Hotbit Exchange, a global crypto trading platform, officially listed BRBC (BRB Cash) on March 9, 2023, and the BRBC/USDT trading pair is now available for trading for all users of Hotbit Exchange.
BRBC (BRB Cash) has introduced a way to make transactions on the web3 marketplace easier, seamless, and simplified, with the aim of enhancing the simplified purchasing experience. To increase its global presence and provide a secure and reliable platform for the exchange of goods and services using cryptocurrency, the native token of BRB Cash, BRBC, was listed on Hotbit Exchange on March 9, 2023, at 02:00 AM UTC.
The BRB WEB3 marketplace enables the purchase of both digital and physical products, customized to user’s preferences, and delivered directly to them. While the platform will include an NFT marketplace, it will not be the primary focus but one of many departments. BRB seeks to simplify the purchasing process by accepting various cryptocurrencies and fiat, with the BRBC Utility Token as the center of all transactions. For fiat users, the BRB Utility Token will seamlessly bridge the gap between fiat and cryptocurrencies.
Users who already possess cryptocurrencies such as BTC, ETH, and BRB will be able to use their wallets directly on the WEB3 marketplace to purchase products and services. Multiple BRB utilities will be developed and integrated into the market to enable this. BRB will sell products directly from its warehouses and allow vendors to sell products through the WEB3 marketplace after undergoing the appropriate KYC business agreement process and complying with local and federal guidelines and laws.
The NFT marketplace will offer traditional NFTs like OpenSea, as well as Music and Video NFTs. BRB members will receive a 3D scan NFT of the purchased physical product for all eligible products, which can be stored in the “BRB Vault” or brought into the metaverse. Some NFTs will offer utility, providing unique benefits to their owners within the BRB ecosystem.
About BRB Cash Token
The BRBC Cash Token will have utilities between all transactional exchanges, swaps, and bridges and will have multiple functions including a reward function which will provide BRB Cash back to the purchaser of all eligible products. This reward can then be applied towards all future products purchased which will reduce the cost of that purchase.
The BRB Cash token will also act as a governance token for all token holders on the blockchain. It will provide holders a mechanism to have input on future aspects or changes proposed, which will be called for a community vote.
BRBC has a total token supply of 1 billion tokens, with 32.3% allocated to the team and 67.7% allocated to the community. The community distribution will consist of 67.7 million tokens, which will be distributed through private placement and rewards.
The team distribution will include 323 million tokens, with 19.6% of the funds being disbursed to team members on the first day of the project exchange listing. These funds will be locked for a period of 6 months. Additionally, 6.4% of the team distribution funds are allocated as monthly payments to team members for their contributions to the BRB project.
A final 6.0% of the team distribution funds will be reserved as a “bonus” for core team members at specific milestones, including the 6th, 12th, 18th, and 24th-month marks.
The BRBC token is now available for trading on Hotbit Exchange starting at 04:00 AM UTC on March 9, 2023. Investors can easily buy and sell the token in relation to the BRB Project. The listing on Hotbit Exchange will aid in expanding the project’s reach and increasing market attention.
Founded in 2018 and holding an Estonian MTR license, American MSB license, Australian AUSTRAC license, and Canadian MSB license, Hotbit cryptocurrency exchange is known as a leading trading platform that continues to develop and integrate various forms of businesses such as spot trading, financial derivatives, cryptocurrency investment and DAPP into one platform. Currently, Hotbit has already gained over 8 Million registered users from more than 210 countries and regions. Based on its globalized and unified strategies, Hotbit continues to focus on the world’s emerging markets such as Russia, Turkey, and Southeast Asia markets and was ranked one of the top 3 most welcomed exchanges by Russian media in 2019. Hotbit is constantly introducing and listing high-quality crypto projects so that its users can directly trade, manage, track, and analyze cryptocurrencies, making the entire experience easier for ordinary people.
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BRBC Website: https://brbinc.us