updated 38 seconds ago
Data source: CoinMarketCap
Bitcoin Interest (BCI) to Nectar Token (NEC) Conversion Table
About Bitcoin Interest
Bitcoin Interest ("BCI") is a competitive staking cryptocurrency focusing on three key areas Technology, Community, and Savings. Our blockchain has new integrated savings technology that allows our users to safely park their coins and earn interest payments without ever moving coins from their wallets. We figured out a new way to generate interest payments to reward our users through what we call "Enhanced Proof of Work" using the Equihash algorithm. Every time a miner solves a block in the Bitcoin Interest network, they are rewarded 12.42 BCI coins while an additional 1.08 BCI is generated from the block and sent to the "Interest Pool." Once the active Weekly or Monthly interest round has finished, the Interest Pool is distributed evenly to all of the users participating in the current interest round. If 5,000 blocks were solved last month, then the Interest Pool would contain ~5,000 BCI coins that would be distributed to the participating users at the end of the Monthly interest cycle. Miners are rewarded for stabilizing the network while users are rewarded for creating a less volatile market by saving their coins. It's a win, win situation for everyone.