I decided to make the press release public to the crypto community before it goes live to the newswires!!!Innovative BurnerCoin Crypto-Currency Caters Directly to Car Enthusiasts & Racing FansLike a great race car the new currency offers speed, safety, and agility – plus significant point-of-sale discount potential compared to pricey credit cards.
(London England) – June 17, 2014 – The crypto-currency BurnerCoin (
www.burnercoin.biz) is ready to put the automotive and racing sector into the fast lane, thanks to a number of uniquely value-adding characteristics that cater specifically to car enthusiasts and racing fans.
Merchants and vendors can reap bankable benefits by accepting BurnerCoin, for instance, thanks to the fact that there are zero credit card merchant or chargeback fees. Those fees have long been a point of contention between business owners and the credit card industry because they can take a huge bite out of net revenues. BurnerCoin promises 0% fraud risk or liability, too, because of the nature of crypto-currency – adding yet another incentive to accept or spend BurnerCoins in lieu of credit cards.
Plus car buffs love speed, and it only takes approximately 60 seconds or less to send coins and 20 confirmations to confirm a transaction. That makes BurnerCoin one of the most turbocharged crypto-currencies of all. That all translates into convenience, reliability, and substantially lower overhead. In turn, those benefits enable vendors to pass along their savings in the form of attractive price discounts to customers who perform transactions using BurnerCoin.
With BurnerCoin people can buy racing tickets, racing merchandise, car parts, and virtually any other race fan or car-related product. BurnerCoin holders can also use the crypto-currency to rent exotic sports cars. All of that commerce can be fueled by extraordinary discounts because of the potential savings to merchants. The industry is
a veritable economic engine in overdrive, too, as statistics confirm:
• CNN reported last year that Formula 1 racing is now more than a billion-dollar business, with revenues continuing to overtake each other year after year, even during the height of the global economic recession.
• Collectible car prices are also rising and are now at a level of nearly $8 billion a year. That sector also supports more than 9,500 different businesses, according to the leading marketing data company IBIS World.
• Meanwhile NASCAR fans – which number approximately 75 million or one in three Americans – buy more than $2 billion in licensed NASCAR merchandise every year.
• Race fans also account for the majority of attendance at sporting events in the USA, with NASCAR second only to football as the most popular televised sport in the country.
During the Proof of Work phase 2.18 million coins were created, establishing BurnerCoins as a solid contender destined to be a repeat winner with vendors and consumers alike. While all crypto-currency investors appreciate the fact that BurnerCoin offers a hefty 5% annual interest rate, those who enjoy cars and racing will find this unique currency especially useful and profitable.
BurnerCoin is also now a 100% Proof of Stake currency, which adds important levels of security and stability. That is vitally important for investors wanting to avoid the kinds of volatility and losses that investors have experienced with crypto-currencies that do not implement Proof of Stake standards.
