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Beepmagnet to redefine Consumer Loyalty as it launches New token on the Ethereum Blockchain

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Among the few African startups that have focused on practical results and use-case in the blockchain space is the Beepmagnet group. This vibrant startup under the leadership of  Amb Dr. Gilead Okolonkwo, who is the Chairman & CEO of this Company has streamlined the direction of the company to standout in the use of blockchain to solve real life problems. The Focus of Beepmagnet Group in the blockchain space is the “Revolutionization of Consumer Loyalty”. 

Beepmagnet is committed to evolving traditional consumer loyalty and rewards solutions into the blockchain. In the last 4 years, Beepmagnet has been working behind the scene to prove the possibility of using Blockchain by merchants in Africa to reward loyal customers.  This vision leads to the development of Her Private blockchain to support this vision. 

 Beepmagnet after 4 years has been able to accomplish this milestone with her private blockchain known as BMCToken Blockchain. This blockchain supports BMCT coins which is a utility coin that can be used by merchant stores to reward their loyal customers.  Beepmagnet Group has yet again made another addition in ensuring the ease and simplicity of the Beepmagnet products. 

 Beepmagnet has taken another bold step to develop a new ERC-20 Token that runs on Ethereum Blockchain which will support and scale up her consumer loyalty adoption for Africa – the Beepmagnet Token (BMToken).

 Introducing BeepMagnet Token  (BMToken)

What is BMToken?

BeepMagnet Token (BM Token) is a utility token of Beepmagnet Group that supports BMCT coin. BM Token is an Ethereum based token that represents points of consumer loyalty value that can be acquired based on spending power that a consumer spends across merchants. The BM token is supported by 11 use cases

BM Token is designed to support BMCT coin SWAP for speed and Decentralization on a 1:1 ratio. This means that BMCT coin holders can SWAP their BMCT coins to BM Token at any time. BeepMagnet group has created a hybrid Ecosystem that supports Ethereum blockchain (BM Token) and BMCT Blockchain ( BMCT Coins ).

Beepmagnet group is combining Ethereum blockchain using BMToken with a Ticker (BMT) and BMCT Blockchain with a Ticker (BMCT) to revolutionize consumer loyalty.

Beepmagnet International Group official coin and token are;

BMCT coin (Blockchain merchant consumer token) 

BMToken ( BeepMagnet Token)

Our Coin and token Tickers are: 

Blockchain merchant consumer token ( BMCT)

Beepmagnet Token (BMT)

BMCT runs on the BMCToken Blockchain, while BMToken runs on the Ethereum blockchain. 

The Future of BMCT Coin (BMCT) and BMToken (BMT) 

The future of consumer loyalty and reward with the combination of these two blockchain means:

a. Trust b. transparency

c. speed d. decentralization. 

BMCT blockchain is a Hybrid Blockchain that has combined 3 algorithms. POW, POS, and Master Nodes that supports BMCT coins. BMCT Master-Node has a smart contract of 100 years that determine the coin supply which consumer can earn from merchants that activates our loyalty solution which is backed by a Master-Node Smart contract.  

BeepMagnet token (BMToken ) will support BMCT coin as a SWAP token for BMCT and also a token that merchants can accept in their businesses. Beepmagnet Intl. Group is committed to delivering 11 use-cases that will drive the adoption of BMCT and BMT. This means that the 11 use-cases that Beepmagnet is developing will be built around BMCT  and BMT. With BMT we all expose our project globally and this will open third party Smart contract integration. 

a. Easy listing on exchanges.

b. Decentralization 

c. Merchant API integration. 

 “BMCT  and BMT Holds the foundation for the world’s blockchain consumer Loyalty Rewards”

BMCT  and BMT USE Cases

a. SisiBox

b. QtradeAi

c. Global Empowerment Initiative ( GEI)

d. BMCToken GiFT Card

e. Laundry Mart

f. MobDoctor 

g. SiSipower

h. Zardicon 

i. BMCToken Mastercard. 

Beepmagnet Group is confident about the dynamics of these use-cases to support Global adoption of BMCT coins and BMToken in the marketplace as a Lead Pioneer Firm using Blockchain technology to solve traditional challenges associated with traditional Loyalty reward. 

