Here is the article that was referred to in the news yesterday for those interested
(Translated from cryptovod.ru)
Today I would like to talk about a very interesting token, to be more exact, a crypto currency of a company with real business. I will try to describe everything in simple words.
Biocoin crypto currency came to existence as a result of an ICO by a company called LavkaLavka. What kind of a company is that? This is a cooperative, or a society of farmers and consumers in other words that are brought together to interact directly excluding intermediaries that are there only to make money on resales. ICO or token sales are performed under the scrutiny by the government , though with the support of the government as far as the development of a legislative framework. That means the token is legal on the territory of the Russian Federation.
What we get as a result is a real company, not a start-up on papers, and an acknowledgement of the token by the state. It means that the whole thing is not going to just disappear in one moment, and the price of the token depends on the demand and the project’s team work.
What can we use Biocoins for?
1. Currently, biocoins are used for settlements of payments between the owners and companies that accept biocoins. The list of these companies is growing day by day which is a result of efficient work of the team. There are more than 50 companies that accept biocoins such as farms, stores that sells farmers products, famous equipment distributor MyHoreca (customers get biocoins as a reward for registering and then for each purchase), Eldoradio will accept biocoins as payments for the commercials, UAZ factory is also on that list. As we can see, the list is rather long, so companies are recognizing crypto currencies.
2. The second direction where we can use this coin is the clients’ loyalty systems, which would award coins for completed purchases from partners that joined the network.
3. As we can see, this is not just a speculative coin but a real coin that can be used to pay for products and services.
Where and how to buy BioCoin.
The first option to purchase coins is through the ICO that is being held now until February 18, 2018. How to buy biocoins on the site:
1. Go to
https://biocoin.bio/en/invest2. Fill in a simple form: number of coins you want to purchase, e-mail, payment method (with crypto currency, electronic money or bank card) and indicate your wallet number that you need to create beforehand (info on how to set up your wallet is detailed later in the article).
3. Accept the conditions and pay and then wait for biocoins to be credited to your account.
Second option is to purchase these coins through a currency exchange, for example, LiveCoin exchange.
And option number three is to start accepting biocoins as payments for your products and services.
Where to keep BioCoin crypto currency and which wallet to choose.
In reality, everything depends on the ways you are going to be using the coins for. If you just want to hold on to your coins and wait for their growth, then it is better to have your wallet on the desktop computer. If you are planning to trade the coins, then it is better to have the wallet on the exchange. If you want to pay for products and services, then obviously a mobile phone would be the place to set your wallet. A full list of options could be found here:
https://wallet.biocoin.help/en/To summarize we can say that this is a very interesting project, and in my opinion, it has great potential and after the ICO the coins will grow in price. This is a practice for any coin that has real team and activity. So, I have purchased some coins myself, and recommend you to take a look at it and think for yourself.
