Tuesday, March 28

Spanish ‘crypto’ fund Belobaba launches new token and series of NFTs

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Belobaba announced this Thursday the launch of the new token BITBCN. The spanish crypto assets fund born in October of last year has accompanied this movement with a collection of tokens non-expendable (NFT) based on the historical Genghis Khan, founder of the Mongol Empire.

This launch has been produced jointly with the academic institution specialized in cryptocurrencies Blockchain Institute & Technology. The objective of the initiative, according to its promoters, is to promote access to better yields through a autonomous and decentralized organization (DAO, for its acronym in English) and a platform (launchpad) own participation in new projects.

BITBCN and the limited collection of NFTs are made up of different levels of participation, where each member will be part of a DAO. Thus, depending on their level, their holders “will obtain returns associated with that layer or access to exclusive benefits through the purchase of the limited series of NFT, which will grant voice rights to its owner on the structuring of groups and pools of investment”, explain its promoters.

Other details

The new ones tokens BITBCN are minted on the blockchain of Binance, the Binance Smart Chain (BSC). It is one of the cryptocurrency ecosystems with the most participants and liquidity in the market. These digital currencies can be managed through an electronic wallet of Metamask.

Although the launch of the project took place this Thursday, Belobaba has reported that its premiere presentation was held on January 4 in Minsk, the Belarusian capital. The objective of this initiative was, according to those responsible, “to open the door to investments in crypto assets and blockchain a 350 million Russian speakers“.