BNS story so far and the road ahead
Hi
As we take $bns to new levels by adding utilities and opening up more trading avenues for it. $BNS is the central lifeblood of ecosystem products which bitbns has.
$BNS currently has multiple utilities
- Fees discount. Over 50 crores in fees discount has been available by users
- Bitdroplet 1 month free offer. Over 25 crores worth of SIP instalments have been paid by Bitdroplet for users availing this
- 3% annual airdrop for holders on bitbns.
- FIP additional interest. Over 5 million USD worth of additional interest was given to users.
- Pool sales. Over 200 BTC worth of pool sales were done and users got BTC at 50% discount
- A significant portion of holders benefited by farming $BNSD using $BNS
- Fee rebates by providing liquidity on Uniswap pool
- You can convert your small balances to $BNS and over 2 million USD worth of small balances have been converted by users
- Users were able to buy the hardware wallets using $BNS
- And many more
Currently $BNS is extremely undervalued and is a sub 25 million USD market cap token
The current circulating supply for $BNS is
This is how the supply schedule looks like
Currently overall 267 million tokens are in circulation. This pegs the $BNS market cap with a price of 0.08 USD (which is last 30 days avg price) at just 20 million USD.
Currently the market cap is not updated on coingecko and coinmarketcap and this is something we would be getting done in a week’s time. It needs a few wallet addresses tagging for it to work which would be done in the coming up. We expect it to happen before 22nd August. Circulating supply would also get updated on kucoin once this is done
To put things into context the market cap of exchange tokens globally
So the upside potential that $BNS has remains massive. Because it’s not just an exchange token but is going to enable a lot of utilities like seamless 0 fee crypto payments, merchant payments at a discount + cashback using $BNS. For example this
https://www.youtube.com/watch?v=e7lU1yHaiZU&ab_channel=Bitbns
These few utilities had been in the pipeline as the exchange itself grew massively. From doing under 60 million USD a month volume to 2.5 billion USD that is a 50x scale in less than 10 months. We had to work really really hard to ensure that our systems kept pace with it because exchange users are our first priority.
We are listing on a new global exchange next week and we are working towards adding more avenues where users can trade BNS from.
Onwards and upwards,
Team bitbns