Beepmagnet Future Objective 

a.    We want to see a time when consumers will reject Gift card points or loyalty points that are not powered with blockchain technology, which limits the consumer to speed or redeem loyalty value only at the place it was given. 

b.    We look forward to a time when consumers will ask merchants for BMCT coin or BMToken as their preferred option for a loyalty reward. 

 c.    We envision a time where consumers can redeem BMCT coin & BMToken Globally across all merchants connected on our Blockchain Network. 

d.    Imagine HOLDING BMCT coin or BMToken received from a merchant store for years of shopping which you can pass as a GIFT to your children.

We are providing a Global solution to shop or Spend only with merchant stores that offer customers BMCT coins or BMToken that is redeemable in the store or traded on Exchanges BMCT and BMT are listed. This can also serve as a secured saving for the future provided customers/users are able to protect their  “ PRIVATE KEY “ & PASSPHRASE of BMToken and BMCT coins respectively. 

Matching technology with innovation is our mantra. 

Visit our website and follow us across our social media handles.

www.bmct.io

www.beepmagnet.com

www.loyalty.bmct.io

@BMCToken & @beepmagnet.

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China Boasts of Establishing Over 10,000 New Blockchain Companies in 2020

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Notwithstanding that the whole world was shut down recently due to the Coronavirus pandemic, it appears that China has scaled higher in terms of the number of Blockchain companies newly established. They have recorded 10,000 more Blockchain companies.


LongHash, a Blockchain and Crypto data platform reiterated this last week on the 8th of August via a tweet that China’s Blockchain industry is witnessing substantial growth regardless of the Coronavirus scourge this year. LongHash revealed that more than 10,000 blockchain companies were established from the period between January and July of 2020.

LongHash made it a point to note that the present number of companies that make money via Blockchain-related services is on it’s way to exceed the 2017’s number of Blockchain companies. From their point of view, 2020’s metrics could even eclipse that of 2018’s aggregate of 18,500 thereby redefining the all-time high standard.

Source: LongHash

This graphic illustration makes it clear that China has 84,410 Blockchain incorporated companies, and out of these, about 29,340 are a going concern. The Guangdong area in South-east China appears to enjoy the highest number of Blockchain startups. Also, the Southwestern area of Yunnan is the province with the second highest number of Blockchain startups.

This number does not mean that all the Blockchain companies are flourishing. A sizeable number of the startups incorporated with a rather small share capital.One of the most recurrent highest registered capital has been recorded to be 5,000 yuan. This is more or less $717. Only a handful of these startups registered with more than #50,000 yuan which is approximately $7,175.

The Chinese government has also hopped in the Blockchain train and is putting plans and works in place to utilize the nascent technology so as to ensure more proficient government services. Even China’s Central Bank was able to access about $4.7 million as grant for its blockchain exchange for another three years. China has endorsed about 224 blockchain projects from giant companies to wit: Walmart, JD, and Baidu etc.

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Dapper Labs raises $12M from Blockchain firms and NBA players

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Dapper Labs Says it has raised $12 million from its latest investors for its flow blockchain. Dapper Labs are the masterminds behind the CryptoKitties and the NBA Top Shot project. Pro NBA players as well as notable blockchain companies were part of the investors that raised the $12 million fund.

The NBA players Andre Iguodala of Miami Heat, Spencer Dinwiddlie and Garrett Temple of the Brooklyn nets, JaVale McGee of Los Angeles Lakers, and Aaron Gordon of the Orlando magic were one of the new investors. Coinbase ventures and BlackTower capital were as well part of the investors.


Dapper Labs has now raised an approximate of $38 million dollars all together. Roham Gharegozlou, Dapper’s founder and Chief Executive officer has said that the funds secured will be monitored to make “sure Flow can scale to the size of projects appealing to fan bases as big as NBA.”

$1.2M in token sales
Dapper also stated that it has sold crypto-collectibles worth $1.2 million dollars to a number of early users on the two-month old experimental version of its NBA Top Shot platform. Top Shot players can buy non-fungible tokens (NFTs) used to depict certain moments in basketball history. Over 22,000 packs of these NFTs worth $1.2 million dollars have been sold on the beta platform.


Each NFT token represent a significant moment and they offer players an experience to see data and videos that each token depicts in multimedia form.


