The real reason Elon is creating FUD and what it means for the BSC.

cowjumpmoon

Published in

Altbase

5 min readMay 31, 2021

Welcome to 100xCoin, the most accessible cryptocurrency on the BSC.

Hello Holders 🐄

As always, here’s your 100x update discussing the strategy we are using to become the most adopted currency on the Binance Smart Chain.

For anyone new here quick reminder of who I am — CowJumpMoon COO at 100xCoin.io. Previous 7 years of venture backed startups and turning multi-million fundraising rounds into scaled tech solutions. I do the tech building, and my boy @kenthecrypto runs the marketing and the capital raising.

We’re backed by 54,000 holders and the best team in all of crypto. Shout out to our telegram, mods, and based community 💯x. We are the community coin that will take over DeFi.

This week we’ll discuss key wins, future projects, and discuss our view on the exciting bull-run we see just getting ready to start. Happy reading! 📖

Did Elon Scare You? 😮

You’re not alone. Two weeks ago Elon tweeted the now infamous tweet that Tesla will not accept Bitcoin to purchase their vehicles. He cited growing energy used to process transactions on BTC. Some people forget that Elon was part of the PayPal mafia, so he’s used to manipulating markets. And he’s actually helping us.

BTC energy consumption bullish statement for the BSC.

Immediately after that tweet, Elon began shilling Doge, an alternative currency built on a fork of the luckycoin blockchain. He claims they are working to improve transaction efficiency on the network (what he had an issue with with BTC).

You know who has already improved efficiency and lowered fees and improved efficiency? That’s right, our boy CZ Binance, the creator of The Binance Smart Chain (BSC). Unlike BTC and ETH has fees 50x less expensive than Ethereum and can be used just as well.

Because of the low fees and exponential adoption, top talent is moving to the BSC network. Instead of paying $300 for a simple transaction, users pay around $14. This give developers the ability to build technology for the average user, not someone who could feed a family of 20 at Chili’s for a simple “Stake, Unstake” transaction 😑.

What this means for the BSC 📈

FUD on other networks shows the value the BSC is creating. The graph below shows the comparison of Ethereum Gross Value Locked (GVL) to Binance GVL. Because of the ease of use and low transaction fees, it’s foreseeable that Binance could overtake Ethereum as more users and projects join the network.

We forsee a future where the BSC could overtake ETH in terms of GVL due to the lower fees and influx of users onto the platform. We are part of the growing network with the low gas fees that users have been asking for.

We’re the new PayPal mafia, and if you’re reading this, you are a part of it. 👊

As the BTC and ETH market trade sideways, we expect to see alternative coins such as $100x make their moves towards the moon. This is similar to the bull run of 2017 where BTC dominance falling showed microcaps mooning. Be ready for green candles at any moment as the market begins to stabilize.

DYOR, this article is not financial advice.

How we’ll capture the market 😍

Part of the reason the BSC is not used to its full capacity is the issue with the current technology for user onramping. For this reason we are developing Altbase, the mobile application that will let users purchase $100x and other microcap altcoins straight from debit or credit card.

The math is simple. Here is the secret formula for explosive growth:

💳 + 🐒 = 🚀

We’ve listened to the users and solved one of the biggest problems in crypto. Shady websites. Confusing wallets. Scams. We package it up and make it secure and purchasing easy.

It’s only possible because of the tokenomics 💰

Our currency is unique in the fact that 3% is burned every transaction. 5.5% is added to the liquidity pool to stabilize trades and raise the price floor, and 1.5% is added to our marketing system.

This combination of functions is helping us moon fast while maintaining a steady foundation.

The Crypto Venture Network 🔠

Then we are layering in our Crypto Venture Launchpad. After successfully launching our mobile app, we’re bringing Venture Deals to the BSC. Each of our launchpad companies will have tokenomics that support the growth of 100xCoin.

For example, a project launching on our launchpad may include a transaction fee that purchases and burns $100x, constantly decreasing the circulating supply of 100xCoin and therefore raising value.

Additionally, 100xCoin will receive a percentage of tokens from each launchpad company. These will be added to our treasury and coming staking features to grow total value locked underneath the 100x ecosystem. In three to six months we see ourselves becoming one of the largest managers of capital on the BSC.

But it doesn’t stop there ⏱

The decentralized 100x community is always working grow brand recognition and adoption. To enable the community we are going to continue to iterate on our mobile application and build Mobile First solutions for common BSC users.

A user shouldn’t have to spend their time between poocoin, BSCScan, metamask, and every other degen website to simply trade altcoins. 100x will become the hub of the BSC by generating engaging features that simplify the world of memecoin trading.

Foundations keep growing 💱

Another piece of exciting news is the upcoming listing of 100xCoin on one of the top exchanges in the world. While we can’t share details yet, we can confirm the listing will occur within the first two-weeks of June at any moment. The exchange proudly boasts $1.5B in daily volume and has a track record for mooning coins.

Stay in touch on the Telegram to be the first to know about the listing.