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Author Topic: Crypto rewards that make you rethink spending  (Read 177 times)
VicManton (OP)
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April 25, 2024, 11:02:16 AM
 #1

I've been around the crypto block a few times, but BlackCardCoin setup has me intrigued. They're going for a whole different angle –  making crypto as spendable as cash. We're talking a dedicated crypto card with worldwide use, cashback rewards in crypto, and the ability to stake their coin for fee-free perks. It's like they want to bridge that gap between our crypto holdings and real-world spending.

The concept is undeniably cool, and honestly, kind of overdue. But the fact you need to hold $BCCoin to even get the card has me raising an eyebrow. Plus, all those rewards... I'm always a bit skeptical about long-term sustainability. Anyone else digging into this? Is BlackCardCoin the real deal or just another flashy promise although I have seen them dishing out the token on some exchanges already.
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April 25, 2024, 11:07:45 AM
 #2

I’m using crypto.com cards before that offer same benefits and token mechanism for their crypto cards. They even have free subscription on netflix, spotify and other subscription app that you can get if you avail their crypto cards by staking required amount of coins per tier. The higher the token you stake means the higher the rebate you can get and more subscription you can get.

This kind of perks on crypto cards is not new. You probably just saw this project that’s why you are amazed but there’s a lot of crypto cards that already exists with same function and perks that you mention. There’s nothing new here.

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April 25, 2024, 01:07:00 PM
 #3

They are promising a lot of profits, 13% Instant Starter CashBack, 10% on all Referrals, Simple KYC, 1000x Gateway! to buy $BCCoin, but I did not find any legal data about the company. They claim that it is a company registered in the United Kingdom with this data:


Code:
CRYPTO MARKETING LTD
128, City Road, London, ECIV 2NX. UK.
Company Number: 15571337

I searched for them and did not find registration data https://find-and-update.company-information.service.gov.uk/company/09094616/filing-history
It is best not to complete KYC with this service as it may be a scam.

えいごをはなせますか。
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April 25, 2024, 02:25:09 PM
 #4

Is BlackCardCoin the real deal or just another flashy promise although I have seen them dishing out the token on some exchanges already.

It doesn't look like just a promise, they already have clear fundamentals of the offer they are making, it's just that things like this are nothing new in crypto (same opinion as @Coin_trader). The price of BlackCardCoin (BCCOIN) is currently trading at around $14.9, which is very low considering the circulating supply and staked tokens.

It's quite surprising that a newly launched project like BlackCardCoin (BCCOIN) is already listed on various mid-level exchanges (Gate.io, MEXC, Bitget & BingX). At the moment, for me, it's quite dangerous to entry in this token, because it's still unclear what chart transitions might occur in the future.

R


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Mate2237
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April 25, 2024, 03:13:21 PM
Last edit: April 27, 2024, 08:33:20 AM by Mate2237
 #5

If bitcoin has failed as cash payment then I don't think there is any other coin or project that can do that because even the users of the coin will not have that interest to use it as a payment option or method but instead they will prefer to use investment and not as a cash for method. The outlook of the project is not nice from the platform home page.  Though the price of the coin is good as a new project $15.11. but I don't think it will be a cash payment for Goods and Services.

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April 25, 2024, 06:23:56 PM
 #6

So basically, you're investing is because
- Crypto can be spend like currency
- Getting a reward
- And they have a card like (VISA) or other

These is most common feature, and right now mostly some (Apps) crypto already have these kind of feature. It's not ned, and other crypto can be used as well as transaction just need to be integrated and partnership with wallet provider.

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April 25, 2024, 06:46:40 PM
 #7


holding the BCCoin is the worse that could happen because by the time comes, its price will be 100x low for a long time. yup you can have the benefit of using those cards, not sure what the worth of their rewards but the tokens you hold will keep declining until you get tired and sell them. 2y ears will be long enough while the bear market will be longer and longer.

the card looks good to brag though.  BCCoin is worth $15?

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April 25, 2024, 08:13:11 PM
 #8

I’m using crypto.com cards before that offer same benefits and token mechanism for their crypto cards. They even have free subscription on netflix, spotify and other subscription app that you can get if you avail their crypto cards by staking required amount of coins per tier. The higher the token you stake means the higher the rebate you can get and more subscription you can get.

This kind of perks on crypto cards is not new. You probably just saw this project that’s why you are amazed but there’s a lot of crypto cards that already exists with same function and perks that you mention. There’s nothing new here.

