It is not an easy task to get into the world of cryptocurrency. People may discover about Bitcoin and get really interested in buying them. The test for their desire starts from here. When they step into the real buying context they will see that the point is far away from them and they still have to wait before reaching there. The procedure for getting registered in any exchange or selling your cryptocurrency is a tiring task.
The process of buying cryptocurrency can be said as cryptocurrency onboarding and the sale of cryptocurrency can be said as cryptocurrency liquidation. Where can you get cryptocurrency without having much trouble. Boon Coin can help you in this situation.
Solving the Cryptocurrency Onboarding Problem
There are strict onboarding requirements that include Proof of identification, Residency, Marital status, Sources of wealth, Occupation etc. You will need to complete the KYC norms which needs to be signed and notarised. It is such a time consuming effort. You can take a look at an article from thefinancer.com for more details about cryptocurrency onboarding.
Boon Coin solves this problem by giving everyone a way to get paid for doing simple, but valuable, tasks, and contribute . This will help to the wide distribution of BOON tokens. This is useful because cryptocurrencies have a network effect.
Solving the Cryptocurrency Liquidation Problem
Once you have a coin that is of no use and possess very little value is more difficult to sell. It will cost more than the value of cryptocurrency you hold. The procedure for selling starts from creating an account with an exchange and needs to go through KYC validation and pay fees.
Merchants will be more interested in converting their cryptocurrencies in to tangible goods and services. Merchants will not find any problem in accepting any coin if that helps to increase their sales. Boon coin lowers the barrier for entry of merchants by having a large user base with a stable currency. The system will be improved with the presence of merchants. As the system get improved the users can simply leave the system without facing the troubles of using an exchange
Boon Tech gives another feature to liquidate small amounts of cryptocurrency by way of tipping. It works in the same way as how we give tip for a waiter. When each person leaves a reasonable amount as tip, it will accumulate into a meaningful amount. In this method both the service provider and user is benefited.
Web: https://boon.vc/