The CEO, Roham noted Flow blockchain can host tokens that feature 3DI animation. He stated it was built to ensure any of the token (NFT) has access to topnotch environments wile talking to Cointelegraph – “to make sure that any NFT has a chance to be able to access a high-throughput environment, have people build applications for them, [and] scale to billions of users”.

Notable raise in Blockchain gaming firms
Blockchaingamer.biz data together with the recent fund raise of Dapper, a total whooping sum of $550 million dollars have been raised by Crypto gaming firms. This total comes from $336 million in sale of tokens, Initial Coin offerings (ICOs), $189 million from stocks and capital offerings in form of traditional investments and other fundraising techniques.


Last month, about $18 million was raised in total. Sorare, a fantansy soccer game raised $4 million in seed fund raise and Animoca Brands got $4.1 million from specific investors. DMarket was able to raise $6.5 million in June. Other companies like Horizen Blockchain Games and SuperTree raised $5 million and $2.5 million respectively in the first quarter of the year.


However, CEO of Animoca, Yat Siu has said the $550 million mark is just the inception as it is quite small compared to the current worth of gaming which is a $150 billion industry. He said while speaking to cointelegraph – “Gaming today is a $150 million industry and $500 million invested today is still a small amount, given both the potential in games as well as, we belive, the most viable path to mass adoption of blockchain, we think this will only grow more significantly”.

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Japan’s FSA Commissioner advises to develop Digital currency

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One of the Japan’s high-ranked financial regulators, Ryozo Himino, advised the nation to develop a Central Bank Digital Currency according to Reuters report. The pandemic might make states of the world adopt digital currency economy. Himino noted that Japan should have a plan to create a digital currency first before worrying about challenges that a digital currency might encounter.

He stated that Japan should weigh the benefits and demerits of a digital currency issued by the government and make sure all essentials for building a CBDC are available when it’s time to develop one-


“in the end, Japan must think really hard about whether to issue CBDCs because there are merits and demerits in doing so”.


It was said that Coinfomania reported last year that research on digital currency has started in Japan. A group of researchers from Apex bank were said to have released a paper on the benefits and shortcomings of issuing a CBDC according to the report.


The commissioner stated that the country’s stance on making cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) illegal might backfire on technical innovation –


“Deregulating bitcoins and other cryptocurrencies may not necessarily promote technical innovation. If doing so simply increases speculative trading, we are not taking special steps to promote cryptocurrencies”.


The effect of the Covid-19 pandemic has seen to financial institutions globally finding solutions to ease the economic wreck. Research are being made also to cushion any economic problems that might arise in the future.


Himino has a track record of heading different notable financial organizations globally including the Basel Community on Banking Supervision and Japan’s Financial Service Agency. He is currently the Japan’s Financial Service Agency Commissioner. He was also the secretary-General of the Basel committee on Banking Supervision.

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FEATURED

Japan’s FSA Commissioner advises to develop Digital currency

Published

on


One of the Japan’s high-ranked financial regulators, Ryozo Himino, advised the nation to develop a Central Bank Digital Currency according to Reuters report. The pandemic might make states of the world adopt digital currency economy. Himino noted that Japan should have a plan to create a digital currency first before worrying about challenges that a digital currency might encounter.

He stated that Japan should weigh the benefits and demerits of a digital currency issued by the government and make sure all essentials for building a CBDC are available when it’s time to develop one-


“in the end, Japan must think really hard about whether to issue CBDCs because there are merits and demerits in doing so”.


It was said that Coinfomania reported last year that research on digital currency has started in Japan. A group of researchers from Apex bank were said to have released a paper on the benefits and shortcomings of issuing a CBDC according to the report.


The commissioner stated that the country’s stance on making cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) illegal might backfire on technical innovation –


“Deregulating bitcoins and other cryptocurrencies may not necessarily promote technical innovation. If doing so simply increases speculative trading, we are not taking special steps to promote cryptocurrencies”.


The effect of the Covid-19 pandemic has seen to financial institutions globally finding solutions to ease the economic wreck. Research are being made also to cushion any economic problems that might arise in the future.


Himino has a track record of heading different notable financial organizations globally including the Basel Community on Banking Supervision and Japan’s Financial Service Agency. He is currently the Japan’s Financial Service Agency Commissioner. He was also the secretary-General of the Basel committee on Banking Supervision.

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