BioCoin Whitepaper

Abstract

BioCoin, an international blockchain platform and BIO token, is a system of mutual
settlements, which allows to accelerate the pace of development and increase the
turnover of all businesses that have joined the platform. BIO is the first crypto
currency to integrate into the real economy, into the everyday life of people. The
basis for the distribution of biocoin in the domain of real economic activity is the
system of loyalty. This is the most important and central tool of biocoin.
The main objective of the platform is to unite socially responsible businesses that
support organic agriculture, local farms, responsible attitude to the environment,
contribute to the sustainable development of the planet in accordance with the
principles of a green economy. BioCoin supports and develops local communities,
farmers, producers and sellers of pure natural products through an international
loyalty system.

BioCoin is a living ecosystem. About 20 million biocoins are already in daily turnover.
How does BioCoin work?

Within the loyalty system, biocoins are accepted for payment by all participants of the
platform. Customers receive biocoins as a reward for the purchase of goods and
services. With these biocoins, customers and businesses can settle with each other or
pay for new goods and services. In addition, biocoins are already accepted for
payment in a number of businesses without the entry of business itself into the
loyalty network. And one more innovative component of biocoin is the opportunity to
pay with them in general anywhere with the help of a crypto-technological solution
that connects your wallet and MasterCard.

The most important feature of biocoin is the logic of its spread and the growth of
liquidity in the market. In addition to acquiring biocoins during the ICO or subsequent
purchase on exchanges, you can get BIO either as payment for goods and services,
or, more importantly, as a reward for the purchase of goods and services. Such a
“consumer mining” will promote sales growth among business participants of the
platform, because this is an opportunity to get biokoins for free. In turn, this leads to
the joining of new businesses in the platform and causes an increase in the turnover
of biocoins, so that the demand for biocoins on exchanges is growing, and the price
of biocoin is rising. And the higher the price, the higher the motivation of buyers to do
the “consumer mining” and spend their money. Thus, there is a constant increase in
the cost of biocoin, the growth of businesses and customers who use it.

That leads to an acceleration in the pace of business development, whose activities
are aimed at developing responsible attitude to the environment and green
economy.
In addition, our technological solution includes the possibility of creating mutual
assistance banks and to microcredit. Interconnected users of biocoin (friends,
neighbors, colleagues, partners, etc.) will be able to create small funds for lending to
each other. This will be another incentive for using biocoins and for accelerating
business processes within all organizations and communities using biocoin. The
international blockchain platform BioCoin and the BIO token is a system of mutual
settlements that integrates into the daily life of people. And makes the world better
every day.

BioCoin Website
BioCoin Whitepaper

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