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Market price to 1st November 2020
The Bankcoin Reserve (BCR) was instituted to provide the Bankcoin community with security and a stable price & mechanism (gold oz price). The Bankcoin Reserve has 1M Bankcoin (USD $1,779,000,000.00) as a security position should any issues arise throughout the Bankcoin network. The Bankcoin Reserve is a self-regulated Reserve and complies with all national and international regulations.
Bankcoin Price: Bankcoin Reserve (BCR). Fixing levels are set per Bankcoin. The Bankcoin Reserve sets the price for Bankcoin which is globally considered as the international standard for pricing of Bankcoin. The Bankcoin price is set the 1st of every month as the highest price of 1 troy ounce of Gold, currently ‘Fixed’ at $1,779; and will never go below that ‘Fixed’ place. That price is announced as the 'Fixed' price for Bankcoin and all business is conducted on the basis of that price. We look forward to working with governments, policymakers, regulators including those in the financial sector to develop, implement, improve and strengthen the regulatory framework surrounding Bankcoin.
All 100M Bankcoin were mined in 10 days, 14th May 2014 to 24th May 2014. Therefore, 100M Bankcoin are now in the marketplace, however major stakeholders have advised the BCR they will be using their Bankcoin purely for mining purposes. What this means is there will be a limited number of Bankcoin actually in the marketplace to acquire, and this may be expected to diminish over time as more and more investors acquire Bankcoin for the specific purpose to mine which eventually exceeds also their transaction fees.
Bankcoin is a POS coin meaning it can mine the transaction fees throughout the network. The developer has stated it will produce up to 10% per annum. This process is commonly known as “Mining”.
With the majority of Bankcoin being held for investment purposes, and decreased amount of Bankcoin available in the marketplace, the price of Bankcoin may increase subject to market trends. Should the price of Gold increase, the valuation of Bankcoin would also reach that new high (every 30 days). If there is a decrease, the price of Bankcoin would remain at the newly ‘Fixed’ high. The minimum established price means that it will never go below USD $1,779 per coin (per 11th of July /2020). That stop-loss provides stability and ensures against the volatility associated with differing digital currency fluctuations.
Bankcoin is now moving to establish a singular Digital Coin Exchange to further the position of exclusivity, the market for Bankcoin will be enhanced and supported under the conservative guidelines established by Bankcoin Reserve at the onset.