BEFORECOINMARKETCAP- AN INNOVATIVE PLATFORM FOR THE TRACKING AND AUDITING OF NEW AND EXISTING…

6 min readJan 18, 2021

BEFORECOINMARKETCAP- AN INNOVATIVE PLATFORM FOR THE TRACKING AND AUDITING OF NEW AND EXISTING TOKENS

Cryptocurrency has been a useful financial tool since it was introduced, it is regarded as a new form of digital asset that is based on a network that is distributed across many computers. It is important to understand that many cryptocurrencies are a decentralized network that is built on reliable blockchain technology.

The decentralized nature of a cryptocurrency allows it to exist outside the control of the government or central authority, thereby rendering it theoretically immune to government manipulation and interference. Cryptocurrency is usually secured by cryptography and this makes it difficult to counterfeit and double-spend.

Cryptocurrency is profitable, lucrative, and makes it easy to send and receive funds directly and globally without the need for a middleman. But despite all these, tracking of existing and newly created cryptocurrencies, finding when they will be listed and where they will be traded have become a big challenge to crypto enthusiasts and investors, but the good news is that BeforeCoinMarketCap has come to put an end to all these challenges.

BEFORECOINMARKETCAP- THE BEST AND EASIEST REWARDING PLATFORM BUILT FOR ALL

BeforeCoinMarketCap is an innovative, and one-stop platform that is specially designed for the tracking of initial placement of tokens, as well as the auditing of valid tokens that have small volumes. One of the aims of this great project is to build a secure, and renowned platform that has no analog in the crypto space where existing and newly created tokens will be easily tracked and audited.

The increasing number of cryptocurrencies in the market has made the tracking of these cryptocurrencies to become a strenuous task and time-consuming. As a result of this, crypto users find it difficult to know much about existing and newly created cryptocurrencies, especially when and which marketplace they will be listing. Not only that this affects people from maximizing their profits in cryptocurrency but it also hinders the growth of the cryptocurrency industry.

But with this powerful platform known as BeforeCoinMarketCap tracking of coins and existing tokens are now easy. It eliminates the long processes and time involved to track and audit any crypto-asset, thereby making it possible for crypto users to get all up-to-date information regarding their tokens, by simply adding their wallet address on the platform.

BeforeCoinMarketCap is a rewarding platform that allows users to earn more money just in a few clicks. That means once a verified user provides correct and valuable information of any token that is not included on the platform's database, as well as tokens whose status have been changed, the user will be handsomely rewarded for that, which will serve as an incentive to ensure that users maximize their profits all the time.

BEFORECOINMARKETCAP- A PLATFORM THAT UNIFIES CRYPTO ACTIVISTS, AND ENTHUSIASTS ON ONE PLATFORM

BeforeCoinMarketCap is a long-term project that is highly secured. Its goal is to bring solutions to the problems encountered during the tracking of tokens, like when will a token be listed, if listed which exchange is it trading, and which blockchain has it migrated to? These questions won’t be necessary again, because BeforeCoinMarketCap will bring all this information to the doorstep of its users.

CoinMarketCap and BeforeCoinMarketCap are two different platforms and should not be seen as the same or as competitors. Unlike CoinMarketCap which is focused on tracking tokens with large volumes, BeforeCoinMarketCap audits and tracks newly created tokens including existing tokens with low trading volumes to make sure that crypto investors and enthusiasts get the required information about these tokens with ease on their platform.

BeforeCoinMarketCap just as the name implies maintains a token or coin right from the time it is created to the time it enters the CoinMarketCap, and once this happens (CoinMarketCap starts displaying the token), BeforeCoinMarketCap stops to audit such token. The platform is useful and beneficial to all including traders, users, and investors.

Another interesting part of this amazing platform is that it is determined to unite all cryptocurrency activists, and enthusiasts everywhere on the planet just on one platform, allowing them to find out all the important information about several tokens in one platform or place. On the BeforeCoinMarketCap, everything is simplified, transparent, and easy, thereby saving people's time when tracking their tokens.

IMPORTANCE OF THE BEFORECOINMARKETCAP PLATFORM

The usefulness of this platform to crypto users, traders, and investors can never be overemphasized.

It makes it possible and easier for users to look at the knowledge of all relevant tokens in their wallets, curtailing the time spent searching and tracking tokens.
It allows users to submit announcements, which they’re going to be rewarded with the tokens of the platform’s ecosystem.
It offers users the chance to stake the tokens of their ecosystem, enabling them to earn more.
BeforeCoinMarketCap allows users to vote for the simplest project that is built on a specific blockchain network.
Furthermore, the platform is made in a way that it can be used to vote for people’s or project’s IEO (Initial Exchange Offering).

BEFORECOINMARKETCAP'S TOKEN

The native token of the BeforeCoinMarketCap ecosystem is known as BCMC1. It is an ERC-20 compatible token that is built on the powerful Ethereum blockchain network, which will be used to reward active users and project participants for their contributions.

The token has a total supply of 10,000,000,000 BCMC1 in circulation. Since the project is determined to enrich crypto investors and enthusiasts, the total token will be distributed accordingly. BCMC1 tokens will be used for the payment of digital and physical assets. On the platform, this token will be used for voting, staking, software development, etc.

CONCLUSION

BeforeCoinMarketCap is a top-notch platform that aims at helping crypto traders and investors to achieve their financial goals through cryptocurrency. Though it operates on the Ethereum blockchain currently, it plans to integrate other platforms such as TRON, XLM, EOS, etc.

Apart from tracking valid tokens with low trading volume, BeforeCoinMarketCap has come to enable crypto participants in the cryptocurrency world to save time and receive their duly and maximum reward for their positive impact and efforts towards the growth, and progress of any crypto-based project. With BeforeCoinMarketCap, the mass adoption of cryptocurrency is possible.