[ANN][Pre-ICO] Bitney - A Commodity-powered Blockchain Gameverse

[jatinkapadia]

BITNEY

Crypto Game Rewards Powered by Real Honey Farms. Play and earn game rewards with real world value!

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About Bitney
Bitney is built off an established, revenue generating honey business. Profits from honey sales are used to purchase Bitney tokens from exchanges. From this buyback, 20% of the tokens are burned, and 80% is redeposited into the Beeznix Game Rewards Bank. This cycle safeguards Bitney’s value.


Problems & Solutions

1)
Problem:An increasing global demand for honey and insufficient supply of raw honey.

Solution:Profits generated from a mobile game accelerates expansion of honey farms. A global outreach program will help educate farm owners and optimize hives and maximize honey outputs. Provenance of honey generated from project Beeznix can be tracked using a decentralized ledger to prevent bootlegging.

2)
Problem: Many cryptocurrencies are at risk of eventual devaluation from lack of a sustainable revenue model.

Solution: Bitney is built off an established, revenue generating honey business.Profits from honey sales are used to purchase Bitney tokens from exchanges. From this buyback, 20% of the tokens are burned, and 80% is redeposited into the Beeznix Game Rewards Bank. This cycle safeguards Bitney’s value.

3)
Problem: Limited playability and portability of game skins.

Solution: Bluepz utilizes the ERC720 token standard to create crypto game assets such as skins, gold and accessories that are transferrable between players, combinable with other game assets and usable across multiple games / game modes. Bluepz can also be sold for Bitney at our community market.

4)
Problem: Undisclosed drop rates and proof of provenance for purchasable digital assets.

Solution: Using a viewable algorithm that always generates a randomized drop rate, our drops for ‘mystery’ assets are provably
fair. Bluepz are recorded on a decentralized registry, and asset ownership trails can be viewed via the block explorer.

5)
Problem: Lack of digital assets that can act as collateral for peer-to-peer microfinancing

Solution: Ruled by market demand and scarcity, each Bluep holds its own price and can act as a digital collateral for loans between players. Lenders choose to offer loans based on their perceived valuation of the offered collateral and decides on interest rates. Smart contracts execute terms for the movement of funds and the escrow of the collateral.

6)
Problem: Players spend time, effort and money on games, but get no real-world rewards

Solution: The Beeznix game lets players earn Bitney rewards for playing and amassing in-game resources. Players can exchange Bitney for major cryptocurrencies at exchanges listing Bitney. The Beeznix Rewards Bank is funded by actual honey sales profits.

7)
Problem: Gas fees and transaction times make ERC721 gaming directly on Ethereum unfeasible.

Solution: Beeznix operates on a sidechain, where the player’s preauthorized game wallet is subject to the game’s smart contract rules, allowing fast and free movement of ERC721 game assets and autonomous changes of ownership. This opens up a whole world of possibilities for development of more intricate gameplays involving non-fungible token assets (NFTs).

Token Sale
Details:
There will be a total of 1,000,000,000 BTNYtokens.

Distribution
50% ICO
10% Marketing
4% Community Service Reserve
15% Strategic Partnerships
20% Company Reserve

Allocation of ICO Budget
40% Partnerships with Bee Farm
30% Marketing
2% Game Rewards Bank
10% Contingency Fund
18% Game Developments & Operations

Do join our telegram or post below if you have further questions to interact with the team and the community!
Join here: https://t.me/bitneyofficial

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