After the development of the further working strategy, our team focused on the active development of the platform and the implementation of measures to connect the BM products to the blockchain and the token payment acceptance functional.
Future platform functional
Much work has been already done to create the first version of the platform, which includes the deployment of a test network and the development of the primary functionality of the system.
- Functions of writing posts and comments, viewing posts, lists of posts, likes were implemented.
- The design of the site with elements of the most understandable user interface, in which the flaws of existing social resources and platforms will be taken into account and corrected, is being developed.
- The adaptive mobile interface is implemented and is already being tested.
Reputation in the BMCHAIN system
Many users are interested in how the evaluation of the actions of the project participants will take place and on what criteria the reputation will be built.
The user’s reputation will be formed from the parameters of the evaluation of his utility in the project and calculated by the algorithms of the system based on the results of the action being performed. Tokens in the first version of the platform will act as a bonus unit, which can be converted into other currencies or used as a payment for goods and services.
Unlike the Steem and Golos projects, the participant’s reputation will not depend on the number of his tokens — this will solve the problem of abuse and violations. The main multiplier of the user’s monetization will be his reputation, which will be formed on the basis of assessments made by other participants. In the case of a positive evaluation, the user for whom they vote will receive a portion of the voter’s reputation. The higher the reputation, the higher will be his reward in tokens for the action performed. Thus, to multiply tokens, first of all the user will need to create a positive reputation.
Advertising and cooperation with partners
Media advertising is carried out in social networks, forums, news and crypto-currency aggregators, as well as contextual and targeted advertising to attract key audience.
Cooperation on media partnership is conducted with such resources as Coinspot, Finam, Bitcoincloudmining, BTCSoul to cover the news of the project at the fintech and the crypto-currency market. The partner program is actively developing — more than 1500 ETH attracted through the use of referral links and promotional codes.
In order to increase the popularity and audience of the project, the first 100 partners that will offer their products or services for BMT tokens at a discount for their customers have been selected.
Statistics and project news
Currently more than $1,585,000 has been collected at the exchange rate as of September 29, 2017. The partner program is actively developing — more than 1500 ETH attracted through the use of referral links and promotional codes.
In the system that is being created now, any partner will sell the product or service at a significant discount, so that it is more profitable for the customer to make a purchase for BMT tokens.
3200 applications were received from partners wishing to connect their services or projects to the BMCHAIN platform.
One more great news!
BMT token was added to Etherscan and Myetherwallet services. BMT token is officially added to Etherscan.io blockchain explorer, providing full information on transactions, token settings and social resources. https://etherscan.io/…/0xf028ADEe51533b1B47BEaa890fEb54a457…
There is no longer any need to add BMT to Myetherwallet wallet yourself — BMCHAIN token appeared in Myetherwallet service interface.
You can check your BMT token balance at https://www.myetherwallet.com/#view-wallet-info in the Token Balances tab on the right side of the screen.
You can follow the latest up-to-date project news here, as well as on official BMCHAIN social networks accounts, in Telegram chat and via newsletter, which is available when registering with bmchain.io.
We remind you that customer support is provided through an online consultant on bmchain.io.
