
What is BYCOM?
If you are reading this article, I guess you are interested on blockchain technology and already have some knowledge on this field. You probably have also invested in Bitcoin and/or other Cryptocurrencies. Nowadays we have multiple options to invest on this revolutionary technology, and those investments can be very profitable.
But once you start digging in the Cryptoworld, you also find out that it is very important to invest with caution and to investigate profusely before investing, to avoid falling into scam schemes that also populate this Cryptoworld. Low cap projects have the enticement of being much more profitable in the short time, but they are also more dangerous to invest if you don´t have any background on that project, team and development.
This dangerous enviroment for those with little or no knowledge is what pushed us to create a new token called Bycom.
Bycom was born as an effort to put to an end the uncertainty of those investing on low cap or less known projects, giving them the tools and mechanisms to avoid falling into those scam schemes.
The first step that was taken was to compensate those investors affected by the Bykor scam. To achieve that, the team set up an airdrop program, that has already started, and will culminate with us sending those affected Bycom tokens on a 1:1 ratio. After the first batch of Bycom tokens has been sent, we have received astounding support from the community that makes us think that we are working in the right direction.
But that is only the first step. We are already setting up all needed for Bycom to become something vital for all Crypto investors to reduce risk exposure. In the near future, Bycom will work as some kind of insurance to cover those investments made on scam projects or projects that are left to die. Also, a “Trust” label will be in the works along a blacklist exposing those projects that don’t comply with the minimum requirements to admit them as trustworthy.
The team has also decided to avoid starting an ICO to receive the funds needed for development, marketing and other expenses. ICO’s are many times overvalued and the funds raised are not always used on the financial needs of the project. We, as one of our goals in to promote trust, have decided to receive our economic resources directly from the tokens on sale in the available exchanges. At this date, Bycom is listed on client.wavesplatform.com and we are working to have Bycom listed on new exchanges during this year.

We have also started working on the WhitePaper. On it we will give all our investors with a detailed description of all the actions we plan to carry out and all the use cases that Bycom will have to help investors fight against scam projects. The aim is to provide investors with a token with intrinsic value and real use case.
If you are interested on the project and want to obtain more information or just want to follow our updates, use these links:
Telegram: Official Updates Community
Twitter: @bycom_official
Web: Bycom.io
