In this video the host provides a broad‑view commentary on two free‑cryptocurrency projects—Zen (also called XEN) and BitcoinMYK (also referred to as BitcoinNYK). He explains how Zen is being extended onto the Bitcoin blockchain via Ordinals, a mechanism similar to NFTs that embeds data directly on Bitcoin. He then shifts focus to BitcoinMYK, describing its origins as a proof‑of‑participation token that predates Zen, its deflationary supply design (initial 21 million, now ~30 million, targeting a final ~5 million), and its “citizen’s dividend” concept that functions as a universal basic income by giving the token to anyone who participates in simple social‑media‑style activities on the Hive blockchain. The speaker highlights the project’s free‑minting model, zero‑fee transactions thanks to Hive’s resource‑credit system, and the ease of obtaining a Hive wallet. He discusses market dynamics, noting that BitcoinMYK trades on low‑liquidity Hive Engine exchanges where small amounts of Hive can cause large price swings, exemplified by a 1,300 % weekly gain. The host compares BitcoinMYK’s tokenomics to Zen’s more inflationary early phase, argues that both represent the most promising “free crypto” projects, and stresses that free‑cryptocurrency communities should not view each other as competitors but as complementary. He concludes with a call to action for viewers to try BitcoinMYK, obtain a wallet, and subscribe for more content.
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Welcome back to the channel. Hope you all have had a great day. Been a little while since I made a video, just kind of sitting back, taking a look at the crypto space with a broader view and just trying to see what happens next. As far as the Zen community is concerned, Zen's always in the next development stage, uh, Jack Levin, as, uh, impressive as ever. Uh, some of the newest things he started to talk about is, uh, Zen itself being on the Bitcoin blockchain with something called Ordinals, which is kind of, I guess, reminiscent of NFTs. It's these images, artwork, that seems to be implanted on the Bitcoin blockchain. As many of us sometimes forget, Bitcoin is actually a blockchain you can do things with, and nobody uses it for anything, but it— it— you can put applications on Bitcoin, believe it or not. And so Jack Levin is now getting past, or rather getting Zen on the path of more so being Bitcoin or obviously being part of the Bitcoin blockchain, right? So that's some of the latest stuff, you know, the Layer 1 project that's out to 2024. On a scale in comparison to PulseChain, HEX community, and so on, XIN is far more impressive when it comes to getting things done, you know, in short periods of time. And I think that's a good thing. So XIN is basically, in my opinion, could be a top 10 cryptocurrency, could be right along there with Bitcoin, and it's good. All right, never have we seen a project that's really walked the walk on trying to get the cryptocurrency in everybody's hands, uh, getting it to them free, with the exception of Bitcoin MYK. And, uh, we're going to talk a little bit about Bitcoin MYK today. A lot of people still don't understand this project, Bitcoin MYK. Uh, it is like the first version of Zen It came out several years ago, the Proof of Participation model, so it does predate Zen. And its goal is to have 21 million coins. It's about 30 million now. And it then at that point become as deflationary as Bitcoin. Or I'm sorry, about 4 times more deflationary as Bitcoin, settling on a fixed supply of about 5 million coins, right? Now, what's so interesting about BitcoinMYK as it silently moves under the radar? Not a whole lot going on with it right, right now, but it is up over 1,300% this week. Now, that is because BitcoinMYK is the exact opposite in many areas of Zen. It is almost identical to Zen and Idea, but it has a total opposite view of what happens with supply. Whereas Zen is quite inflationary during the first several years, Bitcoin MYK was always deflationary. And of course this causes big, you know, jumps in price and so on. And that's all very, very interesting. BitcoinNYK also, uh, very easy user interface and platform where people are actually minting their tokens by doing everyday normal social media stuff. And they're in— through that participation, they're gaining, uh, they're minting the cryptocurrency BitcoinNYK, right? So very interesting project. Uh, we do feel like it's the future in that it's gonna be one of those big projects down the road. Also, the blockchain that is mostly active on Hive, you know, pretty much all transactions are free. That makes things a lot easier. It's mostly games and social media applications, which, you know, we think will be very appealing to a lot of especially new people who don't know a lot about cryptocurrency, who wants the easy user interfaces. And, uh, just a very— excuse me— very exciting, uh, project. We invite you to, uh, especially if you're in the XAMPP community, you're probably going to see many parallels in this, uh, which will lead some to think we've copied XAMPP, which isn't the case. Uh, again, we predate XAMPP by a very long time, but there are some things that are similar to XAMPP but that we think are a lot more practical. And we'll let you take a look at just some of these things that we're talking about. All right, over here on Hive Engine, this is one of the main exchanges that BitcoinNYK trades on, but it trades on several others. Think about 4 or 5 other exchanges at this point in time. Again, this project has been going on a while. It's a very slow, steady-moving project with, I think, some of the best tokenomics out there. Um, now again, remember, this is opposite design. It's quite deflationary, right, which makes it easier for the prices to go up and move. But also what we find quite interesting, uh, um, about being on these exchanges, these very low liquidity exchanges as it were, is that the more low liquidity exchanges are, the more hot, you know, the prices jump around, they go up faster because it's less liquidity, right? And