Haven't really used crypto cards, but I've been using Dollar cards like klasha and chipper, but what you and OP is saying is very inviting, guess I'll consider using those. Already checked the price trend and it's decent actually. Trading around $15
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April 25, 2024, 10:35:31 PM
 #9

I've been around the crypto block a few times, but BlackCardCoin setup has me intrigued. They're going for a whole different angle –  making crypto as spendable as cash. We're talking a dedicated crypto card with worldwide use, cashback rewards in crypto, and the ability to stake their coin for fee-free perks. It's like they want to bridge that gap between our crypto holdings and real-world spending.

The concept is undeniably cool, and honestly, kind of overdue. But the fact you need to hold $BCCoin to even get the card has me raising an eyebrow. Plus, all those rewards... I'm always a bit skeptical about long-term sustainability. Anyone else digging into this? Is BlackCardCoin the real deal or just another flashy promise although I have seen them dishing out the token on some exchanges already.

For me and probably anyone in the US the way the tax laws are now it's just not worth being able to spend crypto that quickly.  Every single time ypu spend crypto it is like basically converting it into fiat triggering a tax event.  I don't think I want to do taxes everytime I go out and get a coffee.  It's rediculous and will likely change in the future otherwise it will just be used for storing and large purchases.  I always said the tax laws is what's going to get the US left behind.  Crypto companies will just move to a new jurisdiction with better laws surrounding crypto.
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April 26, 2024, 09:24:47 AM
 #10

It's quite surprising that a newly launched project like BlackCardCoin (BCCOIN) is already listed on various mid-level exchanges (Gate.io, MEXC, Bitget & BingX). At the moment, for me, it's quite dangerous to entry in this token, because it's still unclear what chart transitions might occur in the future.
The domain's lifespan is 50 days, and it is true that the token has been listed on some exchange, but trading volumes are still very low. In total, only have 10 million. entire project focuses on $BCCoin instead of building solutions for Bitcoin payments and the cashback amount confirms that it is a scam.

えいごをはなせますか。
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April 26, 2024, 12:59:31 PM
 #11

The concept is undeniably cool, and honestly, kind of overdue. But the fact you need to hold $BCCoin to even get the card has me raising an eyebrow.
To be honest it just seems fair to me since it is their project after all but I am afraid this is not gonna help them in fact this might drive people away more.

Quote
Plus, all those rewards... I'm always a bit skeptical about long-term sustainability.

A lot of projects bring out promises of benefits and rewards and people are often blinded by this but we need to realize if it seems realistic or not because at the end of the day they still need money and if giving out too much benefits will not give them that money then you are better off not buying this coin

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April 26, 2024, 02:12:51 PM
 #12

If bitcoin has failed the us for the use of cash payment then I don't think there is any other coin or project that can do that because even the users of the coin will not have that interest to use it as a payment option or method but instead they will prefer to use investment and not as a cash for method. The outlook of the project is not nice from the platform home page.  Though the price of the coin is good as a new project $15.11. but I don't think it will be a cash payment for Goods and Services.

I have similar thoughts and I am not sure how will they manage it on a longer run and once there is a bear market or let's say rapid changes in the price of the crypto so who will be taking the losses or profit ? how will they cover the deficit? Not sure if we could ever use crypto as payment at larger scale for goods and services due to it's volatile nature. Do they operate like once you trigger the payment it converts it into Stable coin on backend and then processes the transaction?

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April 26, 2024, 07:04:25 PM
 #13

It's quite surprising that a newly launched project like BlackCardCoin (BCCOIN) is already listed on various mid-level exchanges (Gate.io, MEXC, Bitget & BingX). At the moment, for me, it's quite dangerous to entry in this token, because it's still unclear what chart transitions might occur in the future.
The domain's lifespan is 50 days, and it is true that the token has been listed on some exchange, but trading volumes are still very low. In total, only have 10 million. entire project focuses on $BCCoin instead of building solutions for Bitcoin payments and the cashback amount confirms that it is a scam.

Don't immediately judge without concrete evidence, if initially Ethereum had received a lot of feedback as you said, we would not have seen Ethereum (ETH) become as big as it is today. Mid-level exchanges have their own qualifications to list a token, when it comes to Gate.io & Bitget, I think this project is worth considering, it's just that the idea they put forward is not fresh & not a game changer.

BTW, 2 days ago the price was still at almost $15, and now? have you seen it Cheesy

R


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April 26, 2024, 07:11:29 PM
 #14

This is an interesting idea but very difficult to realize, even impossible because fiat currencies and cryptocurrencies were created with different goals. Fiat currencies were created to be legal tender while cryptocurrencies were created as digital investment tools. These two very different goals make me pessimistic that this concept will be realized well. the two will not be able to exchange roles or take over each other's functions.

