CASH Token Specifications:
Asset Location: ID# | Initial Token Supply: 21 Million | Inflation rate: Event driven | Max Supply: Uncapped | Platform Specific: Bitswift Basic Income
- 1 What is CASH
- 2 Is CASH a Crypto-Currency
- 3 What backs CASH value
- 4 How is CASH created
- 5 How much CASH is in circulation
- 6 How can I obtain CASH
- 7 Is there a limit on how much CASH a user can generate on the BBI platform
- 8 Who determines the price of each CASH token
- 9 Are there costs associated with sending CASH
- 10 What can I do with CASH
What is CASH
CASH is a secure digital commodity token which exists through the Bitswift Basic Income Platform and on the Bitswift blockchain.
Is CASH a Crypto-Currency
CASH is a hybrid digital currency operating on and off chain. CASH is used off chain to allow fast and 0 fee transactions between users or devices, it may be exported to the Bitswift network where it is secured and traded with other digital assets.
What backs CASH value
CASH is backed only by community and their willingness to accept and use it for goods and services. CASH also inherits value through the fact that it may be secured on chain leaving the user in direct control of the security and access of their CASH.
How is CASH created
CASH is created through user activity on the Bitswift Basic Income platform. The inflation rate is directly tied to the amount of users and activity (stimulus) they are generating on the platform.
How much CASH is in circulation
The amount of CASH in circulation is dependant on the amount of users using the platform and the amount of activity they are generating. CASH statistics are transparent and viewable on the Bitswift blockchain here: coming soon. The max supply of CASH is uncapped, as additional activity and users participate and add value to the platform, additional CASH will exist.
How can I obtain CASH
You are gifted free CASH through the Bitswift Basic Income Platform. You can purchase CASH from any supporting digital currency exchange. CASH currently trades with Bitswift tokens on the Ardor platform.
Is there a limit on how much CASH a user can generate on the BBI platform
Unverified accounts can claim 10 CASH tokens per day. Verified users can claim up to 100 CASH tokens per day.
Who determines the price of each CASH token
Users who are collectively participating determine its free market value. The price is not set by any central company and is largely based on supply and demand concepts. CASH price is solely determined by the community using it.
Are there costs associated with sending CASH
Transactions within the BBI platform happen between users with 0 fee. Transactions which communicate externally (selling CASH for Bitswift token) require a network fee payable in Bitswift token. Securing CASH on the Bitswift blockchain currently costs a fee in Bitswift token.
What can I do with CASH
You can send it to friends and family. Save it until it is worth more. Spend your CASH on the decentralized marketplace, on the bitswift.shop, or at any merchant found in the Bitswift Merchant Directory here: coming soon