In this video, the presenter explains the BitcoinMYK (BMYK) platform’s universal basic income (UBI) model and how upvote rewards are structured. Originally, upvote rewards were split between curators and the platform, with half of the reward value going to curators and half retained by the platform. The video announces a change: participants will now receive the full benefit of their upvotes, with the reward divided equally between the BitcoinMYK‑backed dollar (a stablecoin backed by the network’s issuance) and the BitcoinMYK native token (which has on‑platform utility). The presenter describes the native token’s role in advertising and promotion, its future potential as the sole token accepted for platform transactions, and the backed dollar’s stable, non‑decreasing value. The video concludes with a strong call to join the project, positioning it as a leading cryptocurrency opportunity, and encourages viewers to like, subscribe, and engage.
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Welcome back to the channel. I hope you're having a great day. So today I want to talk about the BitcoinMYK $BAT rewards that you get when you upvote, uh, our content. So to help you understand, we're a Universal Basic Income project. So what that means is most of the value created is going to circle back through out of our products, whether it be BitcoinMYK or the BitcoinMYK back DAO. Um, so what we've opted to do, as we had been rewarding, uh, we had just changed and started rewarding people who have been upvoting content that we do that they like, you know, instead of keeping them, uh, the value which you're, you're rewarded in, whether it be their tribe tokens or native tokens or their hive token. Hive coin. What we've opted to do is circulate that back out through them because that's pretty much what we do. We're universal basic income. So one issue we were having is how these rewards are paid out. About half of them go to, uh, what they term their curators. Uh, these are the people who are participating in the system. They're upvoting the comment, they're reading this comment, these comments they're posting, and so on. But these people who receive, um, or the curators who receive, 50% of that value goes to them and 50% goes to us. So it's split down the middle. Um, the BitcoinNYK back dollar, as we explained in our last video, it is pretty much backed up by the value of the issuance of the, of the coins. That's to say that the value has to actually be there to back it. Otherwise, it's, you know, it's no— there's generally no reason to think of it in that terms or think of it in any kind of stable terms. Because only half from the post gold source, we're only allowed to issue you half in the Bitcoin NYK-backed dollar. However, the Bitcoin NYK native token doesn't work that way. So what we're going to be doing now is basically you're going to receive a full benefit of the total value of your upvotes, meaning that half will be paid in the Bitcoin NYK-backed dollar and half will be paid in the Bitcoin NYK Native token. So it's gotten a little bit better for the people who participate in our posts and our content. Obviously, that what— that's what we need for it to be a growing, valuable network, that you're able to, um, uh, that we're able to have participants, people using the site, people using the token, the platform. And the more that happens, you know, obviously it's going to be better for everyone involved. All right, so not a long video. That's pretty much it. If you don't know what the bit— you don't know the difference between the BitcoinMYK native token and the BitcoinMYK-backed dollar, just keep in mind the BitcoinMYK native token actually has utility on the platform itself. It's a universal basic income project. So that means a lot of people are coming in, getting accounts every day, trying to get the universal basic income because they believe in the ideology of it, right? That everyone should be granted a basic, uh, right to, uh, your basic needs being met. Uh, and if you believe in those type ideas, then you will believe in this project, which means people are coming into that. And then they have use of the BitcoinMYK native token, which can be used to promote advertising. Obviously advertising That promotion is gonna be one of the biggest utility you can do with so many people on a network that aren't actually necessarily putting money into it because of freemium service model. But what they are putting into it is attention value and they can use the site to promote their posts and do certain other things. It does have a market value, right? Although what I like to call phase one right now, you don't see a lot of use of it yet and a lot of value of it yet. But we can see in the future that it being something that could be used to promote, to put up your advertisers. That is because the platform, no matter how big it gets, where it gets to 100 million users or a billion users, it's only going to accept the Bitcoin MYK native token. Okay, um, in addition to that, the Bitcoin MYK back dollar is going to be the actual money. It's going to be the stable money you can send across the globe. It's going to be the stable money that you can pretty much park your assets in to wait to see what the market does, what it does. And there are some other things about the Bitcoin and YK back dollar. Although it can go up, it cannot go down from the point of the value of the network. Okay, so that's all I want to say in this video. I think that about covers it. If you haven't joined this project, you probably need to be doing that right away. Probably one of the best cryptocurrency projects out there right now. But that's all I want to say in this video. If you like content like this, don't forget to like, subscribe, and until next time, as always, take care.
