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Key Components of Bankcoin

SourceBlog
#1
The Bankcoin Reserve White paper 


The purpose of Bankcoin is to establish a new digital product for use through governments, institutions and consumers.  

Bankcoin provides a system to totally revolutionize finance as we know it as a derivative safe haven for many sectors of finance such as assets, commodities and/or property meaning real estate. Due to the built-in stability of Bankcoin and being the first digital commodity to be pegged to the price of gold, it has the ability to safe guard the risk to investment portfolios susceptible to dips in the market.

Bankcoin was launched on May 14, 2014 via a Proof of Work algorithm that mined the initial 100,000,000 million Bankcoins.

Through Patent protected Proof of Stake secondary mining Bankcoin is the only patented digital asset to do secondary mining at a rate of up to 10% per annum.

Bankcoin holds 8 other Patents for various financial processes.

Bankcoin pricing is set by Bankcoin Reserve based on the latest high price gold reaches.  The last move of a gold high was in June of 2019 when it reached $1,439.00 and set the floor price of Bankcoin.  It is important to note, it is the floor price and cannot fall below that price.  The next event that makes gold climb above $1,439.00 per troy ounce will cause Bankcoin to adjust price to match that new high.

Each secondary Bankcoin Mine is provided to those who obtain Bankcoin and it mines additional coin each year up to 10% more coin per annum.  This is a built in mechanism to assure Bankcoin to be the very first “Stable Coin” to enter the market.  By being a stable product, anyone holding Bankcoin in their Mining Wallet is always in profit with no loss potential.
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