An overview of BugsCoin prospects: Korean well-known host Inbum created, backed by simulation investment platform AntTalk

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远山洞见2024/12/12 07:09

By:远山洞见

I. Project introduction

BugsCoin is a community built on transparency and trust, aiming to use the core principles of blockchain technology to promote the development of Decentralized Autonomous Organization (DAO). The project strives to create a fair and reliable digital ecosystem for users through transparent operations and user-centered governance. BugsCoin's goal is to go beyond traditional reward systems, establish a community centered on customer engagement, and further promote the widespread application of digital assets.

BugsCoin will break the traditional point system dominated by platform operators by providing a reward mechanism based on user activities and contributions, truly achieving a user-led economic ecosystem. Unlike traditional platforms, BugsCoin gives users more power to play a leading role in the platform's development and economic growth, thus creating a more dynamic and long-term sustainable digital asset system.

As a digital asset in the Web3 era, BugsCoin's vision is to become an important member of the global digital asset ecosystem. It will first be launched on the AntTalk platform and plans to gradually expand its usage scenarios through connections with multiple digital platforms. BugsCoin hopes to break through the limitations of platform-exclusive assets and become a multi-purpose digital asset with global trust and widespread use.

An overview of BugsCoin prospects: Korean well-known host Inbum created, backed by simulation investment platform AntTalk image 0

II. Project highlights

1. Decentralized governance (DAO)

BugsCoin is committed to gradually developing into a Decentralized Autonomous Organization (DAO) through transparent and open operation. This governance model allows community members to directly participate in the platform's decision-making and development, no longer dominated by a single operator, ensuring that the platform's development is more democratic and fair.

2. User-led economic ecosystem

Unlike traditional point reward mechanisms, BugsCoin builds the platform's core economic system on user contributions and participation. Users receive rewards through activities, contributions, and interactions within the platform, thereby promoting the growth and prosperity of the entire ecosystem. This "user-centered" design can stimulate higher customer engagement and loyalty, forming an active and sustainable economic environment.

3. Strong community support and user base

BugsCoin is backed by the AntTalk platform, which has over 70,000 active members. AntTalk itself is a virtual asset investment simulation platform that has accumulated a large user base and a strong community active level. With the support of this platform, BugsCoin can quickly gain user recognition and expand its influence in the market.

4. The extensive influence of founder Inbum

The founder of the project, Inbum, is a well-known Korean webcast host who has gained a large number of fans worldwide due to his experience in gaming, stock and futures trading. His YouTube channel "InbumTV" has over 520,000 subscribers, providing in-depth analysis and investment advice for domestic and international future markets. Inbum's extensive influence provides strong brand endorsement for BugsCoin and will contribute to the long-term development and community building of the project.

III. Market value expectations

BugsCoin (BGSC) is a blockchain-based Decentralized Autonomous Organization (DAO) project that aims to provide strong support for the digital asset ecosystem in the Web3 era through innovative reward mechanisms and user-centered governance models. The current unit price of BGSC is $0.0028, and the circulating market value is about $278 million.

In order to evaluate the market potential of BugsCoin (BGSC), we compared it with other projects with similar characteristics, especially three representative projects: Unite ($TAKI), Sleepless AI ($AI), and UXLINK ($UXLINK).

Benchmark project:

1. Layer3 for the gaming market: United ($TAKI)

Unit price: 0.00196 USD

Market capitalization: 2.2955 million USD

Fully diluted market cap: $5.8846 million

Circulation: 1.171 billion TAKI

Total Supply: 3 billion TAKI

2. Other significant AI games: Sleepless AI ($AI)

Unit price: 0.745 USD

Market capitalization: 187 million USD

Fully diluted market cap: $745 million

Circulation: 250 million AI

Total supply: 1 billion pieces AI

Web3 social system: UXLINK ($UXLINK)

Unit price: 0.59373 USD

Market capitalization: 101 million USD

Fully diluted market cap: $594 million

Circulation: 170 million UXLINK

Total supply: 1 billion UXLINK

Market value comparison with expectations

1. Benchmarking United ($TAKI)

If $BGSC reaches the circulating market value of Unite (2.2955 million USD), the unit price of $BGSC will be adjusted to 0.00023 USD.

2. Benchmarking Sleepless AI ($AI)

If $BGSC reaches the circulating market value of Sleepless AI (187 million USD), the unit price of $BGSC will be adjusted to 0.00187 USD.

