcoinNYK, it's only about 10% of the liquidity of BitcoinNYK will go into the inflation token, right? That doesn't mean that the inflation token can't create value and use of its own, because remember, it's going to probably be billions of people holding it, right? Right in the wallet. So it doesn't mean that that's not going to happen, but it certainly means that it's going to be sustainable for people to get it, be active in it. Obviously, the more you have, the, you know, the better your chances of liquidating and having more and being able to do more things and such. Of course, you can use it to buy your favorite cryptocurrencies with. You can use it to buy more of the Bitcoin and YK Native token, which is like gold. So a very exciting project. I think you guys are going to like this, and I think it's going to end up being the standard cryptocurrency, because basically what it's doing is it's taking something that's centralized— is mining, development, the wealth, the geography— it's taking all that and decentralizing it. Because whether we know it or not, Bitcoin is heavily centralized, right? Think about if you mine Bitcoin. The answer is more likely no. Okay, so if you don't mine Bitcoin, you can't really say that it is decentralized, right? It really isn't because the amount of people mining is a low percentile in a sense, right? The development is centralized, right? There's not a lot of development teams within Bitcoin. The wealth is centralized, right? 87% of the Bitcoin network is owned by 1%. So Bitcoin MYK is the better Bitcoin And 10% of it creates the inflation token. That's the free token that many of you think about. The BitcoinMYK is the mining token, but where we set everything free is you don't need equipment to mine it. You don't need, uh, any of those things. You only need your participation, and that's what's going to build the value. That's all I want to say in this video, guys. Till next time, as always, take care of yourselves and each other.