How to Lend the BMC Token
Blackmoon Crypto Token (BMC) plays an instrumental role on the Blackmoon Crypto platform. BMC holders can register as Continuous Contributors and receive proceeds from the platform operation while performing certain roles and voting on strategic matters.
Investment advisors are also required to deposit BMC to the platform in order to start a fund, so there would be a fundamental demand for the BMC tokens in the market.
But what should a BMC holder do if she doesn’t want or cannot register as a Continuous Contributor, nor is willing to sell the BMC token?
Blackmoon Crypto platform plans to introduce an option to temporarily provide a BMC token from one party to another.
Нere is how it works:
- The Provider of tokens deposits BMCs she is willing to provide to a special wallet within the Blackmoon Crypto platform.
- The Recipient and the Provider agree on the terms of the arrangement such as tenor, the share of the future income from the tokens that the Provider shall get and the Continuous Contributor’s role which the Recipient intends to perform.
- Submitted BMCs are frozen and neither the Recipient nor the Provider can withdraw tokens from the depository wallet on the platform.
- These tokens are considered to be temporarily owned by the Recipient. The Recipient receives corresponding proceeds from the platform if she is qualified as a Continuous Contributor.
- Within the term of the agreement, the income from such tokens is shared between the Provider and the Recipient according to the terms of the agreement.
- When the term of the agreement lapses, the BMCs are unfrozen and returned to the Provider.
We at Blackmoon Crypto believe that this arrangement can give additional value to BMC holders and encourage them to keep tokens instead of selling them.
We intend to introduce the MVP solution for face to face deals before the first fund on the platform is started and to present the smart contract for execution of the process before the end of 2017.
Read more on the basics of the BMC in this article.
Handy links:
- website: blackmooncrypto.com,
- whitepaper: blackmooncrypto.com/bmc_whitepaper,
- teaser: https://goo.gl/iGWQ5N
- telegram chat: https://t.me/blackmooncrypto,
- parent company website: blackmoonfg.com.
Blackmoon Crypto token sale starts on September 12 and it’s projected to sell out pretty fast. We are also gathering pre-orders ataccount.blackmooncrypto.com.
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