3. Benchmarking UXLINK ($UXLINK)

If $BGSC reaches the circulating market value of UXLINK (101 million USD), the unit price of $BGSC will increase to 0.00601 USD.

BugsCoin ($BGSC) Token Economics

Total Tokens: 100 billion BGSC

Token distribution:

Community Rewards: 56%

Used to reward platform users' contributions and activities, support ecological activities such as customer engagement simulation investment and community interaction.

Reserve: 20%

Support the long-term development and emergency reserves of the platform for ecological expansion and system stability maintenance.

Marketing and Partnerships: 9%

Used for platform brand promotion, marketing, and partner programs, using a linear unlocking method, unlocking begins after 6 months of locking.

Seed Rounds: 10%

Including Seed Round 1 and Seed Round 2, each accounting for 5%. Seed Round 1 is unlocked before the project launch, and Seed Round 2 is unlocked three months after the CEX launch, supporting the early and mid-term development needs of the project.

Team and Operational Costs: 5%

Motivate core team members, adopt a 6-year linear unlocking method, and release them in batches every month after locking for 3 months.

Token usage:

Community rewards: Users earn BGSC by participating in simulated investment competitions, contributing community content, and other activities to improve the active level of the platform ecosystem.

Platform Governance: BGSC holders can participate in Platform Governance voting to decide key issues such as platform feature development and community reward strategies.

Application Payment: BGSC can be used for transactions and payments within the platform, such as purchasing strategic props for simulated investment competitions or exchanging goods and services.

Value maintenance: Implement token burning mechanism to reduce market circulation supply and increase the scarcity and value of tokens in the long term.

Ecological expansion: Through cross-platform integration, BGSC will support more application scenarios and become a multi-functional digital asset.

V. Product Use Cases

1. User incentive and reward system

On the BugsCoin platform, users can earn BugsCoin token rewards by participating in various activities such as investment simulation, community interaction, content creation, etc. For example, users can earn BugsCoin by simulating virtual asset investment on the AntTalk platform and earning high returns, or by contributing valuable content and participating in platform governance voting. These rewards can be used to exchange for other services within the platform or participate in more community activities.

2. Decentralized voting and governance

BugsCoin provides a decentralized voting mechanism for community members. Users can use their BugsCoin tokens to participate in voting on major platform decisions, such as platform rule modifications, project investment choices, or the introduction of new platform features. In this way, users are not only users of the platform, but also participants in Platform Governance, and can truly influence the direction and development of the platform.

3. Cross-platform asset flow

A key use case for BugsCoin is cross-platform asset flow and application. BugsCoin is not limited to the use of the AntTalk platform, but will also support cross-platform token exchange and value transfer through connections with other digital platforms. For example, BugsCoin obtained by users on AntTalk can be used to purchase virtual assets on other platforms, participate in investments on other digital platforms, or exchange for other cryptocurrencies. This cross-platform usage scenario enhances the liquidity and application scenarios of BugsCoin.

4. Community rewards and incentive programs

In order to promote the continuous growth and customer engagement of the platform, BugsCoin will launch a community reward program. For example, users can invite new users to join and be active in the community by participating in the platform's Recommender system, and receive a certain amount of BugsCoin as a reward. In addition, the platform will set up periodic activities and challenges, and the results obtained by users in the activities will determine the rewards and rankings they receive, further enhancing their active level and sense of belonging.

5. Education and training platform

BugsCoin plans to create an educational platform for virtual asset investment and blockchain technology, helping users learn how to better invest, manage virtual assets, and understand the basic concepts of Web3 and decentralized finance (DeFi). Users can receive corresponding BugsCoins as rewards by completing educational courses, participating in online discussions, and practicing simulations. This not only enhances users' knowledge level, but also further enhances the long-term stickiness of the platform.

VI. Risk Warning

1. BugsCoin rewards users through user contributions and activities. This reward mechanism may attract a large number of customer engagements in the early stage, but if the reward system does not have enough long-term value support, it may lead to the decline of participants' enthusiasm and even "speculative" participation, ultimately affecting the long-term healthy development of the ecosystem.

2. BugsCoin plans to launch on the AntTalk platform first. If the AntTalk platform faces technical, market or compliance issues, the promotion and application of BugsCoin may be greatly limited. If BugsCoin relies too much on the ecosystem of a certain platform, it may face problems such as platform integration failure and shrinking market share.

VII. Official links

Website：https://www.bugscoin.com/

Twitter： https://x.com/bugscoin_bgsc

Telegram：https://t.me/+mdd1gKCvyIw1OWNl

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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