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April 26, 2024, 08:14:24 PM
 #15

I have similar thoughts and I am not sure how will they manage it on a longer run and once there is a bear market or let's say rapid changes in the price of the crypto so who will be taking the losses or profit ? how will they cover the deficit? Not sure if we could ever use crypto as payment at larger scale for goods and services due to it's volatile nature. Do they operate like once you trigger the payment it converts it into Stable coin on backend and then processes the transaction?
Payment or larger scale wouldn't pull any threatening actions, rather it will only send in for some random positive result. Cryptocurrency is basically understood following the knowledge and uniform pieces of information coming on board. We should never underestimate our chances and always grab them when coming closer to them. The bear market was designated to cause havoc and distractions towards investors and traders, they lacked every confidence to push forward.

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April 26, 2024, 08:17:57 PM
 #16

Many projects are like that already, if you think that you don't want to spend that crypto reward from that project if they ever have a native token, that's all on you. Because most of these card providers, they're wanting their user to retain their token to maximize the benefits that they have and to have something for their own economy. This gives them the full idea that they're going to have users that will their token and the value of that token will be retained as well but, this isn't only exclusive to that project you've mentioned.


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April 28, 2024, 04:59:24 PM
 #17

If bitcoin has failed the us for the use of cash payment then I don't think there is any other coin or project that can do that because even the users of the coin will not have that interest to use it as a payment option or method but instead they will prefer to use investment and not as a cash for method. The outlook of the project is not nice from the platform home page.  Though the price of the coin is good as a new project $15.11. but I don't think it will be a cash payment for Goods and Services.
I have similar thoughts and I am not sure how will they manage it on a longer run and once there is a bear market or let's say rapid changes in the price of the crypto so who will be taking the losses or profit ? how will they cover the deficit? Not sure if we could ever use crypto as payment at larger scale for goods and services due to it's volatile nature. Do they operate like once you trigger the payment it converts it into Stable coin on backend and then processes the transaction?
If there is a bear market, I think they are the ones who will shoulder the loss but if it's the opposite or there is a bull, they can earn a profit and some spender will regret for using their coins, if they are not used to it. Guess this will be a reason for them to continue their service because not all times there are losing but there are still times that they are earning.

The profits that they can get might be enough already to compensate their losses and still ended up earning something or more. Even without these services here, it is still possible for a crypto user to use their cryptos like a currency for payment purposes and in fact it was already happening even before but the ones who mostly do it are the rich individual who don't mind the transaction fees. There is also stable coins and it's also possible for them to use it.

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April 29, 2024, 07:47:24 AM
 #18

If bitcoin has failed as cash payment then I don't think there is any other coin or project that can do that because even the users of the coin will not have that interest to use it as a payment option or method but instead they will prefer to use investment and not as a cash for method. The outlook of the project is not nice from the platform home page.  Though the price of the coin is good as a new project $15.11. but I don't think it will be a cash payment for Goods and Services.

Let's just give it that benefit to say advancement of technologies is a possible fact that lower values can always be modified to skyrocket ahead higher values esle this concept of project may not be too well in structural programs of having those potentials to doublecross bitcoin potentialities.
Bitcoin has actually covered a wide range of massive adoptions specifically due to its potentials exchange for Alt means of payments before other AltCoins was introduced so we just hope it shouldn't be out of curiosity that other projects tends to be so fast forward to take charge over the features of crypto potentials because if developers are not being connected by romances of what the hypers and their top notch influencers may instigate, it could lead to a downgrade of the coin.
So I don't know why I've to say this that some of newly projects what tends to take lead in the crypto industry should be kind and easy but while growing solemnly in other to perform stable reputabilities.
I know of some projects like that that crashes in matter of time like their trending periods has just elapsed.

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April 29, 2024, 08:54:57 AM
 #19

All I see is they are trying to pump their coin which maybe on the rise for now but hundreds of similar projects went down to zero so I won't probably even consider using their cards unless they allow others cryptos to be accepted as well. For example imagine accepting bitcoin, will it be possible to promise the same kind of cashback and rewards?

Definitely not which means the project can either way.

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April 30, 2024, 06:30:22 PM
 #20

Quite interesting spam, I have checked it this time because normally I do not check these type of spams and I find them quite disgusting and I think that if any place has absolutely no money and need to lower themselves to a point that starting an announcement page on altcoin section of bitcointalk is "too expensive" and only thing they can do is start a newbie account and spam the project like this means that it is going to suck.

So, I decided that I shouldn't judge something by its cover and maybe take a look at it and maybe I would find something that I would actually enjoy and find interesting and would invest into. You know what I found? A shit project with shit future, blackcardcoin will never mean to anything in the future and nobody should invest a dime to it.

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