so it's a lot more exciting, I think, in the price area. Now if you look here, right, if you look at the current price and what happens if you just look at the differences between the ask here price, right? You see one at 0.00009, then you see one at 0.0009 And the only difference in these prices are about 26 Hive, which isn't even $13 USD. So that means that $13 going into this exchange on the BitcoinNYK token is going to 10x the coin, right? It's already 10x earlier this week. So You know, that's what happens on low liquid exchanges, you know, prices move like that. But also BitcoinNYK, this is a free cryptocurrency, right? Similar to XEN. Because it's free, you know, that can introduce a lot of, you know, new people trying it out and so forth. And that's kind of what's happening as we see new buyers coming in and so on and filling up the order books. But, um, yeah, that's all very interesting. I, I think it's quite exciting to like what a lot of people in Zen and other cryptocurrencies, whether it be Pulse or Hex, I think this is what they like to see. Although that's not really the goal of BitcoinNYK. The goal of BitcoinNYK is to be more reminiscent of Bitcoin but declare something called the citizen's dividend, which is basically a form of universal basic income, which means that You're trying to get the cryptocurrency in everybody's hands, right? So the path of least resistance, the easiest way to get cryptocurrency in everybody's hands is just give it to them, right? And so that's kind of the concept of, you know, BitcoinNYK. The main objective being get you the cryptocurrency in your hands and then let the community in the market decide what happens with it next, right? You know, whether you see great prices or drops 90% whatever the case may be. But also what's very interesting about this project is as it addresses issues like automation and poverty by creating this very fair distribution model, which is essentially AI technology, where everybody's minting these cryptocurrencies just by logging on to the platform, being part of the platform, participating, doing social media game-like activities, they, you know, daily. And this is what happens with this. It's a very exciting, you know, project. I think it checks a lot of boxes. Um, but, uh, that's all I think we're gonna say in this video. Um, I look at Zen cryptocurrency and BitcoinNYK as the future, probably the only two cryptocurrencies I'm excited about. Uh, I feel like many of the other cryptocurrencies are quite redundant, you know, as to say these just kind of repetitious and, you know, repeat the same variety of activities, whether some new game somebody— people aren't gonna play, or if it's some new cryptocurrency, DeFi, NFT that won't be around next week. Uh, it's only the more unique cryptocurrencies or ideas I'm seeing in the era of the free cryptocurrencies like Zen and Bitcoin MYK that I'm seeing anything to get excited about where people will be engaged in it. And although I feel Zen's moving slow, and that's a problem, I only say that because, uh, technology moves so fast, new projects pop up so fast that when you start to do roadmaps in years, it's just so much can happen in those time frames. And I do know patience is important and a virtue, but this is just the reality of cryptocurrency that You always got to be executing and on top of things. But that's all I think I want to say in this video. Um, you know, um, as far as obtaining a wallet with BitcoinMYK, you can come on our platform, get an internal wallet free to move along the Hive blockchain and many exchanges that are more popularly traded in getting your free cryptocurrency. You do need a Hive wallet, and you can obtain that pretty much free. There are so many community platforms that pay for the wallets for you. This wallet works more similar to EOS wallet where there is just like this kind of one-time wallet fee, whether it be a dollar or a couple of bucks or something. The community generally will pay for it for you, no problem, or you can just contact me and and, uh, I can assist you with getting one. Uh, so don't let that hold you up because the great thing about it is once you do that, you get these things called resource credits where pretty much all your transactions are free. So one hangup I had was in is that you could present a free cryptocurrency to people and that could be quite appealing and lead to mass adoption, but if you got to pay a significant amount for the wallet, it's doesn't feel really free. It still hinders people from adopting. And so to work around that, we've tried to— we think BitcoinNYK does a great job of getting around those obstacles. And, you know, again, as far as free cryptocurrencies go, I don't think that, or at least I don't see the cryptocurrency space as a world where free cryptocurrency will be in competition competition with one another or be at odds with one another, or you have to choose one community over the other. I think pretty much how it'll work is Free Cryptocurrencies will just, uh, be used by all members of the Free Cryptocurrency community. So as to say, if you're a Zen community member and you feel there are some laps in loyalty, if you want to try a project like BitcoinMYK, I don't think it should be there because I think that all free cryptocurrencies are pretty much the same thing on the same side. And, uh, right, it is likely that people who use freemium service cryptocurrencies, that they'll use others in kind of, in kind of unison-like way. So at least that's my take and impression on it. I'd love to hear you guys. That's all I want to say in this video, guys. If you like content like this, don't forget like, subscribe. Don't forget to get your free cryptocurrencies on BitcoinMYK. If you're unsure about it, ask questions. Don't miss, you know, these 1,300% gains in a week. Uh, much of the excitement that's gone out of cryptocurrency seems to exist in projects like BitcoinMYK, so make sure you participate. That's all I want to say. Until next time, as always, take care of yourselves and each other.
