BMTOKEN - Revolutionizing Consumer Loyalty & Reward Solution into Blockchain

WHAT IS BMTOKEN?

BeepMagnet Token ( BMToken) is a utility token that represents a true digital Token on the following Blockchain: Ethereum, Tron, and Binance Smart Chain designed to be adopted through a decentralized medium based on spending power that a consumer spends across merchants. When You think of a consumer loyalty token supported by 11 use cases, BMToken is designed to fill this Gap.

RELATIONSHIP BETWEEN BMCTOKEN AND BMT?

BMCT is a coin that ran on a private blockchain at the inception of the project, her Token Economics was SWAPPED into a Public blockchain to allow for scalability and integration. Beepmagnet Token ( BMToken) is now supported on: Ethereum, Binance, Tron, and BANTU.

HOW DOES THE BMTOKEN TRANSACTION WORK?

From an end-user side, using BMToken is extremely simple. It can be based on software on your computer or an application on your mobile device. You use the software to send or receive BMT to and from your wallet. This wallet has a unique encrypted set of numbers and letters which is linked only to your software and no one else’s. Users can send tokens to your wallet and you can send tokens to other wallets depending on the Blockchain and the wallet. You can't send ERC20 Token to TRC20 on Tron or BEP20 to BANTU blockchain. When using a mobile device, you will often see the use of QR codes which make the process of paying BMT to another user on the same Blockchain network possible.

All you need to do is scan the QR code and verify the amount of BMT you wish to transfer. At the heart of the blockchain network, these transactions are somewhat more complex. Every transaction is publicly shared on: (Binance, Ethereum, Tron, and Bantu blockchain network) This ledger contains every single transaction ever made, which gives complete transparency for each transaction and allows any computer on the network to verify its validity.

A digital signature is linked to each transaction, which corresponds with the sending address. This is done to give authenticity to each transaction and permit all users full control over all BMTokens which they can send from their BMToken address.

WHY SHOULD YOU TRUST BMT?

It is easy to put your trust in a piece of software that has deliberately been designed in an open-source environment. All code related to BMToken and how it operates can be viewed by anyone at any time, and every transaction can be verified by anyone at any time. This is exactly why it is so easy to put trust in BMToken.
If there are no hidden doors or any doors at all for that matter, then there is nothing to hide. If at any point you feel that something is wrong with the BMToken code you can easily look it up and check for potential flaws. The same can be said about each transaction. If at any given moment you feel a transaction was made erroneously, you can easily check its validity on the blockchain.

There is no third-party reliance, and everything is handled by the blockchain network. It’s all out in the open The community of users controls all aspects of BMToken and the direction that it is headed; no corporation, business, or government has influence over BMToken. There are a few financial crimes that BMToken is actively combating without many people even realizing it. For example, a simple and yet overlooked fact is that BMTokens can’t be counterfeited. Think about the thousands of counterfeit bills that are currently in circulation among the USD? It is estimated that more than $200 million of all money circulating in the United States is counterfeit. This would not be an issue if the token in use was BMT. Another good example is the inability to make fraudulent charges. Think about all the times you had to call your bank about that random small transaction you saw on your statement? With BMToken, these transactions wouldn’t exist because the user is in full control of all Token entering and leaving their wallet. The way that BMToken is designed makes it the perfect token to use for all transactions.

There are some people who think that because BMToken transactions are irreversible it will inevitably create an influx of scamming and con artist-like crimes, and we all remember the prince in Africa chain mail. The reality is that these crimes hit any currency. Cash transactions which are scams occur daily, and the same can be said for wire transfers. BMToken is an excellent token system. As we mentioned earlier, BMToken will be subject to the same regulations which are being used by financial institutions to counteract these types of crimes, and in no way will BMToken ever prevent criminal investigations of these crimes. These types of controversial conversations and scrutiny are to be expected with a breakthrough invention such as BMToken. Even writing paper was disliked by many when it was initially used in place of chalk slates.

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