Steem-Engine - Bitcoin MYK Up 70% - Scot.Today

Welcome back to the channel. I hope you're having a great day. So today I want to talk about BitcoinMYK, um, its performance today on SCOT. Today, um, this is the version of ERC-20 tokens. Um, this is the tokenization of the Steem blockchain. Um, And, uh, similar to what you get with CoinMarketCap, um, SCOT Today is basically their version of this. So this is where you find out how these, um, cryptocurrency projects are performing. And these are quite interesting projects because they do run on the STEEM blockchain. These are very user-friendly, uh, this is a very user-friendly, um, blockchain with user-friendly interfaces. The transactions are faster than most blockchains. They're free to the user. And so let's take a look at what BitcoinNYK is doing today. BitcoinNYK is ranked now number 19. We love to stay in the top 20. Doing pretty darn good, up over 70% today. Falls back to the 40% range and seems to be holding there. The BitcoinNYK project is one of these projects that I think is very unique in, in how it's designed. If you kind of could imagine and put together a product that was some version of Bitcoin and then some version of BOMB token with these very, very high deflationary qualities. BitcoinMYK seems to encompass all of these things, and it's starting to show the model that it works. It's now gained over 13,000 users, accounts. The volume is starting to do quite well. It's ranging anywhere from 300 to 2,000 Steam trade of the day. And this is a project that was, uh, pretty much self-created, right? It, it, um, took no ICO money or anything like that. All everything that's went into the BitcoinNYK project, uh, was created by myself. Um, and I've tried to make it a project that answers most of the big questions and solves many of the big problems that exist now in cryptocurrency, and I believe that to be inflation rates that are too high and user interfaces that are too complicated and onboarding that is too, too complicated. So to kind of take us back a little bit, uh, the beginning of the year, many of us spoke about what was happening with Facebook, the Libra coin project, and how that it could inherit about potentially 2.5 billion users through social media. Now, it's important to note that this was all achieved through social media. Prior to that, we had figured out that social media had to play a very important part in cryptocurrency. The problem was the interface and how it would be done. And whereas a lot of cryptocurrency projects understood this, they just never had the perfect combination of how to do this. Facebook would come on the scene under Libra coin and in one swoop be the biggest cryptocurrency, for lack of a better word, that was ever in existence. Of course, they were stopped by the United States government, Congress up to now, and that didn't happen. But that doesn't mean just because it didn't happen that some product like that couldn't work. If you had a product like that, that was more or less like Bitcoin and it was controlled by the community and run by the community, then you would have something there. And BitcoinMYK has an element of that in it as well, right? As well as being like BOMB token, being very highly deflationary. All the perfect mixes of what we believe needs to happen in cryptocurrency in order for there to be, um, this mass adoption of cryptocurrency and this prosperity that many of us are looking to get that just can't seem to get. Our projects, our cryptocurrencies aren't going up in value because they're too inflationary. We don't know when people are going to dump on our heads. And so, you know, many of us are finding ourselves spinning our wheels more so than anything. BitcoinNYK provides an opportunity now, and some people are catching on to this, and it is starting to work for them that this is the way to go in cryptocurrency. That the problems to solve is inflation, and the problems to solve is onboarding, and the problems to solve is easier user interfaces. And what's the easiest way to, to get to these people? Well, to reach them with situations they're already in, to reach them with technology they already use, right? They already use social media, so this type of streamlined connection to that, right? Similar to how they use Facebook and PayPal, right? Creating a situation like that is what BitcoinNYK has strived to do through its platform. And so far it seems to be working quite well. All right. So looking at the trade volume today, we hit A gain of about 70%, pull back to about 40%. Amazing stuff. This is the beginning of Bitcoin MYK, and I kind of think of it and I liken it to the early days of Bitcoin when Bitcoin had no trade volume, when it was as low as 1 cent. And with the state of affairs in cryptocurrency, Bitcoin has went on a pretty good run, uh, recently, but it always seems to have a situation where it goes on this run and it pulls back, doesn't it? And we never really break out with Bitcoin like many of us have hoped. Um, this has been going on over the last 10 years, but wouldn't it be great to have the beginning of a Bitcoin-like product that's only fractions of pennies and this is the chance to, uh, have a situation where you can have, um, this version of Bitcoin create a lot more value for people. It is a lot easier to move, um, a cryptocurrency at fractions of a penny than to move a product worth hundreds of billions of dollars. Um, and so this is an opportunity for us to have a situation like that where we're able to do just that. And that's what I'd like to see happen with the BitcoinMYK product, to have you all take advantage of that opportunity so you're, so you're able to get there, right? And so very exciting product. What's going to happen with BitcoinMYK? It burns 1 to 1 on each transaction. Each cryptocurrency is burnt 1 to 1. So if there's only 100 million in existence, that number is dropping down like, um, like a hot potato, right? It's just dropping. Um, and pretty soon, um, it will be on par with Bitcoin of about 21 million coins. But then BitcoinNYK will do something that Bitcoin cannot do. It will deflate even further than that. So this is kind of simulating what happened with Bitcoin in a way and trying to do everything that Bitcoin maybe didn't do as efficient before, a lot better with this product. And it's so much to this product that you guys just have to try it. You can try it absolutely free. You can just come on the site, register on the site, get tokens free. But this could be one of those opportunities again. This could be the start of them. And even though this is on a low-volume exchange, I don't think that's going to matter in the end. It's not the exchanges that make products, that make cryptocurrencies great. It is the product itself that makes these exchanges great. So the Bitcoin NYK project doesn't necessarily need uh, big exchanges to perform, uh, at a great level. The Bitcoin NYK project is doing a great job of onboarding right now, uh, over 13,000 accounts. That number is going to go up a lot higher. People are going to start to figure out the deflationary model and what works with this project. And I think that we're going to really start and begin to see some really, uh, interesting things and exciting things happen with this project. We want to bring the excitement back to cryptocurrency. And with the deflationary quality of it, how it deflates, it is very exciting to see how many tokens are gonna be left at the end of this thing, as well as the many use cases of the Bitcoin, excuse me, of BitcoinMYK. So very excited about this product. If you haven't got involved with this product yet, I believe you're doing yourself a disservice. I believe it's one of the best cryptocurrencies out there. I think it's one one of the most safest for the investor, right? Because of the deflationary quality, it makes it ever so much more difficult to lose value when the token is deflating at a rate, a very aggressive rate after you get in, as opposed to other cryptocurrencies where you have a higher inflation rate and now you got all these people dumping on your head, right? So this model, we're hoping will become the premier model of cryptocurrency. And many of you all will try this. We think you're gonna be glad that you did. We think that you're gonna like this model a lot better than what we've gotten in cryptocurrency, which has been a lot of wash trading, is it's been a lot of manipulation, and it's been a lot of stealing of value. In a deflationary product like Bitcoin MYK, it takes all that out. Very difficult to steal value when your supply is being burnt at a very aggressive rate. It's hard to inflate the token. It's hard to dump and add more tokens on the market. And so in that way, the BitcoinNYK project, I believe, is probably one of the best models for cryptocurrency. So much going on with this product. Can't explain it all in one video, but, Give it a try, give it a shot, let us know what you think. It was created for you all. But 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.